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Frequently Asked Questions
What is the concept of cash gifting?
The concept of cash 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 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.
To view the most recent (August 2007) IRS Publications regarding this subject
click the following links.
PDF: www.irs.gov/pub/irs-pdf/p950.pdf?source=ttcom4home1
How does the gifting activity work?
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.
Who can participate?
As stated above, this is a private sharing group, and
is offered only through an exclusive one-on-one invitation to individuals
over 18 years of age. We have members worldwide in over 16 countries.
Is this a company?
There is no company. We are a team of individuals and we
give to one another and other teammates. We are not a business or an
investment. No company can withhold or misplace our gift. We are totally in
charge of our own gifts and gift directly one to another and work for the
betterment of the team.
How can you give to a stranger?
How many times have you given to United Way,
the Salvation Army, and other charities? You don't know who got the gift.
The only difference here is that this person will start out as a stranger,
but you will get to know them, work with them, and perhaps develop new
friendships.
Is this a pyramid?
No, this is not a pyramid scheme. We do not sell
positions and we do not have an ever-widening base to the structure, which
just keeps going and going. A pyramid never allows anyone coming in on the
bottom to ever reach the top. In a pyramid, only those at the top profit
while those at the bottom never reach the top. In a pyramid, people can and
have lost their money.
A pyramid is also not to be confused with "Network Marketing". Although Network Marketing is a legal and viable source of income, when was the last time you, or anyone you know, was able to start at the bottom of the company and reach the top position in the company? NEVER! We are neither a networking company nor a pyramid scheme.
Do I have to share this with family and friends?
No. Our club directs you to
the resources of like-minded individuals that want to change their lives
with this activity.
Do I have to be a salesperson to do this program?
No. There is no selling,
no solicitation, no pressure, and no coercion. It is simply a matter of
sharing what is in your heart, sharing your own reasons for becoming a
participant, and sharing your own experiences.
Is it legal?
Yes. 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 right to earn, pay taxes, and to give away property and cash as
long as it is done according to the laws and codes of this country.
You can give and receive up to $12,000 (effective Jan. 1, 2006) from any one person within a calendar year.
In the US the just look at the IRS Tax code Title 29 and Publication 950. Click Here to download.
The 1 Up Structure in our cash flow plan 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 a "Pyramid" style illegal structure, which we are not.
This is a private activity and by invitation only. There are no open forums, meetings, or conferences.
The Gifting Statement and Non-Solicitation forms we sign when sending our gifts are binding between two individuals. Lawyers were brought in to ensure the wording and content would make this activity 100% legal ensuring the longevity of the program.
Is this structure considered a board or a matrix?
No. We use a simple 1-Up structure.
Short on Funds to Get Started?
We understand. We've been there too. You might want to check out the
following website that offers suggestions on how to use other people's
money. Good luck and hope to hear from you soon.
http://www.waystouseopm.com
Now Are You Ready to Change Your Life?