TaxStats for postcode 4217 FY2013

Postcode 4217 includes Benowa, Bundall, Bundall Bc, Bundall Dc, Chevron Island, Gold Coast Mc, Isle Of Capri, Main Beach, Surfers Paradise in Queensland, and is in the federal electorate of Moncrieff.

In FY 2013 the ATO recorded 24,095 individuals in postcode 4217. Of these people, 23,785 made a taxable income or loss. 18,140 of the population paid a gross amount of tax. After tax offsets, 16,230 people actually paid a net amount of tax. There were 7,555 non-taxable people who paid net tax of $0.

Compare TaxStats of 4217 with QLD

4217 TaxStats FY2013%Ppl#Ppl4217
Total Individuals100%24,095
Salary or Wage 70%16,885$48,321$815,892,038
Gross Interest53%12,820$3,459$44,343,147
Unfranked Dividends7%1,740$1,250$2,175,186
Franked Dividends20%4,725$19,608$92,645,956
Dividend Franking Credit20%4,700$8,446$39,696,575
Capital Gains4%940$39,900$37,505,963
Termination Payouts2%460$9,906$4,556,879
Tips/Directors Fees etc15%3,585$6,878$24,656,036
Business Income10%2,395$27,679$66,290,872
Foreign Income5%1,280$6,063$7,760,024
Government payments8%1,830$5,700$10,430,656
Government pensions5%1,260$9,352$11,783,859
Total Income or Loss99%23,950$57,740$1,382,864,454
Charitable Gifts23%5,440$854$4,644,979
Cost of Tax Affairs45%10,810$584$6,309,899
Work Car expenses23%5,590$3,115$17,411,416
Work Travel expenses10%2,310$2,008$4,637,903
Self Education expenses4%965$2,128$2,053,672
Total Deductions74%17,810$3,938$70,144,515
Taxable Income99%23,785$54,821$1,303,923,122
Medicare Levy 63%15,150$1,149$17,401,235
Medicare Surcharge 1%355$1,391$493,858
Gross Tax 75%18,140$16,622$301,517,515
Net Tax 67%16,230$18,906$306,849,709
Average Tax 100%24,095 $12,735$306,849,709
Gross Tax Rate 75%18,140 30%$301,517,515
Net Tax Rate 67%16,230 34%$306,849,709
Average Tax Rate 100%24,095 23%$306,849,709
%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 $54,821. It is estimated that the average taxable income for people who paid a net amount of tax was $74754.

The average net tax paid was $18,906. This equates to an average tax of 34 cents in the dollar on taxable income.

The Medicare levy was paid by 15,150 people for an average of $1,149. 355 people paid $1,391 on average more for the Medicare surcharge.

16,885 people earned a salary or wage and took home an average of $48,321 each.

Government allowance and payments were collected by 1,830 people for on average $5,700. 1,260 people received the pension or other allowance.

Charitable gifts and donations of an average of $854 were made by 5,440 people.

The costs of tax affairs for 10,810 people were claimed for $584 each.