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#Ppl4350
Total Individuals100%57,945
Salary or Wage 81%46,970$50,118$2,354,030,633
Gross Interest58%33,405$1,729$57,754,116
Unfranked Dividends10%5,770$612$3,531,788
Franked Dividends21%12,450$7,288$90,737,884
Dividend Franking Credit21%12,395$3,137$38,878,088
Capital Gains4%2,445$15,776$38,572,890
Termination Payouts2%1,325$5,452$7,224,086
Tips/Directors Fees etc19%11,280$2,784$31,401,609
Business Income7%4,065$20,403$82,937,072
Foreign Income6%3,610$652$2,355,301
Government payments8%4,420$5,162$22,815,603
Government pensions7%3,990$9,462$37,753,911
Total Income or Loss100%57,740$52,904$3,054,696,006
Charitable Gifts35%20,535$373$7,657,561
Cost of Tax Affairs45%26,220$333$8,734,257
Work Car expenses25%14,740$2,167$31,943,701
Work Travel expenses9%5,435$2,291$12,451,037
Self Education expenses5%2,620$1,635$4,283,049
Total Deductions84%48,565$2,743$133,224,732
Taxable Income99%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.