TaxStats for postcode 4714 FY2013

Postcode 4714 includes Baree, Boulder Creek, Fletcher Creek, Hamilton Creek, Horse Creek, Johnsons Hill, Leydens Hill, Limestone, Moongan, Mount Morgan, Nine Mile Creek, Oakey Creek, Struck Oil, The Mine, Trotter Creek, Walmul, Walterhall, Wura in Queensland, and is in the federal electorate of Flynn.

In FY 2013 the ATO recorded 1,120 individuals in postcode 4714. Of these people, 1,110 made a taxable income or loss. 890 of the population paid a gross amount of tax. After tax offsets, 800 people actually paid a net amount of tax. There were 310 non-taxable people who paid net tax of $0.

Compare TaxStats of 4714 with QLD

4714 TaxStats FY2013%Ppl#Ppl4714
Total Individuals100%1,120
Salary or Wage 86%960$50,884$48,849,097
Gross Interest42%475$904$429,570
Unfranked Dividends5%60$126$7,567
Franked Dividends10%115$2,598$298,819
Dividend Franking Credit10%115$1,113$128,046
Capital Gains2%25$6,061$151,517
Termination Payouts4%50$5,579$278,941
Tips/Directors Fees etc21%235$1,942$456,423
Business Income6%70$-3,292$-230,442
Foreign Income2%20$1,060$21,191
Government payments15%170$6,305$1,071,828
Government pensions9%100$10,454$1,045,354
Total Income or Loss100%1,115$49,843$55,574,966
Charitable Gifts35%390$163$63,746
Cost of Tax Affairs53%595$243$144,565
Work Car expenses22%245$2,193$537,350
Work Travel expenses6%65$2,794$181,615
Self Education expenses3%35$1,170$40,959
Total Deductions86%960$1,948$1,870,282
Taxable Income99%1,110$48,256$53,564,301
Medicare Levy 67%755$939$708,989
Medicare Surcharge 2%25$1,077$26,929
Gross Tax 79%890$11,164$9,935,936
Net Tax 71%800$12,590$10,072,400
Average Tax 100%1,120 $8,993$10,072,400
Gross Tax Rate 79%890 23%$9,935,936
Net Tax Rate 71%800 26%$10,072,400
Average Tax Rate 100%1,120 19%$10,072,400
%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 $48,256. It is estimated that the average taxable income for people who paid a net amount of tax was $62305.

The average net tax paid was $12,590. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 755 people for an average of $939. 25 people paid $1,077 on average more for the Medicare surcharge.

960 people earned a salary or wage and took home an average of $50,884 each.

Government allowance and payments were collected by 170 people for on average $6,305. 100 people received the pension or other allowance.

Charitable gifts and donations of an average of $163 were made by 390 people.

The costs of tax affairs for 595 people were claimed for $243 each.