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.
In the South, both Lousiana and the Carolinas refused initially to ratify the amendment. Nevertheless, the 14th Amendment was declared formally ratified on July 28, 1868. Amendment Sections. The 14th Amendment to the U.S. Constitution contains four sections, of which the first is the most important. Section 1 guarantees citizenship to any and all persons born or naturalized in U.S. It also guarantees all Americans their constitutional rights and denies states the right to limit those rights through legislation.