New York is growing its share of the nation’s millionaires, even as Texas and Florida’s declined, despite boasting about their ability to poach the country’s top earners and businesses from deep-blue bastions.
New research from the independent budget watchdog group Citizens Budget Commission showed the state’s number of high-earning residents notched up in 2023, the last year data is available from the Internal Revenue Service.
New York now contains 9% of the country’s millionaires, up from 8.7% in 2022. That translates to 1,900 more millionaires in 2023 compared with 2022, while New York City’s millionaire class grew by 542 people. …