Thursday, August 7, 2008

What is Cash Gifting? Is it a Scam? Well Let's Review Cash Gifting and Find Out!

Imagine, you're up late one night scouring the internet searching for a way to make "quick cash" especially in the times we currently live in with gasoline prices on an continual climb, and food/housing prices following suit, and now your paycheck does not stretch itself like it did in the past even though you've cut back on eating out, you've cut back on using too much electricity, you've cut back on your cable expenses by switching over to the basic channels while dropping all premium channels, you've also started carpooling, something you despised in the past and do so even more now, cause you know it's only going to get worse.

Well, instead of imagining this scenario, and I'm not a betting man, yet I'd say that the above description is more reality than imagination.

For now let's keep the scenario above just that...a scenario! Let me get back to where I left off.

Now after doing your search on Google, you come across a zillion pages promising fast money, next day cash, payday offers, credit card offers, home business opportunities, affiliate marketing plans, MLM, and network marketing businesses, and a host of other money making pitches, but of all the offers mentioned one catches your eye, and it does so because of the headlines that may read something like: ("Make An Easy $500-$3,500 Cash Each Day") and now you're curious so you click on the accompanying link and wind up landing on a site that may have a video, and testimonials of average folks just like you receiving hundreds or even thousands of dollars in cash delivered to their very own doorstep.

Your natural reaction is, "Yeah Right"! How legit can this truly be? I bet it's a scam, I bet these people are hired actors being paid for their testimonials.

I for one will tell you that your reaction is a conditioned reaction. Conditioned reaction?

Yes, a conditioned reaction is a reaction based on how we've been conditioned to think through out time, while growing up either by our parents, teachers, or some other authoritative figure in our society that's helped condition our thought behavioral process into believing fiction as fact or vise versa.

With that being said some things are fact, for example when your parents or any authoritative figure in your life told you to look both ways before you crossed a street, because you could get hit by a car if you did not take heed to this advise, this warning was based on fact.

Now the perceptive or ignorant mind would conjure up something like: "Millionaires are born...Not made"! or "Everyone who's rich must be shady" or, "You can't get something for nothing". Yet, these same people who make such statements would be the first ones in line to get a FREE offer their local department store may be offering or their local sandwich shop.

Now let's define the word SCAM.

Websters dictionary defines the word scam as such: "a fraudulent or deceptive act or operation".

When it comes to cash gifting, it's a concept that has been around for many years, in fact the concept of gifting whether it's cash, food, housing, etc. has been around for centuries.

Today, if a person is affiliated, with a group, or religious organization and they're in need of financial assistance ("offering or love gift") which usually consist of cash and other items is given to that person with the group or organization desiring nothing back in return, only that the person being helped gets back on their feet and returns to financial solvency.

Cash gifting is a concept embraced by private groups of individuals and has been in existence for many years. Cash gifting 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 or group concept and help change lives.

The concept of cash 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.

Is Cash Gifting A Legal Activity?

The Law states that one or more individuals can give a gift to another individual of up to $12,000 cash 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.

In my qualified review of cash gifting it clearly shows that the word "scam" does not apply to this activity and that the perceptions about gifting are clearly and surely leaning toward much more positive reactions from the hundreds of thousands of people worldwide whom are greatly, and yes easily benefiting financially from this legitimate group activity.

I would more than happily answer any of your questions about the cash gifting activity if you so simply and kindly CLICK HERE To Ask Me More!


Add to Technorati Favorites