TaxStats for postcode 4064 FY2013

Postcode 4064 includes Milton, Milton Bc, Paddington in Queensland, and is in the federal electorate of Brisbane.

In FY 2013 the ATO recorded 7,300 individuals in postcode 4064. Of these people, 7,240 made a taxable income or loss. 6,110 of the population paid a gross amount of tax. After tax offsets, 5,825 people actually paid a net amount of tax. There were 1,415 non-taxable people who paid net tax of $0.

Compare TaxStats of 4064 with QLD

4064 TaxStats FY2013%Ppl#Ppl4064
Total Individuals100%7,300
Salary or Wage 82%5,960$73,744$439,511,508
Gross Interest62%4,510$2,069$9,330,268
Unfranked Dividends10%705$655$461,518
Franked Dividends24%1,775$10,929$19,398,189
Dividend Franking Credit24%1,765$4,711$8,314,487
Capital Gains5%370$21,724$8,037,767
Termination Payouts3%200$22,746$4,549,132
Tips/Directors Fees etc15%1,115$8,460$9,432,393
Business Income10%725$50,489$36,604,566
Foreign Income8%560$1,527$855,018
Government payments7%475$5,461$2,594,197
Government pensions2%125$9,245$1,155,665
Total Income or Loss100%7,270$84,372$613,385,436
Charitable Gifts37%2,690$480$1,292,217
Cost of Tax Affairs44%3,230$642$2,074,389
Work Car expenses22%1,575$3,063$4,823,635
Work Travel expenses12%905$2,157$1,952,105
Self Education expenses6%405$2,161$875,106
Total Deductions83%6,045$4,190$25,328,235
Taxable Income99%7,240$80,881$585,577,987
Medicare Levy 75%5,485$1,478$8,107,171
Medicare Surcharge 2%175$1,502$262,919
Gross Tax 84%6,110$25,624$156,562,731
Net Tax 80%5,825$27,685$161,265,951
Average Tax 100%7,300 $22,091$161,265,951
Gross Tax Rate 84%6,110 32%$156,562,731
Net Tax Rate 80%5,825 34%$161,265,951
Average Tax Rate 100%7,300 27%$161,265,951
%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 $80,881. It is estimated that the average taxable income for people who paid a net amount of tax was $97613.

The average net tax paid was $27,685. This equates to an average tax of 34 cents in the dollar on taxable income.

The Medicare levy was paid by 5,485 people for an average of $1,478. 175 people paid $1,502 on average more for the Medicare surcharge.

5,960 people earned a salary or wage and took home an average of $73,744 each.

Government allowance and payments were collected by 475 people for on average $5,461. 125 people received the pension or other allowance.

Charitable gifts and donations of an average of $480 were made by 2,690 people.

The costs of tax affairs for 3,230 people were claimed for $642 each.