About 45,000 of California's 12 million households cumulatively earn 15 percent of the state's income, according to new tax return figures from the Franchise Tax Board.
Each of those households reported earning more than $1 million on their 2012 tax returns. Their ranks have grown for three consecutive years. And, since 2012 tax returns mostly cover income earned in 2011, the number of million-dollar earners has likely continued to increase as the stock market has risen.
Read more at the Bee: http://www.sacbee.com/2013/12/03/5966816/more-californians-make-1-million.html