TaxStats for postcode 4574 FY2013

Postcode 4574 includes Coolabine, Gheerulla, Kenilworth, Kidaman Creek, Moy Pocket, Obi Obi in Queensland, and is in the federal electorate of Fairfax.

In FY 2013 the ATO recorded 680 individuals in postcode 4574. Of these people, 670 made a taxable income or loss. 455 of the population paid a gross amount of tax. After tax offsets, 405 people actually paid a net amount of tax. There were 265 non-taxable people who paid net tax of $0.

Compare TaxStats of 4574 with QLD

4574 TaxStats FY2013%Ppl#Ppl4574
Total Individuals100%680
Salary or Wage 63%430$42,683$18,353,639
Gross Interest58%395$2,902$1,146,267
Unfranked Dividends9%60$519$31,168
Franked Dividends19%130$5,178$673,092
Dividend Franking Credit19%130$2,219$288,473
Capital Gains4%25$32,650$816,244
Termination Payouts2%15$12,805$192,076
Tips/Directors Fees etc12%85$2,078$176,602
Business Income14%95$7,944$754,677
Foreign Income4%25$434$10,859
Government payments10%65$6,632$431,051
Government pensions7%50$9,994$499,711
Total Income or Loss100%680$39,693$26,990,992
Charitable Gifts24%160$1,034$165,408
Cost of Tax Affairs49%330$368$121,539
Work Car expenses21%140$2,469$345,658
Work Travel expenses7%45$3,111$140,005
Self Education expenses1%10$1,444$14,437
Total Deductions74%500$2,830$1,415,009
Taxable Income99%670$38,006$25,464,223
Medicare Levy 57%385$871$335,270
Medicare Surcharge 1%10$2,478$24,779
Gross Tax 67%455$10,304$4,688,221
Net Tax 60%405$11,584$4,691,325
Average Tax 100%680 $6,899$4,691,325
Gross Tax Rate 67%455 27%$4,688,221
Net Tax Rate 60%405 30%$4,691,325
Average Tax Rate 100%680 18%$4,691,325
%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 $38,006. It is estimated that the average taxable income for people who paid a net amount of tax was $55023.

The average net tax paid was $11,584. This equates to an average tax of 30 cents in the dollar on taxable income.

The Medicare levy was paid by 385 people for an average of $871. 10 people paid $2,478 on average more for the Medicare surcharge.

430 people earned a salary or wage and took home an average of $42,683 each.

Government allowance and payments were collected by 65 people for on average $6,632. 50 people received the pension or other allowance.

Charitable gifts and donations of an average of $1,034 were made by 160 people.

The costs of tax affairs for 330 people were claimed for $368 each.