TaxStats for postcode 4580 FY2013

Postcode 4580 includes Cooloola, Cooloola Cove, Tin Can Bay in Queensland, and is in the federal electorate of Wide Bay.

In FY 2013 the ATO recorded 1,785 individuals in postcode 4580. Of these people, 1,770 made a taxable income or loss. 1,225 of the population paid a gross amount of tax. After tax offsets, 985 people actually paid a net amount of tax. There were 785 non-taxable people who paid net tax of $0.

Compare TaxStats of 4580 with QLD

4580 TaxStats FY2013%Ppl#Ppl4580
Total Individuals100%1,785
Salary or Wage 62%1,100$43,559$47,914,716
Gross Interest55%985$2,389$2,352,692
Unfranked Dividends10%185$793$146,714
Franked Dividends24%430$6,774$2,912,631
Dividend Franking Credit24%430$2,907$1,249,967
Capital Gains4%70$10,120$708,372
Termination Payouts3%45$4,819$216,843
Tips/Directors Fees etc15%270$3,846$1,038,380
Business Income10%170$13,918$2,366,114
Foreign Income5%85$3,198$271,862
Government payments13%235$5,821$1,367,838
Government pensions14%245$10,419$2,552,564
Total Income or Loss100%1,780$40,297$71,729,358
Charitable Gifts27%480$289$138,906
Cost of Tax Affairs43%760$286$216,999
Work Car expenses17%305$2,482$756,875
Work Travel expenses6%115$3,416$392,840
Self Education expenses3%50$1,850$92,513
Total Deductions70%1,245$2,589$3,223,766
Taxable Income99%1,770$38,630$68,375,735
Medicare Levy 51%915$883$808,168
Medicare Surcharge 2%30$1,179$35,372
Gross Tax 69%1,225$9,774$11,973,154
Net Tax 55%985$11,874$11,696,254
Average Tax 100%1,785 $6,553$11,696,254
Gross Tax Rate 69%1,225 25%$11,973,154
Net Tax Rate 55%985 31%$11,696,254
Average Tax Rate 100%1,785 17%$11,696,254
%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 $38,630. It is estimated that the average taxable income for people who paid a net amount of tax was $59854.

The average net tax paid was $11,874. This equates to an average tax of 31 cents in the dollar on taxable income.

The Medicare levy was paid by 915 people for an average of $883. 30 people paid $1,179 on average more for the Medicare surcharge.

1,100 people earned a salary or wage and took home an average of $43,559 each.

Government allowance and payments were collected by 235 people for on average $5,821. 245 people received the pension or other allowance.

Charitable gifts and donations of an average of $289 were made by 480 people.

The costs of tax affairs for 760 people were claimed for $286 each.