Gannett’s Albany Bureau reported today how the number of New York tax filers earning more than $1 million a year dropped a whopping 22 percent in 2009 during the recession, according to the state Department of Taxation and Finance.
We put together this database that shows how many millionaires each county had in 2009 and a percentage increase or decrease in the number of people earning more than $200,000 in 2008 and 2009.
Overall, New Yorkers earning more than $200,000 in adjusted gross income fell 8 percent between 2008 and 2009, a drop from 321,174 filers to 294,287 filers. The state had 8,064 fewer millionaire filers in 2009 than in 2008, falling from 35,908 to 27,844, the records analyzed by Gannett’s Albany Bureau showed.
Manhattan had the most millionaire filers, a total of 12,415 in 2009—a decline of 24 percent from 2008. Westchester County had the second most at 5,145 filers in 2009, down 1,510 from 2008 and a drop of 23 percent.
Upstate also saw its share in the decline of high-income earners during the recession, which officially ran from December 2007 through June 2009.