Income millionaires - 2355 people in Hesse pay tax on millions in income
In Hessen, the number of people who paid more than one million Euro in taxes in a year has increased. In 2020, this applied to 2355 taxpayers, as reported by the Statistical State Office. This was 144 more people or 6.5% more than the previous year. No newer figures are available due to the lengthy tax proceedings.
On average, they paid taxes on income worth 2.5 million Euro. The tax authorities therefore received 2.2 billion Euro in taxes, an increase of approximately 10.9% compared to the previous year. The income came most frequently from non-self-employed work, renting, and business enterprises. Capital income was not considered.
According to absolute numbers, there are the most income millionaires in Frankfurt with 527 taxpayers. Wiesbaden follows with 136, and Bad Homburg with 114. However, the highest millionaire density prevails in the Taunus town of Königstein, with 60 income millionaires per 10,000 residents. Kronberg, its neighboring town, also has a significant number with 35, while Frankfurt has only 7 per 10,000 residents.
Statement by the Statistical State Office
- It's worth noting that Hesse's capital, Frankfurt, has the highest number of individuals with income exceeding one million Euro in taxes in any given year, falling under the tax category from Wiesbaden and Bad Homburg.
- When it comes to tax payments, the city of Wiesbaden in Hesse, after Frankfurt, has the second-highest number of taxpayers who reported income exceeding one million Euro, contributing significantly to the state's tax revenue.
- According to recent statistics, the income tax payments in Hesse, specifically in cities like Wiesbaden and Frankfurt, contribute significantly to the overall tax revenue, with wages from non-self-employed work, renting, and business enterprises being the primary sources of income for these taxpayers.
