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.
In 2015, a taxpayer can give up to $14,000 per person per year without being taxed on the gift. For example, this year you could give Friend A $14,000, Friend B $14,000, and your sister $14,000 and not be taxed on your gifts.n 2015, a taxpayer can give up to $14,000 per person per year without being taxed on the gift. For example, this year you could give Friend A $14,000, Friend B $14,000, and your sister $14,000 and not be taxed on your gifts.