TaxStats for postcode 4110 FY2013

Postcode 4110 includes Acacia Ridge, Acacia Ridge Bc, Acacia Ridge Dc, Heathwood, Larapinta, Pallara, Willawong in Queensland, and is in the federal electorate of Moreton.

In FY 2013 the ATO recorded 5,065 individuals in postcode 4110. Of these people, 5,045 made a taxable income or loss. 4,155 of the population paid a gross amount of tax. After tax offsets, 3,820 people actually paid a net amount of tax. There were 1,225 non-taxable people who paid net tax of $0.

Compare TaxStats of 4110 with QLD

4110 TaxStats FY2013%Ppl#Ppl4110
Total Individuals100%5,065
Salary or Wage 84%4,245$47,993$203,730,176
Gross Interest44%2,230$1,343$2,994,858
Unfranked Dividends5%230$494$113,538
Franked Dividends11%560$6,782$3,797,930
Dividend Franking Credit11%560$2,906$1,627,507
Capital Gains2%105$12,354$1,297,217
Termination Payouts3%130$6,434$836,371
Tips/Directors Fees etc19%975$3,403$3,318,266
Business Income8%420$20,829$8,748,032
Foreign Income2%125$2,281$285,143
Government payments10%485$5,288$2,564,888
Government pensions5%255$9,829$2,506,413
Total Income or Loss100%5,045$48,653$245,454,396
Charitable Gifts32%1,605$335$537,704
Cost of Tax Affairs46%2,355$259$610,206
Work Car expenses23%1,190$2,754$3,277,280
Work Travel expenses10%485$1,663$806,352
Self Education expenses5%255$1,490$379,868
Total Deductions82%4,175$2,631$10,986,332
Taxable Income100%5,045$46,371$233,940,696
Medicare Levy 71%3,585$861$3,086,160
Medicare Surcharge 1%65$1,147$74,584
Gross Tax 82%4,155$10,041$41,719,182
Net Tax 75%3,820$11,153$42,603,903
Average Tax 100%5,065 $8,411$42,603,903
Gross Tax Rate 82%4,155 22%$41,719,182
Net Tax Rate 75%3,820 24%$42,603,903
Average Tax Rate 100%5,065 18%$42,603,903
%PPL is rounded Percentage of total individuals used in the average (AVG).
#PPL is the number of individuals used to calculate the average (AVG).
*Tax Rates calculated from Taxable Income.
*Treat each stat/line item separately. Columns while related do not total due to different numbers of people used in each calculation.

The average taxable income was $46,371. It is estimated that the average taxable income for people who paid a net amount of tax was $57393.

The average net tax paid was $11,153. This equates to an average tax of 24 cents in the dollar on taxable income.

The Medicare levy was paid by 3,585 people for an average of $861. 65 people paid $1,147 on average more for the Medicare surcharge.

4,245 people earned a salary or wage and took home an average of $47,993 each.

Government allowance and payments were collected by 485 people for on average $5,288. 255 people received the pension or other allowance.

Charitable gifts and donations of an average of $335 were made by 1,605 people.

The costs of tax affairs for 2,355 people were claimed for $259 each.