Are No 1 Up Cash Gifting Programs Legal?
Are No 1 Up Cash Gifting Programs Legal?
Are No 1 Up Cash Gifting Programs Legal?
No 1 upcash gifting comprises of a group of like minded individuals who seek to help one another by gifting amongst themselves. It is simply the monetary relationship between two individuals, the giver and the receiver. There are no products involved with gifting activities, therefore it is not a business. It is for this reason alone that people, who do not understand the concept of cash gifting, want to know is cash gifting legal.
Questions of the legalities of no 1 up cash gifting programsarise because you can become a part of a gifting activity, and within days or weeks experience huge monetary results. Most of us have been programmed to think that earning a lot of money quickly or receiving abundance in a short period of time is impossible. So when there are regular people who receive $500-$10,000 or more in a day, this yells out scam to most people.
Many think that cash gifting is a scam or not legal, and label it as a ponzi scheme. But a ponzi scheme is when new investors pay investors that have been a part of the opportunity, and assure that the newcomers will have a high return on their venture. This does not relate to cash gifting because gifting does not make any guarantees. This is the purpose of the proper forms that are sent with gifts. The gifting statements and non-solicitation forms make certain that the giver is not expecting a return. It is up to the giver to present himself as a leader, and help out as many people as possible.
Now, I will not say that all no 1 up cash gifting programs are legal. There are some programs floating around the internet that are scams, there are people that have been scammed and there are people involved in activities that leave their sign ups high and dry. But this does not mean that cash gifting as a whole is not legal. It means that some people have given gifting a bad reputation.
Greed can be the explanation of why some would do this. They believe that people they introduce to gifting later become competition, but this is untrue. The world is too large for saturation. No member in a cash gifting community should not have the mindset of helping themselves, but should be helping others. Although there are selfish gifting members, there are many in the gifting community that enjoy helping others, and make it their priority to see that people joining the activity reach their goals. If everyone that joined gifting activities followed the same principles, the question, "Areno 1 upcash gifting programslegal?" would hardly exist.
The question would also be non-existent if people kept an opened mind about the information that successful members have across the internet. With the many gifting activities there are across the internet, there are tons of people having success with the activities as well. Some own particular keywords on google and have become very popular in cash gifting. Members of cash gifting activities are given replicated websites, and contact information, such as email address, mailing address and phone number, can be viewed on these sites. Those who are receiving tens of thousands, hundreds of thousands or even millions from gifting can easily be tracked. So, if cash gifting is not legal these people would be arrested by now, right?
IRS tax code Title 26, Sections 2501-2504 and 2511 states that any one person can receive a cash gift of up to $13,000 without it being taxed. This is coming from Uncle Sam himself, the money man. Neither the giver nor the receiver has any tax liability on the gift of up to $13,000. This makes the cash gifting 100% legal, and allows any person to join a gifting activity under their own free will.
In closing, there are not any laws that say you cannot participate in a no 1 up cash gifting program. As long as members follow the rules of gifting, there will not be a halt in the operation of the activity. Gifting has been around too long, and new programs are formed too much for it not to be legal. So "Are no 1 up cash giftingprogramslegal?", sure they are.
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