What is private gifting?
Private gifting is a concept embraced by private groups 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.
THIS IS NOT A PYRAMID TYPE GIFTING PROGRAM...THOSE ARE ILLEGAL AND THIS IS DEFINITELY NOT ILLEGAL!
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.
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. WE ARE NOT GIVING TAX ADVICE! Please consult a local CPA regarding your decision to pay taxes on your gifts or not.
How did this concept begin?
Giving private gifts to one another is an expression of kindness, which has been going on for centuries. Governments have allowed its practice for individuals to share their wealth with families, friends and others. It has been a means of helping and blessing others on special occasions or when the need arises.
Many cultures gift as a matter of course. Asian, Jewish and South American communities gift individuals within their culture on a regular basis so that they may start a business or buy a home. They in turn gift someone else to help enhance their lives. Habitat for Humanity is a great example of private gifting. Everyone participates with their time, their talents and materials to build a home for someone else. Some participate with a hammer, some with nails, some with food and others with the monetary gifts to purchase the supplies, but all create a team that works together to bless someone's life.
How does the gifting activity work?
Individuals share using a basic concept that "All things must be done in order" - the Universal Law of Sowing and Reaping - "when you give, you shall receive." This follows God's Law of Reciprocity. "Give and it shall be given unto you." This activity is offered only by means of an exclusive one-to-one invitation. When someone accepts the invitation, they move through a natural progression from the giving to the receiving stage of the activity. In this activity, there is no fixed hierarchy of individuals who have an advantageous position or unfair advantage over new participants.
What is the Cost to Get Started & What are My Options?
The Level you choose to join Abundant Living System is your own personal choice. The Level you choose is the amount of gift you will send your "Inviter/Host." You may "upgrade" to higher Levels at any time by paying the difference, and that is sent to the next in line qualifying inviter.
There is a $50 annual processing fee that is paid to the Processing Center for your own "Members Area/Training System" that takes care of your genealogy (member tracking) so you don't have to! That is the only mandatory fee you have to pay.
We also offer Training Tools and other Marketing Tools in the members area. These are all offered to making sure your experience with ALS is pleasant, fun and profitable!
Don't wait another day…Seize The Moment! NOW is the time to take action! Visit
http://www.cheerfulcashgifters.com and make the decision to JOIN TODAY!
Posted By: Samuel Ndoumbe
Thursday, October 2nd 2008 at 5:22PM
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