ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
The number of seven-figure earners in Florida continues to increase at the same time as the metric trends down for most other U.S. states.
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Data from the Internal Revenue Service shows Florida tax filers who made at least $1 million in 2022 were up 8% from 2021 to 77,670, reinforcing the idea of wealth migration to Florida in recent years.
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In almost every other state there was a drop in seven-figure earners from 2021 to 2022. Nationally, million-dollar earners dropped -2%. This comes after a large percent gain in such earners as wages fluctuated during the pandemic.
Click here to read the full story on the Orlando Business Journal’s website.
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