TaxStats for postcode 4703 FY2013

Postcode 4703 includes Adelaide Park, Bangalee, Barlows Hill, Barmaryee, Barmoya, Bondoola, Bungundarra, Byfield, Causeway Lake, Cobraball, Cooee Bay, Farnborough, Hidden Valley, Hidden Valley, Inverness, Kinka Beach, Lake Mary, Lammermoor, Maryvale, Meikleville Hill, Mulambin, Mulara, Pacific Heights, Rosslyn, Stockyard, Tanby, Taranganba, Taroomball, Weerriba, Woodbury, Yeppoon in Queensland, and is in the federal electorate of Capricornia.

In FY 2013 the ATO recorded 12,265 individuals in postcode 4703. Of these people, 12,200 made a taxable income or loss. 10,045 of the population paid a gross amount of tax. After tax offsets, 9,240 people actually paid a net amount of tax. There were 2,960 non-taxable people who paid net tax of $0.

Compare TaxStats of 4703 with QLD

4703 TaxStats FY2013%Ppl#Ppl4703
Total Individuals100%12,265
Salary or Wage 79%9,690$61,124$592,287,081
Gross Interest56%6,870$2,002$13,753,172
Unfranked Dividends10%1,245$827$1,030,097
Franked Dividends22%2,645$7,601$20,105,915
Dividend Franking Credit22%2,640$3,262$8,612,182
Capital Gains5%590$23,434$13,826,235
Termination Payouts3%395$9,653$3,812,908
Tips/Directors Fees etc16%2,015$2,739$5,520,046
Business Income8%980$21,096$20,674,025
Foreign Income6%695$2,923$2,031,302
Government payments7%870$4,996$4,346,720
Government pensions6%720$9,529$6,861,058
Total Income or Loss100%12,235$62,234$761,433,132
Charitable Gifts34%4,140$231$956,000
Cost of Tax Affairs53%6,530$371$2,420,662
Work Car expenses22%2,665$2,727$7,266,575
Work Travel expenses6%775$2,228$1,726,774
Self Education expenses4%475$1,500$712,475
Total Deductions85%10,440$2,692$28,107,962
Taxable Income99%12,200$59,916$730,981,135
Medicare Levy 73%8,915$1,136$10,126,556
Medicare Surcharge 3%385$1,236$475,940
Gross Tax 82%10,045$16,032$161,043,456
Net Tax 75%9,240$17,869$165,109,966
Average Tax 100%12,265 $13,462$165,109,966
Gross Tax Rate 82%10,045 27%$161,043,456
Net Tax Rate 75%9,240 30%$165,109,966
Average Tax Rate 100%12,265 22%$165,109,966
%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 $59,916. It is estimated that the average taxable income for people who paid a net amount of tax was $75266.

The average net tax paid was $17,869. This equates to an average tax of 30 cents in the dollar on taxable income.

The Medicare levy was paid by 8,915 people for an average of $1,136. 385 people paid $1,236 on average more for the Medicare surcharge.

9,690 people earned a salary or wage and took home an average of $61,124 each.

Government allowance and payments were collected by 870 people for on average $4,996. 720 people received the pension or other allowance.

Charitable gifts and donations of an average of $231 were made by 4,140 people.

The costs of tax affairs for 6,530 people were claimed for $371 each.