Is CASH GIFTING LEGAL?
“Is cash gifting legal?” is a question many have asked. The simple answer is:
If you are allowed to get or give a gift in your country, state, province, or territory,
and you are not in fear of being thrown in jail or fined for doing so, then YES.
If you have ever received (or given) a gift for a wedding, a Bar Mitzvah, a birthday, Christmas, or for no reason at all, and you just were happy to give (or receive),
Then you can answer the question of “IS CASH GIFTING LEGAL?” yourself.
The answer is YES!
If you are afraid to give (or receive) a gift, then you probably should not do so. Cash or otherwise.
The biggest problem with a cash gifting program, is people’s perception. Many people FEEL that a gifting program is shaky, flaky, or illegal. Although this is NOT TRUE, a product-based program will do much better for these folks, when run properly and honestly, even when cash is used.
LAD15.com/Freedom offers an excellent alternative to the cash gifting model, using advertising as the product, and an excellent compensation structure and enables every purchaser to make money from the ad system itself.
The gift card industry sold more than $12,000,000,000 (12 BILLION Dollars) worth of gift cards in 2012.
And “participants” are some of the biggest names in business. It is a huge profit center.
So, for the vast majority of the world, cash gifting IS LEGAL.
That number is anticipated to reach more than $15,000,000,000.00 (15 BILLION Dollars) by 2015. (It has by far eclipsed that now in 2019)
And that’s gift cards alone. Not even counting “gift registries”, cash gifting, and all the other “giving” holidays.
Face the facts, gifting is what we do. It makes the giver feel good for helping or rewarding someone, and it makes the person who receives the gift, appreciative of the thought and generosity from others, affording them the opportunity to more fully enjoy life.
It also fuels the economy.
Cash Gifting is no different than product or card gifting. It’s a gift. The recipient can use the cash for any purpose they see fit. It really is THE ULTIMATE GIFT!
Many countries have established limits on the value of gifts (cash or property) to be exempt from tax liabilities.
In the United States, for example, that limit (exclusion) is currently (2018) $14,000 per individual (donee) per calendar year. That regulation can be found at IRS.GOV
There is no expectation of something in return (or at least there should not be).
Is cash gifting legal?
The structure of a cash gifting activity is what differentiates when a cash gifting activity may cross the line.
Is cash gifting legal?
When such an activity is based on getting more and more to receive a “gift”, (as in get 5, and they get 5, and you get a “gift”) then it is probably based on a pyramid or ponzi type structure that will collapse on itself.
That structure might be prosecuted as illegal, but not the act of gifting itself.
Is cash gifting legal?
Gifting activities cannot be referred to as “a business” or “business opportunity”. There is no “investment”, no “profit” or “loss”. No Income. Only gifts.
There are NO PRODUCTS to buy or sell! It’s a GIFT, pure and simple.
Is cash gifting legal?
It can only be a straight up GIFT.
In my opinion, cash gifting is totally legal and even MORE honest than many of the so-called “opportunities” out there.
With all that being said, it is still presumed by many to be a shaky model.
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We have created an advertising program that has no PHYSICAL PRODUCT. Just Ads.
It is designed to use LEVERAGE to gain more exposure to your ad, PLUS others selling ad space for you simply by selling their own.
It is affordable and even cheap. Only $600 for an ENTIRE YEAR.
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After thoroughly investigating many different types of gifting activities, the only one that stood out in my mind as totally honest was the 1-up. In this type, you give someone a cash gift (you choose the level of gift). You then would also give that person your 1st signup (1-up) at that level. After that, all your future invitees will gift that level straight to you. But now they would also have to do just 2 things: Give a gift, and pass their 1st person up (1-up) to you. There are no matrices, no multi-level, no fancy stuff, just giving of gifts between 2 people. And never exceeding the amount allowed by law (USA & Canada).
But Beware: Some have Monthly Maintenance or ADMIN FEES. That can be crazy.
So, Yes, cash gifting IS LEGAL, when done properly, and within the legal limits established by law.
I, personally, chose not to join one, not because I believe it is a fraud, but moreover because it was too difficult to convince the people I might invite. So instead of a gifting program, I chose to use advertising, something everyone uses, as my vehicle.
Also, please understand that I am not a lawyer or an accountant. Use your own due diligence BEFORE you get involved with a gifting activity, as the gift you decide to give is a gift. Expect nothing in return, except gratitude.
I decided that since EVERY online business, including CASH GIFTERS, needs advertising because it is really an activity to be proud to share, to help others, to give the gift of hope and prosperity, that is real and lasting. Help and be helped. Sow and reap. It works because people do enjoy helping others. That is where my thrill and pleasure comes from. What could be better?
