How Real is Cash Gifting
By TaJuan Williams
A pyramid never allows anyone coming in on the bottom to ever reach the top. Everyone pays some sort of association fee, works together under a team just to receives the same gift. In a pyramid, only those at the top profit. In a pyramid, your team members encourage you to attend meetings, conference calls, and annoy those you love to get the sale.
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.
Churches, civic groups and people from around the world have participated in organized gifting for over 300 years. Laws state that it is legal for individuals to exchange gifts. In the United States we have the Preamble, the Constitution and the Bill of Rights to protect a private citizen’s rights to earn, pay taxes and give away property and cash as long as it is done according to the laws and codes of this country.
The law states that one or more individuals can give a gift to another individual of up to $11,000 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.