Re: Sunday School Teacher Gone BAD
Not only does the (formerly) good Mr Foster insist on parading his misdeeds in public, he also attempts to justify his wrongdoing using the age old cash gifters lies about cash gifting being IRS approved:
http://www.youtube.com/watch?v=Nab5cH-wM_g&context=C33a6203ADOEgsToPDskJ6ymeCEGZrnB1SQS-BCGSk
It appears it doesn't matter how many times people are told the IRS does NOT regulate cash gifting, there's always another smart ass to jump up and quote the IRS' stance on gifts of cash which are NOT the same as "cash gifting"
But at the end of the day, the IRS is not in the business of determining what activities are legal; it simply determines what activities are taxable and then prosecutes and penalizes people for tax evasion, which is illegal.
The Federal Trade Commission (FTC) considers "cash gifting" to be an "endless chain scheme" or "pyramid scheme" BOTH OF WHICH ARE ILLEGAL
AND, most states in the USA have their own regulations governing pyramid schemes: http://www.cashgiftingwatchdog.com/basics/cash-gifting-law
The only thing necessary for the triumph of evil is for good men to do nothing
Bookmarks