TaxStats for postcode 4119 FY2013

Postcode 4119 includes Underwood in Queensland, and is in the federal electorate of Rankin.

In FY 2013 the ATO recorded 3,500 individuals in postcode 4119. Of these people, 3,445 made a taxable income or loss. 2,860 of the population paid a gross amount of tax. After tax offsets, 2,645 people actually paid a net amount of tax. There were 800 non-taxable people who paid net tax of $0.

Compare TaxStats of 4119 with QLD

4119 TaxStats FY2013%Ppl#Ppl4119
Total Individuals100%3,500
Salary or Wage 81%2,830$52,561$148,746,288
Gross Interest49%1,730$1,628$2,816,337
Unfranked Dividends5%190$356$67,589
Franked Dividends14%485$4,952$2,401,856
Dividend Franking Credit14%485$2,122$1,029,041
Capital Gains3%105$18,030$1,893,130
Termination Payouts3%90$5,110$459,860
Tips/Directors Fees etc18%620$4,455$2,761,890
Business Income9%300$18,507$5,551,984
Foreign Income3%115$7,349$845,085
Government payments6%210$5,522$1,159,522
Government pensions4%155$9,186$1,423,823
Total Income or Loss99%3,455$52,888$182,726,412
Charitable Gifts32%1,115$386$430,323
Cost of Tax Affairs44%1,550$270$419,213
Work Car expenses25%865$2,684$2,321,405
Work Travel expenses10%355$1,332$472,888
Self Education expenses5%160$2,083$333,206
Total Deductions81%2,840$2,528$7,179,564
Taxable Income98%3,445$50,886$175,302,620
Medicare Levy 71%2,490$952$2,370,945
Medicare Surcharge 1%40$1,264$50,565
Gross Tax 82%2,860$11,925$34,105,752
Net Tax 76%2,645$13,215$34,954,147
Average Tax 100%3,500 $9,987$34,954,147
Gross Tax Rate 82%2,860 23%$34,105,752
Net Tax Rate 76%2,645 26%$34,954,147
Average Tax Rate 100%3,500 20%$34,954,147
%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 $50,886. It is estimated that the average taxable income for people who paid a net amount of tax was $62647.

The average net tax paid was $13,215. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 2,490 people for an average of $952. 40 people paid $1,264 on average more for the Medicare surcharge.

2,830 people earned a salary or wage and took home an average of $52,561 each.

Government allowance and payments were collected by 210 people for on average $5,522. 155 people received the pension or other allowance.

Charitable gifts and donations of an average of $386 were made by 1,115 people.

The costs of tax affairs for 1,550 people were claimed for $270 each.