TaxStats for postcode 4887 FY2013

Postcode 4887 includes Herberton, Irvinebank, Kalunga, Moomin, Watsonville, Wondecla in Queensland, and is in the federal electorate of Kennedy.

In FY 2013 the ATO recorded 895 individuals in postcode 4887. Of these people, 890 made a taxable income or loss. 680 of the population paid a gross amount of tax. After tax offsets, 580 people actually paid a net amount of tax. There were 310 non-taxable people who paid net tax of $0.

Compare TaxStats of 4887 with QLD

4887 TaxStats FY2013%Ppl#Ppl4887
Total Individuals100%895
Salary or Wage 75%675$44,395$29,966,307
Gross Interest55%490$2,145$1,050,838
Unfranked Dividends7%65$537$34,901
Franked Dividends13%115$2,215$254,721
Dividend Franking Credit13%115$949$109,115
Capital Gains3%25$41,570$1,039,252
Termination Payouts2%15$3,996$59,945
Tips/Directors Fees etc16%145$1,662$241,054
Business Income13%115$7,938$912,852
Foreign Income3%30$1,559$46,773
Government payments16%140$5,621$786,956
Government pensions8%75$9,267$695,046
Total Income or Loss99%890$43,143$38,397,061
Charitable Gifts31%280$204$57,222
Cost of Tax Affairs56%500$213$106,492
Work Car expenses22%195$1,916$373,595
Work Travel expenses8%75$2,493$186,942
Self Education expenses3%25$960$24,012
Total Deductions79%710$2,122$1,506,352
Taxable Income99%890$41,324$36,778,526
Medicare Levy 62%555$825$458,129
Medicare Surcharge 2%15$1,384$20,757
Gross Tax 76%680$9,127$6,206,638
Net Tax 65%580$10,107$5,862,216
Average Tax 100%895 $6,550$5,862,216
Gross Tax Rate 76%680 22%$6,206,638
Net Tax Rate 65%580 24%$5,862,216
Average Tax Rate 100%895 16%$5,862,216
%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 $41,324. It is estimated that the average taxable income for people who paid a net amount of tax was $56997.

The average net tax paid was $10,107. This equates to an average tax of 24 cents in the dollar on taxable income.

The Medicare levy was paid by 555 people for an average of $825. 15 people paid $1,384 on average more for the Medicare surcharge.

675 people earned a salary or wage and took home an average of $44,395 each.

Government allowance and payments were collected by 140 people for on average $5,621. 75 people received the pension or other allowance.

Charitable gifts and donations of an average of $204 were made by 280 people.

The costs of tax affairs for 500 people were claimed for $213 each.