More residents report income of $ 1 million

More North Dakota residents reported incomes of $1 million or more last year thanks to the state’s booming oil patch. The number of people reporting income of $1 million or more increased by 18.5 percent last year, according to the state Tax Department. More than 470 people reported adjusted gross income of more than $1 million on their 2008 individual tax returns, compared to nearly 400 reporting that income on their 2007 returns, the agency said.

By: By James MacPherson, The Associated Press , The Jamestown Sun