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News

Thursday April 24, 2014

Exciting events are happening at Young Harris College.
Our News
Thank you for your interest in Young Harris College. Our hope is to serve you and your family with helpful information.
Family Limited Partnerships
Personal Planner
A family limited partnership (FLP) is usually created by a husband and wife. It has several purposes. An FLP can save...
Air Travel Tips for Travelers with Special Needs
Savvy Living
I would like to fly my elderly parents across the country next month for my daughter’s wedding but have some...
Obama and Biden 2013 Tax Returns
Washington News
Each year President Barack Obama and Vice-President Joe Biden release their tax returns. Both have done so for year 2013. In 2013 President Barack and Michelle Obama had adjusted gross income of $481,098. This was lower by approximately 20% from the prior year due to reduced royalties from the sale of books written by the President. Most of their income came from his $394,796 salary as President. The Obamas filed as a married couple with two added exemptions for daughters Malia and Natasha. Because the book income qualifies as self-employment earnings, the President was able to reduce taxes by funding a Simplified Employee Pension (SEP) with $20,681. The Obamas itemized deductions were $147,769. The largest itemized deduction...
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