In Massachusetts, 42 out of every 10,000 taxpayers, or 0.42 percent, makes more than $1 million a year, the fourth-highest rate of millionaires in the country, according to a study of 2013 tax returns by the personal finance website MoneyRates.com.
Connecticut had the highest rate, with 63 of 10,000 taxpayers earning $1 million-plus, followed by the District of Columbia and New York.
The study also looked at the lowest earners and found that Mississippi had the highest rate of taxpayers earning less than $25,000 a year, at nearly 49 percent, followed by Florida and New Mexico.
Florida was the only state to make the top 10 list on both ends of the spectrum, with .31 percent making more than $1 million a year and nearly 47 percent making less than $25,000.
Nationwide, million-dollar earners make up 0.27 percent of all taxpayers, while those earning less than $25,000 make up 41 percent, according to the study. In other words, for every person earning $1 million or more a year, 150 people are making $25,000 or less.
|2||District of Columbia||0.55%|