Posts Tagged ‘get rich’
Barriers To Getting Started In Cash Gifting
Cash gifting promises to be one of the most effective ways to make money by affiliating with an organized program. You can join for as little as $150, so why would you hesitate if you are interested in this kind of opportunity?
Initially, potential cash gifters often have issues with the concept of giving money freely. Society teaches us to save and hoard, but that is no way to get rich. You need to take some risk and give a little bit in order to build true wealth.
Entrepreneurs have begun to use the Internet to organize cash gifting teams. The concept is simple. Giving one gift entitles you to all the tools necessary to make yourself the recipient of multiple cash gifts over and over. The Internet allows your money to grow exponentially with little initial investment.
Is this legal? Of course. In the United States you may give anyone a cash gift without being subjected to taxation as long as the amount is less than $12,000 in a year. Want proof? Just look in the newspaper.
A recent Congressional scandal in July 2009 illustrates this beautifully. A Congressman and his family gave cash gifts to the family members of a woman with whom he was having an affair so they would not talk about it. They received $96,000 in $12,000 increments to avoid reporting and taxation.
Online cash gifting is the best way to organize the giving of tax-free gifts that are $12,000 or less. The activity is simple and clear, and a signed letter accompanies each gift stating that the giver gave freely and expects nothing in return.
Actually, people have been cash gifting for many years, even before the Internet, to avoid the heavy taxation on inheritance. People typically give their fortunes away to loved ones in increments of $12,000 or less per year while they are still alive so the government does not confiscate a large portion of it.
Why haven’t you started cash gifting? This activity is absolutely legal and is highly organized on the Internet. Just give a little to get a lot.