Million-dollar earners making a comeback, tax returns show – Life Inc.

Million-dollar earners making a comeback, tax returns show – Life Inc..

Nader Nazemi

The Tax Foundation has a fascinating new post looking at the latest IRS data on “millionaires,” by which it means taxpayers who report more than $1 million in annual income.

The number of million-dollar earners fell 40 percent in the financial industry meltdown and Great Recession of 2007-2009 before making a comeback in 2010, the most recent year available.

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