Mr. X believes that he is an accredited investor and can make an investment in affirm which will garner him an Angel Tax Credit on his income tax return. Mr. X is not married and will make $190,000 in salary this year. Mr. X also has a net worth of $1.4 million in savings, securities and a home valued at $450,000. According to the SEC & IRS rules is Mr. X considered an accredited investor for the purposes of the Angel Tax Credit? Please explain the reasoning as to why you answered yes or no.