Wealthy people in the U.S. have scooted to where the sun shines, according to CNBC Make It.
The outlet referenced a Smart Asset analysis published in early August that shows where higher-income households moved between 2019 to 2020, using tax filing forms.
Where are wealthy people moving?
This might not shock you, but Florida was high on the list.
“No state is gaining more high-earning households than Florida, and it’s not even close,” Smart Asset wrote.
Smart asset defined “high income” as having an adjusted gross income of $200,000 or more. It calculated the inflow and outflow of these wealthy tax filers from 2019 to 2020 and then subtracted outflow from inflow, resulting in
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