October 13, 2022

Insider: These Are the Wealthiest US States, According to a New Report — and a Wealth Tax on the Country’s Richest Would Raise $415 Billion

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Wealth inequality has been on the rise over the last few decades, and some states have residents sitting on a whole lot of cash. A new report from the Institute on Taxation and Economic Policy finds that 30% of American wealth is held by households that have over $30 million in their coffers. That 0.25% of all households holds about $47 trillion combined. Read more.