Press release No. 223 of 31 May 2022
- Number of taxpayers with an income of one million euros or more rose by 1,500 on 2017
- Income millionaires achieved average annual income of 2.6 million euros
- Concentration of millionaires highest in Hamburg and Bayern and lowest in Sachsen-Anhalt and Thüringen
WIESBADEN – In 2018, just under 26,300 of all people registered as wage or income tax payers in Germany had an income of at least one million euros. This was an increase of just over 1,500 income millionaires compared with 2017. The Federal Statistical Office (Destatis) reports that income from a business establishment was the main source of income for 15,500 (59%) of those taxpayers. Another 5,200 (20%) received their income mainly from dependent employment and 4,000 (15%) from self-employment. Other types of income play a minor role. As regards income from capital, it has no longer been possible to provide complete data since the final withholding tax was introduced in 2009.
