TaxStats for postcode 4740 FY2013

Postcode 4740 includes Alexandra, Alligator Creek, Andergrove, Bakers Creek, Balberra, Balnagowan, Beaconsfield, Belmunda, Blacks Beach, Cape Hillsborough, Chelona, Coningsby, Cremorne, Dolphin Heads, Dumbleton, Dundula, Dunnrock, East Mackay, Eimeo, Erakala, Foulden, Glenella, Grasstree Beach, Habana, Haliday Bay, Hay Point, Homebush, Mackay, Mackay Bc, Mackay Caneland, Mackay Dc, Mackay Harbour, Mackay North, Mackay South, Mackay West, Mcewens Beach, Mount Jukes, Mount Pleasant, Munbura, Nindaroo, North Mackay, Ooralea, Paget, Planland, Racecourse, Richmond, Rosella, Rural View, Sandiford, Slade Point, South Mackay, Te Kowai, The Leap, West Mackay in Queensland, and is in the federal electorate of Capricornia.

In FY 2013 the ATO recorded 50,995 individuals in postcode 4740. Of these people, 50,810 made a taxable income or loss. 43,750 of the population paid a gross amount of tax. After tax offsets, 41,400 people actually paid a net amount of tax. There were 9,410 non-taxable people who paid net tax of $0.

Compare TaxStats of 4740 with QLD

4740 TaxStats FY2013%Ppl#Ppl4740
Total Individuals100%50,995
Salary or Wage 87%44,185$65,980$2,915,308,470
Gross Interest54%27,605$1,647$45,457,055
Unfranked Dividends10%4,925$389$1,917,379
Franked Dividends20%9,960$9,298$92,604,100
Dividend Franking Credit19%9,925$3,998$39,683,411
Capital Gains4%1,880$44,051$82,815,942
Termination Payouts4%1,880$8,546$16,066,458
Tips/Directors Fees etc20%10,040$2,573$25,828,433
Business Income5%2,695$21,100$56,863,870
Foreign Income5%2,765$1,053$2,910,614
Government payments5%2,630$4,559$11,990,503
Government pensions4%1,975$9,129$18,030,104
Total Income or Loss100%50,900$70,195$3,572,924,693
Charitable Gifts38%19,370$287$5,553,850
Cost of Tax Affairs53%26,985$329$8,866,799
Work Car expenses22%11,410$2,598$29,646,127
Work Travel expenses6%3,045$2,050$6,242,818
Self Education expenses4%2,175$1,551$3,374,114
Total Deductions88%45,015$2,657$119,607,849
Taxable Income100%50,810$67,886$3,449,301,520
Medicare Levy 79%40,105$1,210$48,538,563
Medicare Surcharge 4%1,825$1,178$2,149,177
Gross Tax 86%43,750$18,380$804,105,148
Net Tax 81%41,400$20,001$828,029,933
Average Tax 100%50,995 $16,237$828,029,933
Gross Tax Rate 86%43,750 27%$804,105,148
Net Tax Rate 81%41,400 29%$828,029,933
Average Tax Rate 100%50,995 24%$828,029,933
%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 $67,886. It is estimated that the average taxable income for people who paid a net amount of tax was $80589.

The average net tax paid was $20,001. This equates to an average tax of 29 cents in the dollar on taxable income.

The Medicare levy was paid by 40,105 people for an average of $1,210. 1,825 people paid $1,178 on average more for the Medicare surcharge.

44,185 people earned a salary or wage and took home an average of $65,980 each.

Government allowance and payments were collected by 2,630 people for on average $4,559. 1,975 people received the pension or other allowance.

Charitable gifts and donations of an average of $287 were made by 19,370 people.

The costs of tax affairs for 26,985 people were claimed for $329 each.