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Saxony Counts 599 Income Millionaires in 2021 After Sharp Year-Over-Year Rise

The figures reflect 2021 tax assessments, the latest available owing to lengthy processing.

Overview

  • Official data show an increase from 490 income millionaires in 2020 to 599 in 2021 in Saxony.
  • Leipzig had the most high earners with 125, followed by Dresden with 109 and Chemnitz with 37.
  • The number has climbed over the past decade, from 178 in 2010 to 329 in 2016 and 490 in 2020.
  • Nationally, income millionaires rose from 29,345 in 2020 to 34,509 in 2021, with North Rhine–Westphalia, Bavaria and Baden-Württemberg leading the state rankings.
  • Saxony’s total sits within a pool of roughly two million taxpayers, and neighboring states reported lower counts such as 283 in Saxony-Anhalt, 239 in Thuringia and 463 in Brandenburg.