TaxStats for postcode 4005 FY2013

Postcode 4005 includes New Farm, Teneriffe in Queensland, and is in the federal electorate of Brisbane.

In FY 2013 the ATO recorded 11,320 individuals in postcode 4005. Of these people, 11,250 made a taxable income or loss. 9,855 of the population paid a gross amount of tax. After tax offsets, 9,405 people actually paid a net amount of tax. There were 1,845 non-taxable people who paid net tax of $0.

Compare TaxStats of 4005 with QLD

4005 TaxStats FY2013%Ppl#Ppl4005
Avg
4005
Total
Total Individuals100%11,320
Income
Salary or Wage 82%9,300$75,296$700,256,036
Gross Interest65%7,335$2,829$20,750,601
Unfranked Dividends9%1,050$964$1,012,124
Franked Dividends22%2,545$18,985$48,316,393
Dividend Franking Credit22%2,535$8,168$20,704,638
Capital Gains5%605$36,520$22,094,428
Termination Payouts3%295$18,383$5,423,093
Tips/Directors Fees etc15%1,690$8,239$13,924,269
Business Income9%1,045$55,731$58,239,267
Foreign Income8%870$4,277$3,720,670
Government payments6%660$5,160$3,405,740
Government pensions2%240$9,661$2,318,560
Total Income or Loss100%11,280$90,469$1,020,485,280
Deducations
Charitable Gifts37%4,205$818$3,439,924
Cost of Tax Affairs46%5,180$597$3,093,614
Work Car expenses23%2,550$3,178$8,103,369
Work Travel expenses15%1,670$1,871$3,124,183
Self Education expenses6%695$2,958$2,055,898
Total Deductions83%9,445$4,675$44,158,328
Taxation
Taxable Income99%11,250$86,555$973,748,685
Medicare Levy 78%8,875$1,512$13,418,235
Medicare Surcharge 3%395$1,595$629,934
Gross Tax 87%9,855$26,934$265,435,988
Net Tax 83%9,405$29,081$273,510,711
Average Tax 100%11,320 $24,162$273,510,711
Gross Tax Rate 87%9,855 31%$265,435,988
Net Tax Rate 83%9,405 34%$273,510,711
Average Tax Rate 100%11,320 28%$273,510,711
%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 $86,555. It is estimated that the average taxable income for people who paid a net amount of tax was $101181.

The average net tax paid was $29,081. This equates to an average tax of 34 cents in the dollar on taxable income.

The Medicare levy was paid by 8,875 people for an average of $1,512. 395 people paid $1,595 on average more for the Medicare surcharge.

9,300 people earned a salary or wage and took home an average of $75,296 each.

Government allowance and payments were collected by 660 people for on average $5,160. 240 people received the pension or other allowance.

Charitable gifts and donations of an average of $818 were made by 4,205 people.

The costs of tax affairs for 5,180 people were claimed for $597 each.