TaxStats for postcode 4702 FY2013

Postcode 4702 includes Alberta, Alsace, Alton Downs, Anakie, Argoon, Balcomba, Banana, Baralaba, Barnard, Bingegang, Blackdown, Bluff, Bogantungan, Boolburra, Bouldercombe, Bushley, Canal Creek, Canoona, Cawarral, Central Queensland Mc, Comet, Consuelo, Coomoo, Coorooman, Coorumbene, Coowonga, Dalma, Dingo, Dixalea, Dululu, Dumpy Creek, Etna Creek, Fernlees, Gainsford, Garnant, Gindie, Glenroy, Gogango, Goomally, Goovigen, Goowarra, Gracemere, Jambin, Jardine, Jellinbah, Joskeleigh, Kabra, Kalapa, Keppel Sands, Kokotungo, Kunwarara, Kunwarara, Lowesby, Mackenzie, Marmor, Midgee, Milman, Mimosa, Moonmera, Morinish, Morinish South, Mount Chalmers, Nine Mile, Parkhurst, Pheasant Creek, Pink Lily, Plum Tree, Ridgelands, Rolleston, Rolleston, Rossmoya, Rubyvale, Sapphire, Shoalwater, Smoky Creek, South Yaamba, Stanage, Stanwell, Stewarton, Stewarton, The Caves, Thompson Point, Tungamull, Ulogie, Wallaroo, Wallaroo, Westwood, Willows, Willows Gemfields, Woolein, Wooroona, Wooroona, Wowan, Wycarbah, Yalleroi, Yaraka in Queensland, and is in the federal electorate of Flynn.

In FY 2013 the ATO recorded 14,665 individuals in postcode 4702. Of these people, 14,475 made a taxable income or loss. 11,665 of the population paid a gross amount of tax. After tax offsets, 10,875 people actually paid a net amount of tax. There were 3,600 non-taxable people who paid net tax of $0.

Compare TaxStats of 4702 with QLD

4702 TaxStats FY2013	%Ppl	#Ppl	4702 Avg	4702 Total
Total Individuals	100%	14,665
Income
Salary or Wage	80%	11,770	$60,103	$707,406,954
Gross Interest	53%	7,845	$1,680	$13,177,529
Unfranked Dividends	10%	1,510	$317	$478,673
Franked Dividends	19%	2,805	$4,876	$13,677,700
Dividend Franking Credit	19%	2,790	$2,101	$5,861,086
Capital Gains	3%	505	$19,548	$9,871,774
Termination Payouts	3%	455	$10,607	$4,826,364
Tips/Directors Fees etc	17%	2,495	$2,266	$5,654,511
Business Income	10%	1,515	$4,315	$6,536,797
Foreign Income	5%	670	$510	$341,880
Government payments	6%	840	$4,868	$4,088,840
Government pensions	5%	675	$9,601	$6,480,424
Total Income or Loss	100%	14,630	$56,973	$833,521,007
Deducations
Charitable Gifts	31%	4,545	$210	$953,995
Cost of Tax Affairs	52%	7,575	$311	$2,359,451
Work Car expenses	19%	2,825	$2,480	$7,006,949
Work Travel expenses	6%	910	$2,943	$2,677,965
Self Education expenses	3%	470	$1,336	$627,845
Total Deductions	84%	12,290	$2,480	$30,474,667
Taxation
Taxable Income	99%	14,475	$54,440	$788,024,922
Medicare Levy	72%	10,530	$1,066	$11,220,170
Medicare Surcharge	2%	350	$1,278	$447,171
Gross Tax	80%	11,665	$14,601	$170,324,434
Net Tax	74%	10,875	$16,060	$174,652,015
Average Tax	100%	14,665	$11,909	$174,652,015
Gross Tax Rate	80%	11,665	27%	$170,324,434
Net Tax Rate	74%	10,875	30%	$174,652,015
Average Tax Rate	100%	14,665	22%	$174,652,015

%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 $54,440. It is estimated that the average taxable income for people who paid a net amount of tax was $68490.

The average net tax paid was $16,060. This equates to an average tax of 30 cents in the dollar on taxable income.

The Medicare levy was paid by 10,530 people for an average of $1,066. 350 people paid $1,278 on average more for the Medicare surcharge.

11,770 people earned a salary or wage and took home an average of $60,103 each.

Government allowance and payments were collected by 840 people for on average $4,868. 675 people received the pension or other allowance.

Charitable gifts and donations of an average of $210 were made by 4,545 people.

The costs of tax affairs for 7,575 people were claimed for $311 each.