|
Is Cash Gifting or Cash Leveraging
With Team Success or The Peoples
Program (TPP) LEGAL?
Is Cash Gifting, or Cash Leveraging Legal?
This was the first thing that came to my head when I first heard
of this activity: this can't be legal.
But to my surprise, it is, in fact, a legal activity, here's why.
|
|
|
|
 |
|
|
|
|
|
|
In researching this activity, I
learned that both American and
Canadian citizens have the
Constitutional right to gift
property, cash and other assets.
|
|
|
|
|
|
|
 |
|
|
 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
copyright 2009 built by Gary Beharie
|
|
|
 |
|
|
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.
It is NOT pyramidal, but linear in structure. There's no "fat cat" at
the top benefiting from others. A person starting today can easily
generate more money than someone that's been in a year. Copy
cat programs in the past were closed because of this illegal
structure, which we are NOT.
I also found that most well organized Cash Gifting programs
use a Gifting Statement and Non-Solicitation form, which when
signed, are binding agreements between two individuals. These
forms are used, it's said, to ensure the longevity of a program.
Now, I'm not here to paint a rosy picture and tell you that ALL
Cash Gifting programs are legal. Certainly there are some that
are not. Unfortunately, there are "old school" Cash Gifting
programs out there that weren’t structured properly in order to
sustain their efforts for any considerable length of time, and
some of them use an illegal pyramidal type of structure.
Consequently, copy cat programs in the past were closed
because of this illegal structure and gave Cash Gifting a bad
reputation.
However, in recent years, with the creation and development of the
linear "80/20" structure, things have changed and more and more people
are benefiting through the use of these types of programs than with any
other Cash Gifting structure in the World due to it's strong focus on
residual cash flow.
With an 80/20 type of Cash Gifting program, there are no fancy sounding
"positions" to sell, no "matrix" to fill, and there's no ever-widening base to
the structure
(In a typical illegal pyramid, only those at the top profit while those at the
bottom never reach the top and invariably lose their money).
Call With the IRS
|
|
|
