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Um, in the rush to try to politicize this somehow....people are overlooking the obvious that those are states with some of the highest real estate prices in the country.
So, a number of those millionaires probably just own their homes and then have some sundry other assets like 401k etc. I mean, all those people paying 500-600k for a mediocre place in San Fran have obviously made the family that bought the place back in the 1960's quite happy.
i just don't see the point of measuring $1 million annual income.
Your income is in no way an indicator of your true personal wealth.
I don't make crap as far as income, but my wealth and assets are well over a million.
This furthers the argument that blue states contribute more tax dollars than they get back simply because wealthy people (who pay the majority of income taxes) live in metro areas of blue states.
And chances are most of these rich people in blue states, paying the lion's share of taxes, are probably Republicans.
they are all "BLUE" states and you guys can cut it up anyways you want! There is no Mississippi or Alabama there!
Yet all the Jersians are moving to North Carolina, South Carolina, Georgia, and Florida. Cary near us is even referred to as the Concentrated Area of Relocated Yankees.
Question is, what percentage of the millionaires are as blue as the state? Hint: not very many.
Also, the states include tourist hot spots, defense contractor areas, and fat cat bankers and lobbyists.
Yesterday we had a post on another thread that showed many of the state politicians in Maryland who want to disarm the citizenry and today we get this one that shows that Maryland has all those millionaires. It gets better every day, it seems.
Isn't Maryland where Joe Biden communicated to DC from for years? Hmmmmm
This could probably go in the Finance or Business forum, but probably fits in this forum well enough, seeing as that virtually every topic can be made political.
states-most-millionaires-cnbc: Personal Finance News from Yahoo! Finance (http://finance.yahoo.com/real-estate/article/113718/states-most-millionaires-cnbc - broken link)
how about this as another measurement of where all the wealth is at:
Federal employees whose compensation averages more than $126,000 and the nation’s greatest concentration of lawyers helped Washington edge out San Jose as the wealthiest U.S. metropolitan area, government data show.
The U.S. capital has swapped top spots with Silicon Valley, according to recent Census Bureau figures, with the typical household in the Washington metro area earning $84,523 last year. The national median income for 2010 was $50,046.
HEY NO FAIR. I live in NJ and I am so far from being a millionaire! I better go sleep in a tent in my own feces and prove something!!
One of my ooooold Army buddies, from 1956 and 1957 lives in some suburb of Trenton and he swears he is anything but a millionaire. Maybe they don't count all of you when they consider millionaires.
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