Report via TRAC – “Where you reside has had a major impact on the relative change in prosperity families experience as reflected in the income reported on federal 1040 income tax returns. Using the latest figures reported by the Internal Revenue Service, and comparing these to returns filed a decade earlier, some counties saw a doubling of average adjusted gross incomes while taxpayers in other counties experienced declines. For the U.S. as a whole, the average adjusted gross income (AGI) reported on a return grew by $16,735, from $55,361 for returns filed during 2008 to $72,096 for those filed in 2018. This translates into a growth rate, not adjusting for inflation, of 30.2 percent. Individual counties, however, often experienced quite different changes during this same period. The range in dollar change in a county’s respective AGI was as high as $123,096 all the way down to a decline in AGI of -$71,059. In fact, 69 out of the 3,146 counties in the nation experienced a decline in reported AGI…”