A SEP IRA allows generous contributions limits. The 2015 and 2016 SEP IRA contribution limit is $53,000. Within IRS limits, contributions into a SEP IRA are generally 100% tax deductible. Interest earned in a SEP IRA grows tax-deferred.
It was passed by Congress on June 13, 1866, and ratified by the states as of July 9, 1868. The 14th Amendment contained three major provisions: The Citizenship Clause granted citizenship to All persons born or naturalized in the United States.
Story Continued Below. âThe 14th Amendment guarantees due process and equal protection of the laws to all citizens. It enshrines in the Constitution provisions of the GOPâs 1866 Civil Rights Act.The principal author of the 14th Amendment was U.S. Rep. John Bingham (R-OH). In Congress, all votes in favor of the 14th Amendment were from Republicans, and all votes against it were from Democrats.â. Not anymore.