TaxStats for postcode 4223 FY2013

Postcode 4223 includes Currumbin, Currumbin Dc, Currumbin Valley, Currumbin Waters in Queensland, and is in the federal electorate of McPherson.

In FY 2013 the ATO recorded 8,175 individuals in postcode 4223. Of these people, 8,115 made a taxable income or loss. 6,535 of the population paid a gross amount of tax. After tax offsets, 5,890 people actually paid a net amount of tax. There were 2,225 non-taxable people who paid net tax of $0.

Compare TaxStats of 4223 with QLD

4223 TaxStats FY2013%Ppl#Ppl4223
Total Individuals100%8,175
Salary or Wage 73%5,960$50,127$298,757,837
Gross Interest56%4,560$2,185$9,961,424
Unfranked Dividends8%655$491$321,381
Franked Dividends21%1,725$11,113$19,170,686
Dividend Franking Credit21%1,725$4,762$8,215,276
Capital Gains4%300$8,598$2,579,404
Termination Payouts2%180$13,391$2,410,313
Tips/Directors Fees etc18%1,480$4,526$6,698,569
Business Income13%1,040$23,879$24,833,901
Foreign Income6%460$2,260$1,039,714
Government payments9%705$5,118$3,608,381
Government pensions6%510$9,541$4,866,162
Total Income or Loss100%8,145$55,543$452,397,235
Charitable Gifts29%2,385$361$861,702
Cost of Tax Affairs49%4,025$422$1,696,809
Work Car expenses29%2,345$2,698$6,326,648
Work Travel expenses10%855$2,590$2,214,629
Self Education expenses4%300$1,778$533,533
Total Deductions81%6,600$3,408$22,495,376
Taxable Income99%8,115$52,814$428,587,694
Medicare Levy 69%5,650$1,019$5,758,879
Medicare Surcharge 1%115$1,276$146,750
Gross Tax 80%6,535$13,888$90,757,104
Net Tax 72%5,890$15,579$91,762,057
Average Tax 100%8,175 $11,225$91,762,057
Gross Tax Rate 80%6,535 26%$90,757,104
Net Tax Rate 72%5,890 29%$91,762,057
Average Tax Rate 100%8,175 21%$91,762,057
%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 $52,814. It is estimated that the average taxable income for people who paid a net amount of tax was $68232.

The average net tax paid was $15,579. This equates to an average tax of 29 cents in the dollar on taxable income.

The Medicare levy was paid by 5,650 people for an average of $1,019. 115 people paid $1,276 on average more for the Medicare surcharge.

5,960 people earned a salary or wage and took home an average of $50,127 each.

Government allowance and payments were collected by 705 people for on average $5,118. 510 people received the pension or other allowance.

Charitable gifts and donations of an average of $361 were made by 2,385 people.

The costs of tax affairs for 4,025 people were claimed for $422 each.