Many returned volunteers complain that the Peace Corps does little to promote or make use of their rich experiences once they return...[A] Peace Corps volunteer is sent in...[to] relieve...the local government from having to develop policies that assure equitable distribution of health care...During the early years there were many failures in structure and programming...Some critics charge that the Peace Corps is only a somewhat ineffective attempt to counter damage done to the U.S. image ...
The annual exclusion is the maximum value of gifts you can give to each person. For example, during the 2016 tax year, the law allows you to make an unlimited number of tax-free gifts as long as no one receives more than $14,000. Therefore, you can make hundreds of $14,000 gifts without paying a dollar in gift tax as long as each recipient is a different person.
If you give people a lot of money, you might have to pay a federal gift tax. But the IRS also allows you to give up to $14,000 in 2014 to any number of people without facing any gift taxes, and without the recipient owing any income tax on the gifts.ifts subject to the gift tax. The following gifts are considered to be taxable gifts when they exceed the annual gift exclusion amount of $14,000 in 2014. Remember, taxable gifts count as part of the $5.34 million in 2014 you are allowed to give away during your lifetime, before you must pay the gift tax.