• The number of Americans reporting more than $1 million in income is up this year by a whopping 41 percent, new IRS figures show.
• The agency said it processed 387,840 returns showing seven-figure incomes by mid-July, compared with 274,879 during the same time last year.
• The increase, outstripping gains seen further down the income ladder, appears to be fueled in part by the run up last year on Wall Street.

Tagged: Biden's America