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 | #Ppl | 4703 Avg | 4703 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 12,265 | ||
| Income | ||||
| Salary or Wage | 79% | 9,690 | $61,124 | $592,287,081 |
| Gross Interest | 56% | 6,870 | $2,002 | $13,753,172 |
| Unfranked Dividends | 10% | 1,245 | $827 | $1,030,097 |
| Franked Dividends | 22% | 2,645 | $7,601 | $20,105,915 |
| Dividend Franking Credit | 22% | 2,640 | $3,262 | $8,612,182 |
| Capital Gains | 5% | 590 | $23,434 | $13,826,235 |
| Termination Payouts | 3% | 395 | $9,653 | $3,812,908 |
| Tips/Directors Fees etc | 16% | 2,015 | $2,739 | $5,520,046 |
| Business Income | 8% | 980 | $21,096 | $20,674,025 |
| Foreign Income | 6% | 695 | $2,923 | $2,031,302 |
| Government payments | 7% | 870 | $4,996 | $4,346,720 |
| Government pensions | 6% | 720 | $9,529 | $6,861,058 |
| Total Income or Loss | 100% | 12,235 | $62,234 | $761,433,132 |
| Deducations | ||||
| Charitable Gifts | 34% | 4,140 | $231 | $956,000 |
| Cost of Tax Affairs | 53% | 6,530 | $371 | $2,420,662 |
| Work Car expenses | 22% | 2,665 | $2,727 | $7,266,575 |
| Work Travel expenses | 6% | 775 | $2,228 | $1,726,774 |
| Self Education expenses | 4% | 475 | $1,500 | $712,475 |
| Total Deductions | 85% | 10,440 | $2,692 | $28,107,962 |
| Taxation | ||||
| Taxable Income | 99% | 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.