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I Hope you enjoy shopping at the Racing Ahead store and that you find what you are looking for. From time to time, new additions will be made to departments so please do come back and look again.
GiftsGiving of gifts or presents represents the transfer of something without the need for compensation that is involved in trade. Giving of gifts are voluntary acts which do not require anything in return. Even though it involves possibly a social expectation of reciprocity or a return in the form of prestige or power, gifts are meant to be free.In many human societies, the act of mutually exchanging money, goods, etc. may contribute to social cohesion. Economists have elaborated the economics of the giving of gifts into the notion of a gifts economy. By extension the term gifts can refer to anything that makes the other happier or less sad, especially as a favour, including forgiveness and kindness.
The Presentation of GiftsWhen material objects are given as gifts in many cultures they are traditionally packaged in some manner. For example, in Western culture, gifts are often wrapped in wrapping paper and accompanied by a gift note which may note the occasion, the giftee's name, and the giver's name. In Chinese culture, red wrapping connotes luck.
Occasions for the Giving of GiftsThe occasion may be:-
Customary giving of gifts occur on occasions such as:-
Kinds of GiftsGifts may comprise of:-
Legal Aspects of GiftsIn common law, for gifts to have some legal effect, it is required that there be:-
In some countries, certain types of gifts above a certain monetary amount are subject to taxation.
Tax Deductibility for GiftsIn the USA, properties acquired by gifts , bequest, devise, or inheritance are not included in gross income and thus a taxpayer does not have to include the value of the property when filing for taxes. Although many items might appear to be gifts , courts have held that the most critical factor is the transferor's intent. The transferor must demonstrate a "detached and disinterested generosity" when giving gifts to actually exclude the value of the gifts from the taxpayer's gross income. Unfortunately, the court's articulation of what exactly satisfies a "detached and disinterested generosity" leaves much to be desired.Some situations relating to gifts are clearer, however: " Gifts " received at promotional events are not excluded from taxation: For example, Oprah's seemingly good deed of giving new cars to her audience does not satisfy this definition because of Oprah's interest in the promotional value that this event causes for her television show. " Gifts " received from employers that benefit employees are not excluded from taxation: The rules in the USA clearly state that employers cannot exclude as gifts anything transferred to an employee that benefits the employee. Consequently, an employer cannot gift an employee's salary to avoid taxation. In addition, policy reasons for the gifts exclusion from gross income are unclear. It is said that no justification exists. It is also said that the exclusion is for administrative reasons, both for taxpayers and for the IRS. Without the exclusion taxpayers would have to keep track of all their gifts, including nominal ones, during the year, and this would create additional oversight problems for the IRS.
Religious Views on the Giving of GiftsRitual sacrifices can be seen as return gifts to a deity. Sacrifices can also be seen as gifts from a deity: Lewis Hyde remarks in The Gift that Christianity considers the Incarnation and subsequent death of Jesus to be a " gift " to humankind and that the Jataka contains a tale of the Buddha in his incarnation as the Wise Hare giving the ultimate alms by offering himself up as a meal for Sakka.In the Eastern Orthodox Church the bread and wine that are consecrated during the Divine Liturgy are referred to as " the Gifts ". They are first of all the gifts of the community (both individually and corporately) to God and then after the epiklesis, the Gifts of the Body and Blood of Christ to the Church.
Souvenir GiftsSouvenir gifts , mementos or keepsakes are objects travelers take home for the memories associated with them. Souvenir gifts may include clothing such as T-shirts or hats and household items such as mugs and bowls, ashtrays, egg timers, spoons and notepads. They may be marked to indicate their origin: "Souvenir gifts from Clacton-on-Sea". Souvenir gifts frequently have a reputation for being tasteless.In Japan, souvenir gifts are known as meibutsu gifts (products associated with a particular region); and omiyage, candies or other edibles to be shared with co-workers. Omiyage sales are big business at Japanese tourist sites. These ( Omiyage ) are customary gifts typically given by someone upon returning from a trip to be given to family, friends, co-workers, neighbors, business associates, teachers, classmates and any other person socially related to the returning vacationer. By age-old Japanese conventions, it is shameful to arrive or return without gifts and such acts as going on a vacation away from one's society could be perceived as selfish in a manner, anti-social at the very least. The omiyage gifts placate all concerned and smooths intricate social ties, absolving the traveler of such shame. Omiyage shows the traveler was thinking of his or her family and community members while away. Because of the number of omiyage gifts often required following a vacation, travelers need to buy souvenir gifts in bulk (it is not unusual to bring one empty suitcase solely for the omiyage). Thoughtfulness is always an issue. It cannot look too cheap and it is preferred it be something universally practical like towels, dinnerware, tasteful decorative items, broadly-popular foods and the like. It is not even necessary the choice of omiyage gifts be particularly relevant to the place visited. Key chains and unfamiliar foods are not well received as gifts .
The Wrapping of GiftsThe Wrapping of gifts refers to the act of enclosing gifts in some sort of material. Wrapping paper is a kind of paper designed for gift wrapping. Gifts may also be wrapped in a box. They may be held closed with ribbon and topped with a decorative bow (an ornamental knot made of ribbon).In Western culture, gifts are often wrapped in wrapping paper and accompanied by a gift note which may note the occasion, the giftee's name and the giver's name. In the United States, an additional 5 million tons of waste are generated during the winter holidays; four million tons of this is wrapping paper and shopping bags. In Chinese culture, red wrapping of gifts connotes luck. In Japanese culture, wrapping paper and boxes are common. However, the traditional cloth wrapping called furoshiki is increasing in popularity, particularly as an ecologically friendly alternative to wrapping paper. In Korean culture, bojagi are sometimes used for the wrapping of gifts . A yedanbo is a ceremonial gift bojagi used to wrap wedding gifts from the bride's family to the members of the groom's.
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