TaxStats for postcode 4742 FY2013

Postcode 4742 includes Burton, Eaglefield, Elphinstone, Hail Creek, Kemmis, Mount Britton, Mt Britton, Nebo, Oxford, Strathfield, Turrawulla, Valkyrie in Queensland, and is in the federal electorate of Capricornia.

In FY 2013 the ATO recorded 595 individuals in postcode 4742. Of these people, 590 made a taxable income or loss. 485 of the population paid a gross amount of tax. After tax offsets, 465 people actually paid a net amount of tax. There were 125 non-taxable people who paid net tax of $0.

Compare TaxStats of 4742 with QLD

4742 TaxStats FY2013%Ppl#Ppl4742
Total Individuals100%595
Salary or Wage 76%455$70,885$32,252,545
Gross Interest58%345$5,101$1,759,777
Unfranked Dividends13%80$277$22,143
Franked Dividends21%125$5,604$700,508
Dividend Franking Credit21%125$2,401$300,095
Capital Gains4%25$12,713$317,813
Termination Payouts3%15$6,893$103,402
Tips/Directors Fees etc15%90$3,089$278,025
Business Income12%70$3,040$212,771
Foreign Income4%25$575$14,370
Government payments3%15$4,179$62,690
Government pensions1%5$4,007$20,036
Total Income or Loss99%590$62,251$36,727,829
Charitable Gifts26%155$295$45,800
Cost of Tax Affairs52%310$432$133,843
Work Car expenses20%120$2,856$342,760
Work Travel expenses7%40$2,050$81,991
Self Education expenses2%10$1,057$10,570
Total Deductions82%490$3,172$1,554,468
Taxable Income99%590$59,443$35,071,144
Medicare Levy 76%455$1,155$525,565
Medicare Surcharge 6%35$1,200$42,009
Gross Tax 82%485$17,099$8,292,828
Net Tax 78%465$18,439$8,574,302
Average Tax 100%595 $14,411$8,574,302
Gross Tax Rate 82%485 29%$8,292,828
Net Tax Rate 78%465 31%$8,574,302
Average Tax Rate 100%595 24%$8,574,302
%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 $59,443. It is estimated that the average taxable income for people who paid a net amount of tax was $72196.

The average net tax paid was $18,439. This equates to an average tax of 31 cents in the dollar on taxable income.

The Medicare levy was paid by 455 people for an average of $1,155. 35 people paid $1,200 on average more for the Medicare surcharge.

455 people earned a salary or wage and took home an average of $70,885 each.

Government allowance and payments were collected by 15 people for on average $4,179. 5 people received the pension or other allowance.

Charitable gifts and donations of an average of $295 were made by 155 people.

The costs of tax affairs for 310 people were claimed for $432 each.