TaxStats for postcode 4160 FY2013
Postcode 4160 includes Ormiston, Wellington Point in Queensland, and is in the federal electorate of Bowman.
In FY 2013 the ATO recorded 10,900 individuals in postcode 4160. Of these people, 10,845 made a taxable income or loss. 8,955 of the population paid a gross amount of tax. After tax offsets, 8,275 people actually paid a net amount of tax. There were 2,570 non-taxable people who paid net tax of $0.
Compare TaxStats of 4160 with QLD
| 4160 TaxStats FY2013 | %Ppl | #Ppl | 4160 Avg | 4160 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 10,900 | ||
| Income | ||||
| Salary or Wage | 81% | 8,800 | $61,425 | $540,537,769 |
| Gross Interest | 59% | 6,410 | $1,957 | $12,542,307 |
| Unfranked Dividends | 10% | 1,080 | $561 | $605,585 |
| Franked Dividends | 24% | 2,595 | $6,090 | $15,802,683 |
| Dividend Franking Credit | 24% | 2,585 | $2,620 | $6,771,850 |
| Capital Gains | 5% | 510 | $8,868 | $4,522,743 |
| Termination Payouts | 3% | 305 | $17,980 | $5,483,788 |
| Tips/Directors Fees etc | 18% | 1,960 | $4,855 | $9,516,230 |
| Business Income | 7% | 800 | $20,339 | $16,271,026 |
| Foreign Income | 7% | 775 | $1,973 | $1,529,044 |
| Government payments | 5% | 555 | $4,540 | $2,519,959 |
| Government pensions | 6% | 600 | $8,578 | $5,146,529 |
| Total Income or Loss | 100% | 10,875 | $63,337 | $688,785,421 |
| Deducations | ||||
| Charitable Gifts | 40% | 4,360 | $441 | $1,920,643 |
| Cost of Tax Affairs | 49% | 5,385 | $322 | $1,735,646 |
| Work Car expenses | 26% | 2,785 | $2,855 | $7,949,999 |
| Work Travel expenses | 11% | 1,180 | $1,375 | $1,622,552 |
| Self Education expenses | 4% | 415 | $1,983 | $822,900 |
| Total Deductions | 84% | 9,150 | $2,974 | $27,214,068 |
| Taxation | ||||
| Taxable Income | 99% | 10,845 | $60,919 | $660,670,676 |
| Medicare Levy | 74% | 8,030 | $1,140 | $9,154,855 |
| Medicare Surcharge | 2% | 185 | $1,265 | $233,973 |
| Gross Tax | 82% | 8,955 | $16,606 | $148,705,486 |
| Net Tax | 76% | 8,275 | $18,237 | $150,910,272 |
| Average Tax | 100% | 10,900 | $13,845 | $150,910,272 |
| Gross Tax Rate | 82% | 8,955 | 27% | $148,705,486 |
| Net Tax Rate | 76% | 8,275 | 30% | $150,910,272 |
| Average Tax Rate | 100% | 10,900 | 23% | $150,910,272 |
| %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 $60,919. It is estimated that the average taxable income for people who paid a net amount of tax was $76112.
The average net tax paid was $18,237. This equates to an average tax of 30 cents in the dollar on taxable income.
The Medicare levy was paid by 8,030 people for an average of $1,140. 185 people paid $1,265 on average more for the Medicare surcharge.
8,800 people earned a salary or wage and took home an average of $61,425 each.
Government allowance and payments were collected by 555 people for on average $4,540. 600 people received the pension or other allowance.
Charitable gifts and donations of an average of $441 were made by 4,360 people.
The costs of tax affairs for 5,385 people were claimed for $322 each.