Drill, baby, drill: Number of North Dakota millionaires increases

BISMARCK, N.D. (AP) – The state Tax Department says a record number of North Dakotans reported seven-figure incomes last year, many of whom are benefiting from the state’s oil bonanza.

Figures released to The Associated Press show a record 634 people reported incomes of more than $1 million on their 2011 individual tax returns. That’s up from 532 in 2010.