TaxStats for postcode 4350 FY2013
Postcode 4350 includes Athol, Blue Mountain Heights, Centenary Heights, Charlton, Clifford Gardens, Cotswold Hills, Cranley, Darling Heights, Drayton, Drayton North, East Toowoomba, Finnie, Glenvale, Gowrie, Gowrie Mountain, Harlaxton, Harristown, Kearneys Spring, Middle Ridge, Mount Kynoch, Mount Lofty, Mount Rascal, Newtown, North Toowoomba, Northlands, Prince Henry Heights, Rangeville, Redwood, Rockville, South Toowoomba, Southtown, Toowoomba, Toowoomba Bc, Toowoomba City, Toowoomba Dc, Toowoomba East, Toowoomba South, Toowoomba Village Fair, Toowoomba West, Top Camp, Torrington, Wellcamp, Westbrook, Wilsonton, Wilsonton Heights, Wyalla Plaza in Queensland, and is in the federal electorate of Groom.
In FY 2013 the ATO recorded 57,945 individuals in postcode 4350. Of these people, 57,580 made a taxable income or loss. 46,965 of the population paid a gross amount of tax. After tax offsets, 42,940 people actually paid a net amount of tax. There were 14,640 non-taxable people who paid net tax of $0.
Compare TaxStats of 4350 with QLD
| 4350 TaxStats FY2013 | %Ppl | #Ppl | 4350 Avg | 4350 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 57,945 | ||
| Income | ||||
| Salary or Wage | 81% | 46,970 | $50,118 | $2,354,030,633 |
| Gross Interest | 58% | 33,405 | $1,729 | $57,754,116 |
| Unfranked Dividends | 10% | 5,770 | $612 | $3,531,788 |
| Franked Dividends | 21% | 12,450 | $7,288 | $90,737,884 |
| Dividend Franking Credit | 21% | 12,395 | $3,137 | $38,878,088 |
| Capital Gains | 4% | 2,445 | $15,776 | $38,572,890 |
| Termination Payouts | 2% | 1,325 | $5,452 | $7,224,086 |
| Tips/Directors Fees etc | 19% | 11,280 | $2,784 | $31,401,609 |
| Business Income | 7% | 4,065 | $20,403 | $82,937,072 |
| Foreign Income | 6% | 3,610 | $652 | $2,355,301 |
| Government payments | 8% | 4,420 | $5,162 | $22,815,603 |
| Government pensions | 7% | 3,990 | $9,462 | $37,753,911 |
| Total Income or Loss | 100% | 57,740 | $52,904 | $3,054,696,006 |
| Deducations | ||||
| Charitable Gifts | 35% | 20,535 | $373 | $7,657,561 |
| Cost of Tax Affairs | 45% | 26,220 | $333 | $8,734,257 |
| Work Car expenses | 25% | 14,740 | $2,167 | $31,943,701 |
| Work Travel expenses | 9% | 5,435 | $2,291 | $12,451,037 |
| Self Education expenses | 5% | 2,620 | $1,635 | $4,283,049 |
| Total Deductions | 84% | 48,565 | $2,743 | $133,224,732 |
| Taxation | ||||
| Taxable Income | 99% | 57,580 | $50,592 | $2,913,062,876 |
| Medicare Levy | 70% | 40,635 | $953 | $38,713,381 |
| Medicare Surcharge | 1% | 560 | $1,334 | $746,998 |
| Gross Tax | 81% | 46,965 | $12,252 | $575,434,969 |
| Net Tax | 74% | 42,940 | $13,645 | $585,929,751 |
| Average Tax | 100% | 57,945 | $10,112 | $585,929,751 |
| Gross Tax Rate | 81% | 46,965 | 24% | $575,434,969 |
| Net Tax Rate | 74% | 42,940 | 27% | $585,929,751 |
| Average Tax Rate | 100% | 57,945 | 20% | $585,929,751 |
| %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 $50,592. It is estimated that the average taxable income for people who paid a net amount of tax was $63749.
The average net tax paid was $13,645. This equates to an average tax of 27 cents in the dollar on taxable income.
The Medicare levy was paid by 40,635 people for an average of $953. 560 people paid $1,334 on average more for the Medicare surcharge.
46,970 people earned a salary or wage and took home an average of $50,118 each.
Government allowance and payments were collected by 4,420 people for on average $5,162. 3,990 people received the pension or other allowance.
Charitable gifts and donations of an average of $373 were made by 20,535 people.
The costs of tax affairs for 26,220 people were claimed for $333 each.