They earn over a million francs a year – that's where they live (cross-border guide)

Context

In a nutshell

• Zurich has 482 millionaires of income
• Zug has 431 millionaires of income
• Lugano has 99 millionaires of income

Key facts

• What: Distribution of income millionaires in Switzerland
• When: 2022 data
• Where: Zurich, Zug, Lugano
• Who: Federal Tax Administration
• Amount:7,666 millionaires of income in Switzerland

Zurich is in the lead, with 482 millionaires in income, followed by Zug. But Lugano also stands out, with 99 millionaires of income.

BERN - They collect over a million francs a year. And in Switzerland it's 7,666. This is according to the latest data published by the Federal Tax Administration, dating back to 2022. But where do these super-rich people live? This is revealed by an analysis of the Blick.

At the municipal level, the city of Zurich tops the list with 482 millionaires of income. Zug follows, with 431...but on a much lower total number of taxpayers: 19,246. In third place, with a certain distance, we then find Geneva, with 272 millionaires of income.

Fourth and fifth places go instead to two decidedly smaller municipalities, both located in the canton of Schwyz and with a paradisiacal view of Lake Zurich: Freienbach, with 251 ducks out of about 16,000 inhabitants, and Wollerau with 208 out of a total of less than 7,000 inhabitants.

Our Lugano, on the other hand, stands out in 12th place overall, with 99 millionaires in income.

Finally, with regard to mountain municipalities, at the Swiss level we

Operational details

Cantonal distribution

As far as data at the cantonal level is concerned, Zurich remains in first place, with 2,013 people with an annual income of more than one million, followed by Geneva (883), Zug (860), Schwyz (774) and Vaud (673). At the Ticino level, on the other hand, the total figure is 280 millionaires in income.

The lowest density of ultra-rich people is recorded in the cantons of Uri and Jura, with less than three millionaires in income per 10,000 taxpayers. Limited numbers are also recorded in Bern, Solothurn, Aargau and Fribourg, with four millionaires in income per 10,000 inhabitants.

Practical implications

This data reveals how wealth is concentrated in certain areas of Switzerland. Zurich, in particular, emerges as the financial center of the country, with the highest number of millionaires in income. This could affect the real estate market and the services offered in these cities, making them more expensive than other areas of the country.

Comparison with other regions

Lugano, despite its more peripheral location than Zurich and Geneva, manages to stand out with 99 millionaires in income. This may be due to its strategic position as the financial center of Ticino and its proximity to Italy.

Mountain Community

Mountain municipalities such as Saanen, Verbier, St. Moritz, Engelberg, and Crans-Montana show a significant presence of income millionaires. This could be attributed to their attractiveness as luxury tourist destinations and the quality of life they offer.

Income Millionaire Density

The lowest density of income millionaires is recorded in the cantons of Uri and Jura, with less than three income millionaires per 10,000 taxpayers. This may be due to economic and geographical factors that make these regions less attractive to the super-rich.

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Key points

Procedure to verify your tax status

If you are interested in verifying your tax status in Switzerland, you can follow these steps:

1. Consult the Federal Tax Administration: Visit the website of the Federal Tax Administration for detailed information on your taxes. 2. Contact a tax advisor: A tax advisor can help you better understand your tax situation and optimize your taxes. 3. Use the tax calculator: Our tax calculator allows you to estimate your taxes based on your income and personal situation.

Useful tools

• Calcolatore fiscale
• Tax advisor
• Tax information

Final CTA

If you would like more information or assistance, please do not hesitate to contact us. Our team of experts is always available to help you navigate the complex world of Swiss taxes.

Frequently Asked Questions

1. Where can I find more information about taxes in Switzerland? You can visit the website of the Federal Tax Administration or contact a tax advisor. 2. How can I optimize my taxes? A tax advisor can help you identify tax optimization opportunities based on your personal situation. 3. What are the benefits of using a tax calculator? A tax calculator allows you to estimate your taxes quickly and accurately, helping you plan your finances better.

Source: tio.ch