TaxStats for postcode 4227 FY2013

Postcode 4227 includes Reedy Creek, Varsity Lakes in Queensland, and is in the federal electorate of McPherson.

In FY 2013 the ATO recorded 10,635 individuals in postcode 4227. Of these people, 10,570 made a taxable income or loss. 8,540 of the population paid a gross amount of tax. After tax offsets, 7,730 people actually paid a net amount of tax. There were 2,840 non-taxable people who paid net tax of $0.

Compare TaxStats of 4227 with QLD

4227 TaxStats FY2013%Ppl#Ppl4227
Total Individuals100%10,635
Salary or Wage 81%8,655$48,404$418,933,390
Gross Interest51%5,415$1,224$6,629,233
Unfranked Dividends4%455$808$367,689
Franked Dividends12%1,275$8,366$10,666,956
Dividend Franking Credit12%1,265$3,614$4,572,044
Capital Gains2%225$11,452$2,576,697
Termination Payouts3%270$10,116$2,731,202
Tips/Directors Fees etc18%1,945$5,101$9,921,923
Business Income11%1,145$19,690$22,544,758
Foreign Income3%315$2,362$744,038
Government payments10%1,110$5,208$5,780,573
Government pensions6%590$9,452$5,576,895
Total Income or Loss100%10,595$49,787$527,488,013
Charitable Gifts30%3,205$289$926,602
Cost of Tax Affairs47%5,005$315$1,575,067
Work Car expenses32%3,420$2,764$9,454,103
Work Travel expenses11%1,165$1,829$2,130,978
Self Education expenses5%505$2,261$1,141,561
Total Deductions82%8,710$3,148$27,421,665
Taxable Income99%10,570$47,217$499,082,787
Medicare Levy 69%7,320$900$6,589,627
Medicare Surcharge 1%150$1,219$182,862
Gross Tax 80%8,540$10,862$92,761,571
Net Tax 73%7,730$12,216$94,427,695
Average Tax 100%10,635 $8,879$94,427,695
Gross Tax Rate 80%8,540 23%$92,761,571
Net Tax Rate 73%7,730 26%$94,427,695
Average Tax Rate 100%10,635 19%$94,427,695
%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 $47,217. It is estimated that the average taxable income for people who paid a net amount of tax was $60156.

The average net tax paid was $12,216. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 7,320 people for an average of $900. 150 people paid $1,219 on average more for the Medicare surcharge.

8,655 people earned a salary or wage and took home an average of $48,404 each.

Government allowance and payments were collected by 1,110 people for on average $5,208. 590 people received the pension or other allowance.

Charitable gifts and donations of an average of $289 were made by 3,205 people.

The costs of tax affairs for 5,005 people were claimed for $315 each.