TaxStats for postcode 4218 FY2013

Postcode 4218 includes Broadbeach, Broadbeach Waters, Mermaid Beach, Mermaid Waters, Nobby Beach, Nobby Beach, Pacific Fair, Q Supercentre in Queensland, and is in the federal electorate of Moncrieff.

In FY 2013 the ATO recorded 20,130 individuals in postcode 4218. Of these people, 19,960 made a taxable income or loss. 16,095 of the population paid a gross amount of tax. After tax offsets, 14,615 people actually paid a net amount of tax. There were 5,345 non-taxable people who paid net tax of $0.

Compare TaxStats of 4218 with QLD

4218 TaxStats FY2013%Ppl#Ppl4218
Total Individuals100%20,130
Salary or Wage 73%14,645$50,319$736,923,520
Gross Interest54%10,880$2,715$29,539,484
Unfranked Dividends8%1,560$989$1,542,943
Franked Dividends20%4,060$14,495$58,850,956
Dividend Franking Credit20%4,050$6,228$25,223,168
Capital Gains4%830$16,425$13,632,775
Termination Payouts2%430$8,903$3,828,297
Tips/Directors Fees etc17%3,340$5,654$18,883,943
Business Income11%2,190$23,172$50,746,881
Foreign Income5%1,020$2,350$2,396,605
Government payments8%1,655$5,459$9,034,737
Government pensions5%1,100$9,480$10,427,717
Total Income or Loss100%20,050$56,084$1,124,490,701
Charitable Gifts28%5,560$502$2,793,665
Cost of Tax Affairs48%9,710$443$4,303,383
Work Car expenses28%5,650$3,119$17,623,971
Work Travel expenses12%2,325$2,047$4,759,246
Self Education expenses4%880$2,108$1,854,694
Total Deductions79%15,970$4,066$64,927,803
Taxable Income99%19,960$52,853$1,054,953,189
Medicare Levy 69%13,955$1,019$14,221,203
Medicare Surcharge 2%365$1,339$488,601
Gross Tax 80%16,095$13,811$222,280,389
Net Tax 73%14,615$15,491$226,404,112
Average Tax 100%20,130 $11,247$226,404,112
Gross Tax Rate 80%16,095 26%$222,280,389
Net Tax Rate 73%14,615 29%$226,404,112
Average Tax Rate 100%20,130 21%$226,404,112
%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 $52,853. It is estimated that the average taxable income for people who paid a net amount of tax was $67794.

The average net tax paid was $15,491. This equates to an average tax of 29 cents in the dollar on taxable income.

The Medicare levy was paid by 13,955 people for an average of $1,019. 365 people paid $1,339 on average more for the Medicare surcharge.

14,645 people earned a salary or wage and took home an average of $50,319 each.

Government allowance and payments were collected by 1,655 people for on average $5,459. 1,100 people received the pension or other allowance.

Charitable gifts and donations of an average of $502 were made by 5,560 people.

The costs of tax affairs for 9,710 people were claimed for $443 each.