TaxStats for postcode 4750 FY2013
Postcode 4750 includes Bucasia, Shoal Point in Queensland, and is in the federal electorate of Dawson.
In FY 2013 the ATO recorded 3,040 individuals in postcode 4750. Of these people, 3,035 made a taxable income or loss. 2,595 of the population paid a gross amount of tax. After tax offsets, 2,475 people actually paid a net amount of tax. There were 560 non-taxable people who paid net tax of $0.
Compare TaxStats of 4750 with QLD
| 4750 TaxStats FY2013 | %Ppl | #Ppl | 4750 Avg | 4750 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 3,040 | ||
| Income | ||||
| Salary or Wage | 88% | 2,685 | $70,340 | $188,862,436 |
| Gross Interest | 53% | 1,600 | $992 | $1,586,801 |
| Unfranked Dividends | 9% | 260 | $769 | $199,820 |
| Franked Dividends | 17% | 530 | $4,360 | $2,310,872 |
| Dividend Franking Credit | 17% | 525 | $1,886 | $990,352 |
| Capital Gains | 4% | 120 | $8,405 | $1,008,542 |
| Termination Payouts | 4% | 120 | $9,840 | $1,180,854 |
| Tips/Directors Fees etc | 20% | 600 | $2,767 | $1,659,933 |
| Business Income | 6% | 175 | $21,316 | $3,730,325 |
| Foreign Income | 5% | 160 | $1,622 | $259,511 |
| Government payments | 5% | 150 | $4,511 | $676,579 |
| Government pensions | 3% | 105 | $9,400 | $987,048 |
| Total Income or Loss | 100% | 3,035 | $70,855 | $215,044,029 |
| Deducations | ||||
| Charitable Gifts | 40% | 1,210 | $233 | $282,175 |
| Cost of Tax Affairs | 53% | 1,625 | $365 | $592,423 |
| Work Car expenses | 25% | 755 | $2,714 | $2,049,002 |
| Work Travel expenses | 7% | 220 | $1,686 | $370,830 |
| Self Education expenses | 6% | 170 | $1,447 | $246,023 |
| Total Deductions | 89% | 2,715 | $2,783 | $7,555,702 |
| Taxation | ||||
| Taxable Income | 100% | 3,035 | $68,336 | $207,398,258 |
| Medicare Levy | 80% | 2,425 | $1,210 | $2,935,101 |
| Medicare Surcharge | 4% | 125 | $1,174 | $146,742 |
| Gross Tax | 85% | 2,595 | $18,463 | $47,910,956 |
| Net Tax | 81% | 2,475 | $19,901 | $49,254,514 |
| Average Tax | 100% | 3,040 | $16,202 | $49,254,514 |
| Gross Tax Rate | 85% | 2,595 | 27% | $47,910,956 |
| Net Tax Rate | 81% | 2,475 | 29% | $49,254,514 |
| Average Tax Rate | 100% | 3,040 | 24% | $49,254,514 |
| %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 $68,336. It is estimated that the average taxable income for people who paid a net amount of tax was $81082.
The average net tax paid was $19,901. This equates to an average tax of 29 cents in the dollar on taxable income.
The Medicare levy was paid by 2,425 people for an average of $1,210. 125 people paid $1,174 on average more for the Medicare surcharge.
2,685 people earned a salary or wage and took home an average of $70,340 each.
Government allowance and payments were collected by 150 people for on average $4,511. 105 people received the pension or other allowance.
Charitable gifts and donations of an average of $233 were made by 1,210 people.
The costs of tax affairs for 1,625 people were claimed for $365 each.