New IRS Data Finds California is Gaining More Millionaires Despite Record Outbound Migration

By News on the Net -- California Globe —— Bio and Archives March 15, 2024

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New findings by Bloomberg via IRS data have found that, despite a significant exodus of residents from California since the late 2010s causing overall state population loss, California has continued to make more millionaires during the same time frame, with the number of residents making more than $1 million a year in the state going up by 66% from 2019 to 2021. ---More...