TaxStats for postcode 4420 FY2013
Postcode 4420 includes Broadmere, Coorada, Ghinghinda, Glenhaughton, Gwambegwine, Hornet Bank, Peek-A-Doo, Spring Creek, Taroom in Queensland, and is in the federal electorate of Flynn.
In FY 2013 the ATO recorded 780 individuals in postcode 4420. Of these people, 760 made a taxable income or loss. 550 of the population paid a gross amount of tax. After tax offsets, 495 people actually paid a net amount of tax. There were 265 non-taxable people who paid net tax of $0.
Compare TaxStats of 4420 with QLD
| 4420 TaxStats FY2013 | %Ppl | #Ppl | 4420 Avg | 4420 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 780 | ||
| Income | ||||
| Salary or Wage | 58% | 450 | $42,781 | $19,251,405 |
| Gross Interest | 65% | 510 | $2,847 | $1,451,754 |
| Unfranked Dividends | 15% | 120 | $445 | $53,353 |
| Franked Dividends | 24% | 185 | $4,780 | $884,390 |
| Dividend Franking Credit | 24% | 185 | $2,048 | $378,859 |
| Capital Gains | 6% | 50 | $17,459 | $872,968 |
| Termination Payouts | 1% | 10 | $2,687 | $26,869 |
| Tips/Directors Fees etc | 13% | 100 | $3,212 | $321,198 |
| Business Income | 22% | 170 | $1,567 | $266,378 |
| Foreign Income | 8% | 60 | $287 | $17,222 |
| Government payments | 3% | 20 | $5,256 | $105,113 |
| Government pensions | 6% | 50 | $11,169 | $558,461 |
| Total Income or Loss | 100% | 780 | $36,132 | $28,183,123 |
| Deducations | ||||
| Charitable Gifts | 17% | 135 | $271 | $36,579 |
| Cost of Tax Affairs | 41% | 320 | $318 | $101,696 |
| Work Car expenses | 13% | 105 | $2,770 | $290,875 |
| Work Travel expenses | 6% | 45 | $2,610 | $117,457 |
| Self Education expenses | 1% | 10 | $2,129 | $21,294 |
| Total Deductions | 71% | 555 | $2,957 | $1,641,129 |
| Taxation | ||||
| Taxable Income | 97% | 760 | $33,986 | $25,829,714 |
| Medicare Levy | 58% | 450 | $894 | $402,289 |
| Medicare Surcharge | 1% | 10 | $1,566 | $15,658 |
| Gross Tax | 71% | 550 | $10,410 | $5,725,271 |
| Net Tax | 63% | 495 | $11,527 | $5,705,738 |
| Average Tax | 100% | 780 | $7,315 | $5,705,738 |
| Gross Tax Rate | 71% | 550 | 31% | $5,725,271 |
| Net Tax Rate | 63% | 495 | 34% | $5,705,738 |
| Average Tax Rate | 100% | 780 | 22% | $5,705,738 |
| %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 $33,986. It is estimated that the average taxable income for people who paid a net amount of tax was $45757.
The average net tax paid was $11,527. This equates to an average tax of 34 cents in the dollar on taxable income.
The Medicare levy was paid by 450 people for an average of $894. 10 people paid $1,566 on average more for the Medicare surcharge.
450 people earned a salary or wage and took home an average of $42,781 each.
Government allowance and payments were collected by 20 people for on average $5,256. 50 people received the pension or other allowance.
Charitable gifts and donations of an average of $271 were made by 135 people.
The costs of tax affairs for 320 people were claimed for $318 each.