Economy Going South? How These People are Staying North
Freddie Mac, Fannie Mae, Merrill Lynch, AIG? Our economy seems to be tanking in supreme fashion according to all media and political pundits. Republicans, Democrats, and Independents are blaming each other for the financial and housing market crash. Capitalism is not to blame. Could the government be? Can we trust our monies in banks anymore? Mind boggling.
Yet there is a slowly forming groundswell of individuals in America today who are taking matters into their own hands. People, who aren’t settling for government creating more programs to help them survive. People utilizing their rights to come together as private citizens in helping others to survive and prosper. People, who are using a 27 yr. old IRS code ruling to thrive in an up economy or a down economy.
What we are talking about are gifting programs, cash gifting, or gifting money. A new concept? Quite the contrary. What is cash gifting? Cash gifting programs are where individuals come together through a private club and send gifting money to other individuals freely in a helping manner. These cash gifting programs are not a business or corporation. Gifting has typically been used by the wealthy to distribute their wealth tax free within their families for many years.
You’ll notice specific government agencies like the FTC who put warnings out about cash gifting scams. Just type in gifting into any search engine and you’ll find the FTC warning at the top. Yet, you’ll find many other pages of supporting information about gifting programs. However, there is one important entity that supports gifting programs. The IRS. One can find all the information in the IRS gifting rules area of the code.
There is actually an interview with an IRS representative discussing and supporting gifting and the gifting programs. Available for public view: http://www.youtube.com/watch?v=eFPLwsbxRfA. This is an eye opening interview, yet most Americans have yet to realize that they can take advantage of gifting.
More and more of us are concerned about our financial futures. People are looking to alternative means to provide for their families today as well as in the future. As we see more and more people creating their own economies along with other likeminded individuals, cash gifting programs could see a remarkable upsurge.
About the Author:Author Nikki Savvy is an executive recruiter and one of those people mentioned in this article who refuses to rely on government to prosper in today’s roller coaster economy. She has joined and is flourishing in gifting. You can see her here: www.cashgravytrane.com . Call 888-773-6440 or
email to: cashgt@gmail.com
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