TaxStats for postcode 4727 FY2013

Postcode 4727 includes Ilfracombe in Queensland, and is in the federal electorate of Maranoa.

In FY 2013 the ATO recorded 175 individuals in postcode 4727. Of these people, 175 made a taxable income or loss. 135 of the population paid a gross amount of tax. After tax offsets, 125 people actually paid a net amount of tax. There were 50 non-taxable people who paid net tax of $0.

Compare TaxStats of 4727 with QLD

4727 TaxStats FY2013%Ppl#Ppl4727
Avg
4727
Total
Total Individuals100%175
Income
Salary or Wage 66%115$46,693$5,369,718
Gross Interest60%105$1,461$153,365
Unfranked Dividends20%35$272$9,524
Franked Dividends26%45$4,443$199,930
Dividend Franking Credit26%45$1,904$85,669
Capital Gains3%5$2,594$12,972
Termination Payouts3%5$336$1,680
Tips/Directors Fees etc14%25$1,599$39,980
Business Income23%40$11,027$441,067
Foreign Income9%15$178$2,666
Government payments3%5$4,567$22,836
Government pensions3%5$3,199$15,993
Total Income or Loss100%175$43,039$7,531,856
Deducations
Charitable Gifts20%35$234$8,196
Cost of Tax Affairs43%75$344$25,826
Work Car expenses17%30$2,986$89,572
Work Travel expenses9%15$2,802$42,036
Self Education expenses6%10$774$7,742
Total Deductions74%130$2,520$327,592
Taxation
Taxable Income100%175$41,167$7,204,264
Medicare Levy 69%120$848$101,798
Medicare Surcharge 3%5$587$2,935
Gross Tax 77%135$9,527$1,286,143
Net Tax 71%125$10,088$1,261,060
Average Tax 100%175 $7,206$1,261,060
Gross Tax Rate 77%135 23%$1,286,143
Net Tax Rate 71%125 25%$1,261,060
Average Tax Rate 100%175 18%$1,261,060
%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 $41,167. It is estimated that the average taxable income for people who paid a net amount of tax was $52834.

The average net tax paid was $10,088. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 120 people for an average of $848. 5 people paid $587 on average more for the Medicare surcharge.

115 people earned a salary or wage and took home an average of $46,693 each.

Government allowance and payments were collected by 5 people for on average $4,567. 5 people received the pension or other allowance.

Charitable gifts and donations of an average of $234 were made by 35 people.

The costs of tax affairs for 75 people were claimed for $344 each.