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I have attached the Obama’s 2011 U.S. tax return. In light of there being likely changes to the tax code, let’s re-compute the Obama’s 2011 U.S. Federal tax return only, using the data as presented on the attached tax return, but with following assumptions with regards to hypothetical changes to the tax code: – Charitable donations are limited to $50,000 for couples earning over $250,000. – Mortgage interest is capped at $20,000. – Deductible SEP/IRA contributions limited to the same threshold as annual 401(k) contributions. locate and download Governor Romney’s 2011 U.S. Federal tax return and do the same (as the above) for him.
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