TaxStats for postcode 4803 FY2013

Postcode 4803 includes Hamilton Island in Queensland, and is in the federal electorate of Dawson.

In FY 2013 the ATO recorded 860 individuals in postcode 4803. Of these people, 855 made a taxable income or loss. 730 of the population paid a gross amount of tax. After tax offsets, 705 people actually paid a net amount of tax. There were 150 non-taxable people who paid net tax of $0.

Compare TaxStats of 4803 with QLD

4803 TaxStats FY2013%Ppl#Ppl4803
Avg
4803
Total
Total Individuals100%860
Income
Salary or Wage 94%810$40,384$32,710,866
Gross Interest44%380$1,456$553,371
Unfranked Dividends2%20$124$2,477
Franked Dividends7%60$10,780$646,793
Dividend Franking Credit7%60$4,620$277,177
Capital Gains2%20$100,623$2,012,454
Termination Payouts2%15$4,842$72,633
Tips/Directors Fees etc28%245$1,255$307,383
Business Income5%40$30,289$1,211,568
Foreign Income2%20$1,218$24,350
Government payments3%30$3,944$118,312
Government pensions1%5$10,629$53,147
Total Income or Loss100%860$44,801$38,528,941
Deducations
Charitable Gifts35%305$255$77,664
Cost of Tax Affairs45%385$319$123,001
Work Car expenses8%65$2,245$145,907
Work Travel expenses15%125$1,140$142,519
Self Education expenses9%75$1,361$102,060
Total Deductions86%740$2,006$1,484,771
Taxation
Taxable Income99%855$43,246$36,975,507
Medicare Levy 79%680$741$503,846
Medicare Surcharge 1%5$1,464$7,322
Gross Tax 85%730$8,466$6,180,425
Net Tax 82%705$8,898$6,273,330
Average Tax 100%860 $7,295$6,273,330
Gross Tax Rate 85%730 20%$6,180,425
Net Tax Rate 82%705 21%$6,273,330
Average Tax Rate 100%860 17%$6,273,330
%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 $43,246. It is estimated that the average taxable income for people who paid a net amount of tax was $49894.

The average net tax paid was $8,898. This equates to an average tax of 21 cents in the dollar on taxable income.

The Medicare levy was paid by 680 people for an average of $741. 5 people paid $1,464 on average more for the Medicare surcharge.

810 people earned a salary or wage and took home an average of $40,384 each.

Government allowance and payments were collected by 30 people for on average $3,944. 5 people received the pension or other allowance.

Charitable gifts and donations of an average of $255 were made by 305 people.

The costs of tax affairs for 385 people were claimed for $319 each.