TaxStats for postcode 4340 FY2013
Postcode 4340 includes Ashwell, Calvert, Ebenezer, Grandchester, Jeebropilly, Lanefield, Lower Mount Walker, Merryvale, Moorang, Mount Forbes, Mount Mort, Mount Walker, Mount Walker West, Rosevale, Rosewood, Tallegalla, The Bluff, Woolshed in Queensland, and is in the federal electorate of Blair.
In FY 2013 the ATO recorded 2,605 individuals in postcode 4340. Of these people, 2,580 made a taxable income or loss. 1,995 of the population paid a gross amount of tax. After tax offsets, 1,835 people actually paid a net amount of tax. There were 745 non-taxable people who paid net tax of $0.
Compare TaxStats of 4340 with QLD
| 4340 TaxStats FY2013 | %Ppl | #Ppl | 4340 Avg | 4340 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 2,605 | ||
| Income | ||||
| Salary or Wage | 79% | 2,045 | $49,426 | $101,075,526 |
| Gross Interest | 49% | 1,275 | $1,999 | $2,548,713 |
| Unfranked Dividends | 10% | 255 | $479 | $122,260 |
| Franked Dividends | 20% | 515 | $3,387 | $1,744,338 |
| Dividend Franking Credit | 20% | 510 | $1,463 | $746,327 |
| Capital Gains | 2% | 65 | $11,796 | $766,739 |
| Termination Payouts | 2% | 65 | $4,230 | $274,962 |
| Tips/Directors Fees etc | 20% | 525 | $2,552 | $1,339,638 |
| Business Income | 12% | 305 | $224 | $68,357 |
| Foreign Income | 4% | 95 | $250 | $23,777 |
| Government payments | 7% | 185 | $5,367 | $992,842 |
| Government pensions | 6% | 155 | $8,980 | $1,391,881 |
| Total Income or Loss | 100% | 2,595 | $45,721 | $118,646,900 |
| Deducations | ||||
| Charitable Gifts | 31% | 805 | $269 | $216,829 |
| Cost of Tax Affairs | 50% | 1,300 | $263 | $342,425 |
| Work Car expenses | 27% | 715 | $2,524 | $1,804,512 |
| Work Travel expenses | 9% | 245 | $2,459 | $602,394 |
| Self Education expenses | 4% | 95 | $1,651 | $156,809 |
| Total Deductions | 81% | 2,110 | $2,700 | $5,696,122 |
| Taxation | ||||
| Taxable Income | 99% | 2,580 | $43,636 | $112,580,231 |
| Medicare Levy | 66% | 1,730 | $856 | $1,481,074 |
| Medicare Surcharge | 1% | 25 | $1,180 | $29,492 |
| Gross Tax | 77% | 1,995 | $10,032 | $20,013,982 |
| Net Tax | 70% | 1,835 | $10,901 | $20,004,059 |
| Average Tax | 100% | 2,605 | $7,679 | $20,004,059 |
| Gross Tax Rate | 77% | 1,995 | 23% | $20,013,982 |
| Net Tax Rate | 70% | 1,835 | 25% | $20,004,059 |
| Average Tax Rate | 100% | 2,605 | 18% | $20,004,059 |
| %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 $43,636. It is estimated that the average taxable income for people who paid a net amount of tax was $56480.
The average net tax paid was $10,901. This equates to an average tax of 25 cents in the dollar on taxable income.
The Medicare levy was paid by 1,730 people for an average of $856. 25 people paid $1,180 on average more for the Medicare surcharge.
2,045 people earned a salary or wage and took home an average of $49,426 each.
Government allowance and payments were collected by 185 people for on average $5,367. 155 people received the pension or other allowance.
Charitable gifts and donations of an average of $269 were made by 805 people.
The costs of tax affairs for 1,300 people were claimed for $263 each.