Number of Top 1% Tax Returns by State in United States
The number of top 1% taxpayers varies significantly across the United States, with certain states like California, Texas, and Florida having the highest concentrations of high-income earners. California leads with a staggering 177,645 top 1% tax returns, followed by Texas with 126,128 and Florida with 101,940.
States with the Most Top 1% Taxpayers
California, with over 177,000 tax returns from the top 1%, is home to the highest number of high-income earners in the country. Other states like Texas, Florida, and New York also rank high, reflecting the larger and wealthier populations of these states.
Midwest and Southern States with Significant Top Earners
While California and Texas dominate, states in the Midwest and South, such as Pennsylvania and Illinois, still have significant numbers of top earners. Pennsylvania reports 59,123 tax returns, while Illinois has 56,796, showcasing the wealth distribution in these regions.
States with the Fewest Top 1% Taxpayers
States like Wyoming, Vermont, and North Dakota have fewer top earners, with Wyoming reporting just 2,616 top 1% tax returns. These states tend to have smaller populations and lower income disparities.
Taxpayer Distribution in the U.S.
The distribution of top 1% taxpayers highlights the significant concentration of high earners in major economic hubs like California and New York, while other states, particularly those in the Midwest and South, also contribute to the overall wealth of the country. This data reveals the growing disparities in income across the United States.