TaxStats for postcode 4272 FY2013

Postcode 4272 includes Mount Tamborine, North Tamborine, Tamborine Mountain in Queensland, and is in the federal electorate of Wright.

In FY 2013 the ATO recorded 2,640 individuals in postcode 4272. Of these people, 2,600 made a taxable income or loss. 1,900 of the population paid a gross amount of tax. After tax offsets, 1,640 people actually paid a net amount of tax. There were 960 non-taxable people who paid net tax of $0.

Compare TaxStats of 4272 with QLD

4272 TaxStats FY2013%Ppl#Ppl4272
Avg
4272
Total
Total Individuals100%2,640
Income
Salary or Wage 60%1,575$52,441$82,594,005
Gross Interest58%1,535$2,447$3,756,251
Unfranked Dividends11%280$2,807$785,858
Franked Dividends23%615$7,474$4,596,441
Dividend Franking Credit23%615$3,201$1,968,571
Capital Gains5%135$10,163$1,371,945
Termination Payouts2%45$4,869$219,111
Tips/Directors Fees etc13%350$6,480$2,268,086
Business Income14%375$14,374$5,390,241
Foreign Income7%180$1,155$207,825
Government payments7%175$5,752$1,006,551
Government pensions9%250$9,856$2,464,065
Total Income or Loss99%2,625$48,337$126,884,637
Deducations
Charitable Gifts29%765$474$362,788
Cost of Tax Affairs47%1,245$460$572,325
Work Car expenses19%505$2,647$1,336,957
Work Travel expenses8%205$2,102$430,847
Self Education expenses3%75$1,604$120,306
Total Deductions74%1,955$3,045$5,953,476
Taxation
Taxable Income98%2,600$46,337$120,477,130
Medicare Levy 59%1,550$1,008$1,562,835
Medicare Surcharge 1%20$1,485$29,704
Gross Tax 72%1,900$12,648$24,031,142
Net Tax 62%1,640$14,679$24,074,039
Average Tax 100%2,640 $9,119$24,074,039
Gross Tax Rate 72%1,900 27%$24,031,142
Net Tax Rate 62%1,640 32%$24,074,039
Average Tax Rate 100%2,640 20%$24,074,039
%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 $46,337. It is estimated that the average taxable income for people who paid a net amount of tax was $66437.

The average net tax paid was $14,679. This equates to an average tax of 32 cents in the dollar on taxable income.

The Medicare levy was paid by 1,550 people for an average of $1,008. 20 people paid $1,485 on average more for the Medicare surcharge.

1,575 people earned a salary or wage and took home an average of $52,441 each.

Government allowance and payments were collected by 175 people for on average $5,752. 250 people received the pension or other allowance.

Charitable gifts and donations of an average of $474 were made by 765 people.

The costs of tax affairs for 1,245 people were claimed for $460 each.