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.
1 The annual gift tax exclusion amount is $14,000 for 2015. 2  In other words, you can give $14,000 or $14,000 worth of property to as many people as you want in a year's time, without needing to file a gift tax return in order to report the gift to the IRS. Any taxable money you gift an heir during your lifetime will count toward the estate that you leave them upon your death. 2  For example, if you give your child $200,000 each year for ten years for a total of ten years, and upon death leave them 5 million, your total gift will have a value of $7 million for tax purposes.