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.
The Court avoided discussion of the protection granted by the clause in the 14th Amendment that forbids the states to make laws depriving citizens of their âprivileges or immunities,â but instead cited such laws in other states as a âreasonableâ exercise of their authority under the police power.