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 | #Ppl | 4064 Avg | 4064 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 7,300 | ||
| Income | ||||
| Salary or Wage | 82% | 5,960 | $73,744 | $439,511,508 |
| Gross Interest | 62% | 4,510 | $2,069 | $9,330,268 |
| Unfranked Dividends | 10% | 705 | $655 | $461,518 |
| Franked Dividends | 24% | 1,775 | $10,929 | $19,398,189 |
| Dividend Franking Credit | 24% | 1,765 | $4,711 | $8,314,487 |
| Capital Gains | 5% | 370 | $21,724 | $8,037,767 |
| Termination Payouts | 3% | 200 | $22,746 | $4,549,132 |
| Tips/Directors Fees etc | 15% | 1,115 | $8,460 | $9,432,393 |
| Business Income | 10% | 725 | $50,489 | $36,604,566 |
| Foreign Income | 8% | 560 | $1,527 | $855,018 |
| Government payments | 7% | 475 | $5,461 | $2,594,197 |
| Government pensions | 2% | 125 | $9,245 | $1,155,665 |
| Total Income or Loss | 100% | 7,270 | $84,372 | $613,385,436 |
| Deducations | ||||
| Charitable Gifts | 37% | 2,690 | $480 | $1,292,217 |
| Cost of Tax Affairs | 44% | 3,230 | $642 | $2,074,389 |
| Work Car expenses | 22% | 1,575 | $3,063 | $4,823,635 |
| Work Travel expenses | 12% | 905 | $2,157 | $1,952,105 |
| Self Education expenses | 6% | 405 | $2,161 | $875,106 |
| Total Deductions | 83% | 6,045 | $4,190 | $25,328,235 |
| Taxation | ||||
| Taxable Income | 99% | 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.