America's Millionaire Capitals

Where do this country’s most prosperous citizens hang out? How much money do they have? President Obama wants them to pay a bit more in taxes. But how much are they coughing up now?
Answers to these questions can be extracted from a little-utilized IRS database of income tax statistics. The file sorts tax returns by income range and by zip code.
Wary of releasing any data that might reveal something about individual taxpayers, the IRS slices its statistics into broad ranges. In this data set the top tier of income is $200,000 and up. Except, perhaps, to a politician looking for revenue increases, this scarcely qualifies a taxpayer as wealthy.

No. 5 - Kings Point, N.Y.

Kings Point, NY is No. 5 in highest net worth. Photo: Trulia.com

These building lots on Gatsby Lane are listed at $18 million. If you build there, you will have high-bracket neighbors averaging $21.8 million in net worth.


No. 4 - Palm Beach, Fla.

Palm Beach, FL, famous for millionaires is in 4th place. Photo: Zillow

This Mediterranean-style home, built in 1926, has a $17.9 million price tag. Average high-bracket net worth in the neighborhood: $23.3 million.


No. 3 - Medina, Wash.

Medina, WA is No. 3 for highest net worth. Photo: Zillow

This four-bedroom at $6.9 million has a view and has Bill Gates living nearby. He is probably one reason the average net worth for high-bracket taxpayers is $25.5 million.


No. 2 - Alpine, N.J.

Alpine NJ is No. 2 in highest net worth. Photo: Zillow

This house comes with a heated driveway for $34 million. Average upper-bracket net worth in Alpine: $27.5 million.


No. 1 - Fisher Island, Fla.

Fisher Island, FL is No. 1 for both highest net worth & income.