Connecticutâs $1M Club: Who Knew Millionaires Loved Tax Season?
In July 2025, SmartAsset decided to spill the tea on what it takes to make the 1% club in every US state. Spoiler alert: if you're in Connecticut and not earning at least $1,056,996 annually, youâre just a poor schmuck pretending. In contrast, West Virginians hit elite status at a modest $416,310, probably laughing all the way to their oversized pocketbook. States like California demand a wallet nearly $900k thick ($905,396) while Idaho comes in at $627,839. Oh, and the top 1% isn't some scarce mythical beastâ1.5 million households proudly wear this overachiever badge. All this data comes from IRS returns with inflation adjustments courtesy of the Bureau of Labor Statistics, ensuring your jealousy stays current. By July, tax season gossip went from dull to delicious, proving once again Americans are competitive even in suffering.
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If youâre raking in under $1,056,996 in Connecticut, congratsâyouâre just peasants at the millionaire table. Welcome to America, where the taxman knows your salary better than your therapist. Weâre all just terrible drivers trying to rent a Bugatti in a sedan world.
Turns out being âtop 1%â means vastly different things depending on your zip codeâConnecticut needs millionaires, West Virginia just wants folks who know how to open a wallet.
Nothing like a $731,492 income to feel special in America. Rich or not, weâre all just trying to dodge another IRS audit and keep the existential dread at bay.
Source: Businessinsider | Published: 10/3/2025 | Author: Kristine Villarroel
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