See where wealth is concentrated in California
By Phillip Reese, Sacramento Bee
Like much of America, California’s wealth is concentrated among a small group of high-income earners. The state has 16 million households, and just 61,000 of them — 0.4 percent — together account for one-fifth of the state’s income, according to the latest tax return figures from the Franchise Tax Board.
About 9 of every 10,000 households in Sacramento County reported earnings of at least $1 million on 2014 returns, roughly one-fourth the statewide rate.
Placer, El Dorado and Yolo counties had rates two to three times as high, but still fell short of the statewide average.
