Soldiers offered thousands in tax-free money to re-enlist
Boring through darkness at 30,000 feet toward Iraq, Air Force Staff Sgt. Eric Erbaugh, a loadmaster on this C-17 flying combat supplies, did a quick calculation and grinned. In a few hours, he would avoid paying Uncle Sam the taxes on $41,161.50.
Erbaugh is based at Charleston Air Force Base in South Carolina and flies regularly on cargo missions to the Middle East. After eight years in the Air Force, he was re-enlisting for another five. That earned him a $41,161.50 cash re-enlistment bonus. And by signing his re-enlistment papers in a war zone, he'll get that bonus tax-free, saving enough to help pay his law school tuition and make a down payment on a house....