Friday, August 4, 2023 11:07PM
HOUSTON, Texas — Not solely has Texas’ inhabitants exploded with new residents lately, however it’s been a sizzling spot for high-income households on the transfer. A brand new report says Texas has added extra rich new residents than some other state however Florida.
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In keeping with SmartAsset’s 2023 research “The place Excessive Earners Are Shifting,” 22,751 households who moved into Texas between 2020 and 2021 filed tax returns with a minimal adjusted gross revenue of $200,000 (the determine outlined as “excessive earner” within the report). In that very same time-frame, 13,743 high-earning taxpayers moved out of state.
This resulted in Texas seeing the second-highest inflow of rich newcomers within the U.S., totaling 9,008.
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