Connecticut, which has the highest income needed to be in the 1%, also has the highest effective tax rate of 28.4%, followed by New York at 28.29%

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Certain Southern states exhibit lower income thresholds, necessitating a relatively lesser income to qualify in the top 1%.

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The top 1% income disparity between states is so huge that to be classified in the top 1%, an individual must earn nearly three times the income in Connecticut compared to West Virginia highlighting the difference between HCOL vs. LCOL areas.

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