TaxStats for postcode 4704 FY2013

Postcode 4704 includes Wattlebank, Yaamba in Queensland, and is in the federal electorate of Capricornia.

In FY 2013 the ATO recorded 110 individuals in postcode 4704. Of these people, 110 made a taxable income or loss. 85 of the population paid a gross amount of tax. After tax offsets, 80 people actually paid a net amount of tax. There were 30 non-taxable people who paid net tax of $0.

Compare TaxStats of 4704 with QLD

4704 TaxStats FY2013%Ppl#Ppl4704
Avg
4704
Total
Total Individuals100%110
Income
Salary or Wage 68%75$56,357$4,226,764
Gross Interest55%60$1,182$70,945
Unfranked Dividends5%5$2,075$10,376
Franked Dividends14%15$15,080$226,195
Dividend Franking Credit14%15$6,462$96,933
Capital Gains5%5$4,836$24,181
Termination Payouts5%5$2,906$14,529
Tips/Directors Fees etc9%10$2,276$22,762
Business Income14%15$11,272$169,084
Foreign Income5%5$101$505
Government payments5%5$3,149$15,743
Government pensions5%5$10,610$53,050
Total Income or Loss100%110$45,288$4,981,664
Deducations
Charitable Gifts32%35$692$24,227
Cost of Tax Affairs41%45$276$12,429
Work Car expenses18%20$2,331$46,627
Work Travel expenses5%5$610$3,049
Self Education expenses5%5$480$2,402
Total Deductions82%90$2,086$187,774
Taxation
Taxable Income100%110$43,535$4,788,883
Medicare Levy 68%75$930$69,748
Medicare Surcharge 5%5$229$1,147
Gross Tax 77%85$11,537$980,655
Net Tax 73%80$12,209$976,747
Average Tax 100%110 $8,880$976,747
Gross Tax Rate 77%85 27%$980,655
Net Tax Rate 73%80 28%$976,747
Average Tax Rate 100%110 20%$976,747
%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 $43,535. It is estimated that the average taxable income for people who paid a net amount of tax was $55361.

The average net tax paid was $12,209. This equates to an average tax of 28 cents in the dollar on taxable income.

The Medicare levy was paid by 75 people for an average of $930. 5 people paid $229 on average more for the Medicare surcharge.

75 people earned a salary or wage and took home an average of $56,357 each.

Government allowance and payments were collected by 5 people for on average $3,149. 5 people received the pension or other allowance.

Charitable gifts and donations of an average of $692 were made by 35 people.

The costs of tax affairs for 45 people were claimed for $276 each.