Number of U.S. Millionaires Increased by 41 Percent in 2022

New figures from the Internal Revenue Service (IRS) show that the number of American citizens who report more than $1 million in income have jumped by a staggering 41 percent this year alone.

As reported by Politico, the IRS claims to have processed up to 387,840 returns reporting seven-figure incomes by mid-July; at the same time last year, the agency only found 274,879. The increase has been attributed to a strong performance on Wall Street last year, before the inflation crisis hit; in 2022 thus far, millionaires reported a collective total of $252.5 billion in capital gains, 80 percent higher compared to the previous year. In addition, millionaires’ salaries and wages rose by 45 percent.

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Crom’s Commentary: ‘If You Want a Great Big Government Like the Democrats Want, Then You Can’t Keep Very Much of What You Have’

Vice President Kamala Harris participates in a meeting on her upcoming trip to Vietnam and Singapore in her ceremonial office in the Eisenhower Executive Office Building, Monday, August 9, 2021. (Official White House Photo by Lawrence Jackson)

Monday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed all-star panelist Crom Carmichael in studio for another edition of Crom’s Commentary.

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Crom Carmichael Explains Infrastructure Spending, Billionaire Special Interests and the Redistribution of Income

Friday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed the original all-star panelist Crom Carmichael to the studio to weigh in on the special interest-driven infrastructure bill and the redistribution of income.

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Bernie Sanders Admits He’s a Millionaire

by Peter Hasson   Vermont Sen. Bernie Sanders, a Democratic presidential candidate, admitted Tuesday that he is a part of the millionaire class. Sanders often rails against millionaires on the campaign stump and opened his 2016 presidential campaign by bragging that he didn’t “have millionaire or billionaire friends.” But Sanders…

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