Wealth Tax Rates Necessary To Satisfy Apportionment
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Asset information based on IRS, Statistics of Income Division, Table 6--Personal Wealth 2013--Top Wealth Holders with Net Worth of $5 Million or More, https://www.irs.gov/pub/cmpsrc/13pw06es.xlshttps://www.irs.gov/pub/cmpsrc/13pw06es.xls.
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Population information based on U.S. Census Bureau, Population Division, Table 1--Annual Estimates of the Resident Population for the United States, Regions, States, and Puerto Rico: April 1, 2010 to July 1, 2016 (NST-EST2016-01), https://www2.census.gov/programs-surveys/popest/tables/2010-2016/state/totals/nst-est2016-01.xlsx
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Net Worth Over $5 Million (Column F) calculated by subtracting Column C from Column B*$5 (million)
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Ratio to Connecticut (Column I) shows in-state rate as a multiple of Connecticut rate necessary to satisfy apportionment
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Note: Calculation assumes wealth tax sets in at net worth of $5 million. Higher thresholds would likely lead to more skewed results
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State of residenceNet worthPopulation
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Number
Amount (million)
Population
Percentage Population
Net Worth Over $5 Million (million)
Percentage National Net Worth Over $5 Million
Ratio of Population to Net Worth Over $5 Million (percentages)
Ratio to Connecticut
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Alabama4,115$55,8644,829,4791.53%$35,2890.86%1.7675.53
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Alaska2,648$19,056736,8790.23%$5,8160.14%1.6365.12
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Arizona5,345$65,3836,624,6172.10%$38,6580.95%2.2126.93
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Arkansas1,342$19,7832,958,6630.94%$13,0730.32%2.9229.15
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California78,413$1,123,89538,335,20312.12%$731,83017.93%.6762.12
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Colorado4,962$92,4845,267,6031.67%$67,6741.66%1.0053.15
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Connecticut12,316$207,0033,596,0031.14%$145,4233.56%.3191.00
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Delaware350$3,571925,3950.29%$1,8210.04%6.5620.55
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District of Columbia
4,993$46,716649,1650.21%$21,7510.53%.3851.21
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Florida36,703$617,81719,582,0226.19%$434,30210.64%.5821.82
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Georgia10,149$108,7769,984,9383.16%$58,0311.42%2.2216.96
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Hawaii826$13,0661,406,4810.44%$8,9360.22%2.0326.37
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Idaho2,660$28,1871,612,0110.51%$14,8870.36%1.3984.38
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Illinois17,597$240,63012,879,5054.07%$152,6453.74%1.0893.41
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Indiana5,416$66,8776,569,1022.08%$39,7970.97%2.1316.68
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Iowa4,448$75,0253,091,9300.98%$52,7851.29%.7562.37
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Kansas5,643$61,0542,892,8210.91%$32,8390.80%1.1373.56
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Kentucky3,288$55,8284,400,4771.39%$39,3880.96%1.4424.52
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Louisiana3,611$40,6274,626,4021.46%$22,5720.55%2.6468.29
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Maine4,335$37,1561,329,0760.42%$15,4810.38%1.1083.47
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Maryland7,792$118,3165,931,1291.88%$79,3561.94%.9653.02
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Massachusetts12,383$158,8926,706,7862.12%$96,9772.38%.8932.80
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Michigan8,535$98,1919,898,9823.13%$55,5161.36%2.3027.21
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Minnesota11,323$145,5415,418,5211.71%$88,9262.18%.7872.46
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Mississippi2,340$32,6782,990,4820.95%$20,9780.51%1.845.76
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Missouri3,899$113,6896,042,7111.91%$94,1942.31%.8282.59
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Montana1,073$45,5271,014,3140.32%$40,1620.98%.3261.02
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Nebraska3,299$59,5271,868,5590.59%$43,0321.05%.5611.76
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Nevada3,383$78,8222,786,4640.88%$61,9071.52%.5811.82
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New Hampshire
1,684$20,7981,322,6870.42%$12,3780.30%1.3794.32
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New Jersey13,957$200,8598,899,1622.81%$131,0743.21%.8762.75
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New Mexico4,763$34,4112,085,1930.66%$10,5960.26%2.547.96
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New York53,038$712,27619,673,5466.22%$447,08610.95%.5681.78
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North Carolina11,931$113,3219,841,5903.11%$53,6661.31%2.3677.42
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North Dakota2,877$22,144724,0190.23%$7,7590.19%1.2053.77
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Ohio10,861$116,39411,570,0223.66%$62,0891.52%2.4067.54
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Oklahoma9,960$80,4323,852,4151.22%$30,6320.75%1.6235.09
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Oregon3,115$33,3123,925,7511.24%$17,7370.43%2.8578.95
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Pennsylvania13,428$194,66512,781,3384.04%$127,5253.12%1.2944.05
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Rhode Island2,322$21,1511,053,0330.33%$9,5410.23%1.4254.46
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South Carolina7,889$91,0764,767,8941.51%$51,6311.26%1.1923.73
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South Dakota1,165$14,388844,9220.27%$8,5630.21%1.2743.99
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Tennessee4,716$48,5676,494,8212.05%$24,9870.61%3.35510.51
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Texas41,736$530,58126,473,5258.37%$321,9017.89%1.0623.33
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Utah1,701$27,1812,902,6630.92%$18,6760.46%2.0066.29
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Vermont2,287$26,514627,1400.20%$15,0790.37%.5371.68
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Virginia11,208$137,8688,262,6922.61%$81,8282.00%1.3034.08
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Washington10,303$128,3566,968,0062.20%$76,8411.88%1.1713.67
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West Virginia613$6,6531,853,2310.59%$3,5880.09%6.66820.89
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Wisconsin4,722$63,5505,742,8541.82%$39,9400.98%1.8565.81
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Wyoming1,412$21,746582,6840.18%$14,6860.36%.5121.60
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Total excluding outlying areas
$6,476,224316,204,908100.00%$4,081,849100.00%
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