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Unveiling the Effective Tax Rates of Ipswich's Top Suburbs: Which Ones Pay the Most?
The average effective income tax rate for each taxpayer. The effective tax rate is determined by dividing the total tax paid by a taxpayer by their taxable income earned.
The effective tax rate data can be useful for property investors and those looking to move to a new suburb. A lower effective tax rate can indicate a more affordable cost of living in a particular suburb, which may be attractive to those looking to purchase property or relocate. Additionally, a lower effective tax rate may indicate a more business-friendly environment, which could be beneficial for entrepreneurs and small business owners. On the other hand, a higher effective tax rate may indicate a more affluent suburb with better public services and amenities, which could be attractive to those seeking a higher standard of living. Overall, the effective tax rate data can provide valuable insights into the economic and social characteristics of different suburbs, helping individuals make informed decisions about where to live or invest.
Data from 2020