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The number of millionaires in Germany is increasing - most live in this German city

2020-05-29T10:04:37.266Z

The number of millionaires of income has risen in Germany. That's how high their average income is - and that's where most of them live.



The number of millionaires of income has risen in Germany. That's how high their average income is - and that's where most of them live.

  • Most income millionaires live in Hamburg .
  • According to the Federal Statistical Office, the number of millionaires has increased.
  • That's the average income these millionaires have.

Number of millionaires in Germany is increasing

Who earns the million in Germany ? There are new numbers. First of all: In Germany the number of people taxing more than one million euros of income * a year is increasing . In 2016 there were 22,900 tax residents, 1,700 more than a year earlier, as the Federal Statistical Office reported. On average, they reported an income of 2.7 million euros . You should be a millionaire .

Most income millionaires are in Hamburg

Many of them live far up north: Based on the total number of taxpayers , most income millionaires live in  Hamburg , where a good one in every thousand has more than one million euros  in their accounts. In Saxony-Anhalt , only every ten thousandth can do this.

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The highest tax rate of 45 percent - the so-called wealth tax - had to be paid by 102,000 citizens. These 0.25 percent of the taxpayers accounted for 6.5 percent of the total income and 13.0 percent of the tax amount. This limit applied in 2016 with taxable income of EUR 254,447 or EUR 508,894 for persons assessed together.

Millionaires in Germany - tax rate of 45 percent

In the meantime, the rate of 45 percent applies from an annual taxable income of EUR 270,501 . That means that everything over 270,501 euros is taxed at 45 percent. The amounts double for persons assessed together.

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Also interesting: You have to do these things to get rich - and stay

Source: dpa, Welt.de

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* Merkur.de is part of the nationwide Ippen-Digital editors network.

Source: merkur

All life articles on 2020-05-29

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