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10 States With the Largest Increases in Million-Dollar Earners

Money Talks News Logo By Ben Geier of Money Talks News | Slide 1 of 12: This story originally appeared on SmartAsset.com. The number of Americans pulling in seven figures a year is on the rise. IRS data shows that fewer than 3 in 1,000 taxpayers earned over $1 million in 2018, up from fewer than 2 in 1,000 back in 2013. Those who have the good fortune of clearing the $1 million mark in annual income, or those looking to be strategic about reaching this threshold, may find it useful to consult a professional financial adviser. SmartAsset wanted to find out where millionaires are growing the fastest, so we identified the states with the largest increases in million-dollar earners. To do this, we compared the number of tax returns filed by people earning at least $1 million in 2013 with the total in 2018. For details on our data sources and how we put all the information together to create our final rankings, check out the Data and Methodology section below. This is the second time SmartAsset has crunched data on million-dollar earners. Here’s the link to the first study. It’s not the usual blah, blah, blah. Click here to sign up for our free newsletter. Sponsored: How to find cheaper car insurance in minutes Getting a better deal on car insurance doesn’t have to be hard. You can have The Zebra, an insurance comparison site, compare quotes in just a few minutes and find you the best rates. Consumers save up to $670 per year, according to the site, so if you’re ready to secure your new rate, get started now.

10 States With the Largest Increases in Million-Dollar Earners

This story originally appeared on SmartAsset.com.

The number of Americans pulling in seven figures a year is on the rise. IRS data shows that fewer than 3 in 1,000 taxpayers earned over $1 million in 2018, up from fewer than 2 in 1,000 back in 2013. Those who have the good fortune of clearing the $1 million mark in annual income, or those looking to be strategic about reaching this threshold, may find it useful to consult a professional financial adviser. SmartAsset wanted to find out where millionaires are growing the fastest, so we identified the states with the largest increases in million-dollar earners.

To do this, we compared the number of tax returns filed by people earning at least $1 million in 2013 with the total in 2018. For details on our data sources and how we put all the information together to create our final rankings, check out the Data and Methodology section below.

This is the second time SmartAsset has crunched data on million-dollar earners. Here’s the link to the first study.

It’s not the usual blah, blah, blah. Click here to sign up for our free newsletter.

Sponsored: How to find cheaper car insurance in minutes

Getting a better deal on car insurance doesn’t have to be hard. You can have The Zebra, an insurance comparison site, compare quotes in just a few minutes and find you the best rates. Consumers save up to $670 per year, according to the site, so if you’re ready to secure your new rate, get started now.

© Jacob Lund / Shutterstock.com

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