TaxStats for postcode 4375 FY2013

Postcode 4375 includes Cottonvale, Fleurbaix in Queensland, and is in the federal electorate of New England.

In FY 2013 the ATO recorded 110 individuals in postcode 4375. Of these people, 110 made a taxable income or loss. 80 of the population paid a gross amount of tax. After tax offsets, 70 people actually paid a net amount of tax. There were 40 non-taxable people who paid net tax of $0.

Compare TaxStats of 4375 with QLD

4375 TaxStats FY2013%Ppl#Ppl4375
Avg
4375
Total
Total Individuals100%110
Income
Salary or Wage 68%75$43,473$3,260,488
Gross Interest59%65$940$61,101
Unfranked Dividends9%10$141$1,409
Franked Dividends23%25$7,320$183,006
Dividend Franking Credit23%25$3,136$78,406
Capital Gains9%10$68,458$684,583
Termination Payouts5%5$633$3,165
Tips/Directors Fees etc14%15$2,659$39,884
Business Income23%25$-1,182$-29,541
Foreign Income5%5$194$972
Government payments5%5$2,457$12,283
Government pensions14%15$8,118$121,773
Total Income or Loss100%110$49,880$5,486,852
Deducations
Charitable Gifts23%25$172$4,300
Cost of Tax Affairs45%50$293$14,650
Work Car expenses23%25$2,344$58,604
Work Travel expenses5%5$12,156$60,782
Self Education expenses5%5$2,281$11,403
Total Deductions73%80$4,335$346,806
Taxation
Taxable Income100%110$46,546$5,120,062
Medicare Levy 59%65$1,040$67,572
Medicare Surcharge 5%5$435$2,177
Gross Tax 73%80$13,074$1,045,929
Net Tax 64%70$15,314$1,071,963
Average Tax 100%110 $9,745$1,071,963
Gross Tax Rate 73%80 28%$1,045,929
Net Tax Rate 64%70 33%$1,071,963
Average Tax Rate 100%110 21%$1,071,963
%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 $46,546. It is estimated that the average taxable income for people who paid a net amount of tax was $66287.

The average net tax paid was $15,314. This equates to an average tax of 33 cents in the dollar on taxable income.

The Medicare levy was paid by 65 people for an average of $1,040. 5 people paid $435 on average more for the Medicare surcharge.

75 people earned a salary or wage and took home an average of $43,473 each.

Government allowance and payments were collected by 5 people for on average $2,457. 15 people received the pension or other allowance.

Charitable gifts and donations of an average of $172 were made by 25 people.

The costs of tax affairs for 50 people were claimed for $293 each.