In 2014, the IRS reports about 8100 people filed tax returns in Michigan, reporting at least $1 million in adjusted gross income for that tax year. According to MLive.com, that number was up from 2010 when 4949 were over the $1 million mark. That 2014 number is not a lot - only 0.2% of the returns.

 

Those that made more than a million a year, made, on average, $2.9 million.

On the OTHER hand, 42% of the Michigan returns reported income of LESS than $25,000.

Which is why you can hear us checking lottery numbers every Wednesday and Thursday morning at 5:45AM.

Here's the story.

 

Banana Don and Stephanie McCoy amuse and thrill you every weekday morning from 5:30 – 10AM on the radio at 100.7 WITL.

Banana Don can be reached via email at don.jefferson@townsquaremedia.com and on Twitter at @WITLBananaDon and @WITLFM. Also, Facebook friend Banana Don and Stephanie at Facebook.com/BananaStephanie and Facebook.com/WITLFM.