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That's very easy to imagine: - Have a job that pays enough to get you in the top 5% - Don't own a house - Live in one of the 7 states without an income t

• pjc50 11y ago
  - Have a job that pays enough to get you in the top 5% - Don't own a house 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.
  • harryh 11y ago
    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.
    • rconti 11y ago
      Not a lot of cities with expensive housing are in no-tax states though.