TaxStats for postcode 4347 FY2013

Postcode 4347 includes Grantham, Ma Ma Creek, Mount Whitestone, Veradilla, Winwill in Queensland, and is in the federal electorate of Wright.

In FY 2013 the ATO recorded 615 individuals in postcode 4347. Of these people, 605 made a taxable income or loss. 480 of the population paid a gross amount of tax. After tax offsets, 435 people actually paid a net amount of tax. There were 170 non-taxable people who paid net tax of $0.

Compare TaxStats of 4347 with QLD

4347 TaxStats FY2013%Ppl#Ppl4347
Total Individuals100%615
Salary or Wage 76%465$47,632$22,149,025
Gross Interest56%345$1,703$587,384
Unfranked Dividends11%65$119$7,734
Franked Dividends19%115$1,841$211,745
Dividend Franking Credit19%115$787$90,531
Capital Gains5%30$13,278$398,338
Termination Payouts2%10$5,516$55,159
Tips/Directors Fees etc16%100$5,972$597,175
Business Income11%65$9,166$595,810
Foreign Income5%30$1,676$50,287
Government payments7%40$3,801$152,035
Government pensions6%35$8,499$297,479
Total Income or Loss100%615$45,175$27,782,830
Charitable Gifts26%160$236$37,781
Cost of Tax Affairs44%270$296$79,881
Work Car expenses23%140$2,038$285,277
Work Travel expenses7%40$4,626$185,055
Self Education expenses2%15$1,253$18,794
Total Deductions77%475$2,214$1,051,744
Taxable Income98%605$43,740$26,462,489
Medicare Levy 67%415$849$352,311
Medicare Surcharge 2%10$912$9,115
Gross Tax 78%480$9,734$4,672,148
Net Tax 71%435$10,745$4,673,940
Average Tax 100%615 $7,600$4,673,940
Gross Tax Rate 78%480 22%$4,672,148
Net Tax Rate 71%435 25%$4,673,940
Average Tax Rate 100%615 17%$4,673,940
%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 $43,740. It is estimated that the average taxable income for people who paid a net amount of tax was $56144.

The average net tax paid was $10,745. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 415 people for an average of $849. 10 people paid $912 on average more for the Medicare surcharge.

465 people earned a salary or wage and took home an average of $47,632 each.

Government allowance and payments were collected by 40 people for on average $3,801. 35 people received the pension or other allowance.

Charitable gifts and donations of an average of $236 were made by 160 people.

The costs of tax affairs for 270 people were claimed for $296 each.