What it takes to be in the top 1% of earners in each state
- New Jersey overtakes New York. New York ranked No. 3 in last year's edition, with residents needing $777,126 to be a top 1% taxpayer, while New J...
March 15, 2023
4:40 AM
- New Jersey overtakes New York. New York ranked No. 3 in last year's edition, with residents needing $777,126 to be a top 1% taxpayer, while New Jersey followed with $760,462. This year, New Jersey outpaces New York's top 1% by $8,168. - In this one state, you'll need to earn more than $900,000 to be in the top 1%. That state is Connecticut. The top 1% of taxpayers here have the highest average tax burden (27.77%). Residents in the next highest state need roughly $58,300 less to be a top 1% taxpayer.
Anja Solum