Why you will fail at cash gifting....
Why you will fail at cash gifting....
What is private gifting?
Private gifting is a concept that is embraced by a private group of individuals and has been in existence for many years. Our private activity does not involve network marketing, multi-level marketing, or a business or commercial activity. There are no business transactions, investments and/or securities involved in this activity. There is no business or company name or location and there are no directors, officers, shareholders or principals. Individuals simply support each other in a team concept and help change lives.
The concept of private gifting is based upon the fact that both American and Canadian citizens have the Constitutional right to gift property, cash and other assets, and are subject to the rules and regulations established by the laws. The U.S. gifting rules are found in the IRS Tax Code, Title 26, Sections 2501-2504 and 2511, and Canadian Tax Code, Sections 143.3 and 62.0.
The law states that one or more individuals can give a gift to another individual of up to $12,000 each per calendar year without any tax liability to either the giver or receiver of the gift, because the tax on the gift has already been paid. These gifts are not included in the gross income of the recipient.
By Progress Dixon.
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Cash gifting Is this a pyramid?
No, this is not a pyramid scheme. A pyramid is associated with a company or a business. We are not a company, just a private sharing club. We have no sales quotas, we do not sell positions and we do not have an ever-widening base to the structure, which just keeps going and going. A pyramid never allows anyone coming in on the bottom to ever reach the top. Everyone gives the same gifts, works together in team dynamics and receives the same gift. In a pyramid, only those at the top get the profit while those at the bottom never reach the top. In a pyramid, people can and have lost their money. A pyramid is also not to be confused with "Network Marketing". Although Network Marketing is a legal and viable source of income, when was the last time you, or anyone you know, was able to start at the bottom of the company and reach the top position in the company? NEVER! We are neither a networking company nor a pyramid scheme.
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718-395-2504
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Is CASH GIFTING it legal?
Yes. Churches, civic groups and people from around the world have participated in organized gifting for over 300 years. Laws state; that it is legal for individuals to exchange gifts. In the United States we have the Preamble, the Constitution and the Bill of Rights to protect a private citizen's rights to earn, pay taxes and give away property and cash as long as it is done according to the laws and codes of this country.
Can I join at any level to begin?
You can join at either level or a combination of them all. Example: $500 + $1000 + $2000 for a total of $3500.
Is this structure considered a board or a matrix?
No. one-up structure. This structure allows its participants to get into the receiving position quickly. It out performs ALL matrixes and boards and is a mathematically superior structure.
How do I get started in this activity?
Get back with the member who invited you and they will personally walk you through our simple registration procedure. You will need their member ID# and the password to our website to register.
Progress Dixon..
Call me today
718-395-2504
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My story..
Scams,Lies,SEX, and [cash gifting] my experience
Progress Dixon
Phone 718-395-2504
Check this out
http://www.youtube.com/user/100kmentor