TaxStats for postcode 4120 FY2013

Postcode 4120 includes Greenslopes, Stones Corner in Queensland, and is in the federal electorate of Griffith.

In FY 2013 the ATO recorded 5,855 individuals in postcode 4120. Of these people, 5,830 made a taxable income or loss. 4,945 of the population paid a gross amount of tax. After tax offsets, 4,685 people actually paid a net amount of tax. There were 1,145 non-taxable people who paid net tax of $0.

Compare TaxStats of 4120 with QLD

4120 TaxStats FY2013%Ppl#Ppl4120
Total Individuals100%5,855
Salary or Wage 87%5,070$56,513$286,519,290
Gross Interest60%3,520$1,407$4,954,122
Unfranked Dividends7%430$652$280,346
Franked Dividends16%955$5,599$5,347,158
Dividend Franking Credit16%955$2,399$2,290,574
Capital Gains4%210$27,140$5,699,313
Termination Payouts2%135$10,153$1,370,629
Tips/Directors Fees etc17%995$4,122$4,101,617
Business Income9%540$23,944$12,929,873
Foreign Income6%345$851$293,534
Government payments7%415$5,508$2,285,915
Government pensions2%145$9,970$1,445,618
Total Income or Loss100%5,835$60,577$353,468,476
Charitable Gifts37%2,140$432$924,403
Cost of Tax Affairs43%2,505$322$806,090
Work Car expenses24%1,385$2,638$3,653,668
Work Travel expenses11%655$1,120$733,816
Self Education expenses6%355$2,446$868,279
Total Deductions82%4,805$2,986$14,346,161
Taxable Income100%5,830$58,086$338,640,512
Medicare Levy 76%4,445$1,048$4,657,396
Medicare Surcharge 2%100$1,097$109,658
Gross Tax 84%4,945$14,590$72,147,379
Net Tax 80%4,685$15,950$74,727,410
Average Tax 100%5,855 $12,763$74,727,410
Gross Tax Rate 84%4,945 25%$72,147,379
Net Tax Rate 80%4,685 27%$74,727,410
Average Tax Rate 100%5,855 22%$74,727,410
%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 $58,086. It is estimated that the average taxable income for people who paid a net amount of tax was $69349.

The average net tax paid was $15,950. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 4,445 people for an average of $1,048. 100 people paid $1,097 on average more for the Medicare surcharge.

5,070 people earned a salary or wage and took home an average of $56,513 each.

Government allowance and payments were collected by 415 people for on average $5,508. 145 people received the pension or other allowance.

Charitable gifts and donations of an average of $432 were made by 2,140 people.

The costs of tax affairs for 2,505 people were claimed for $322 each.