Re:US Senator Warren Introduces Bill to Simplify Tax Filing
by harryh on Thursday April 14, 2016 @08:51AM
(#11496196)
That's going to be a very small set of frequent-travelling professionals.
No it's not. It's a huge swath of technology workers (and other professionals) that live in cities with expensive housing. Many of the commenters on HN fall into this exact category!
You're right about savings & investment income, but that won't have anything to do with your deduction status for most people.
That's going to be a very small set of frequent-travelling professionals. Also, having a top 5% income but no savings/investment income from previous years of saved top 5% income seems unlikely.