Nate, whose combined Federal and state income tax rates total 40% in 2014, expects to retire in 2015 and have a combined tax rate of 30%. He plans to donate $100,000 to his church. Because he will not have the cash available until 2015, Nate donates land (long-term capital gain property) with a basis of $20,000 and fair market value of $100,000 to the church in December 2014. He reacquires the land from the church for $100,000 in February 2015. Discuss Nate's tax objectives and all tax issues related to his actions.