TaxStats for postcode 4825 FY2013

Postcode 4825 includes Alexandria, Alpurrurulam, Barkly, Breakaway, Buckingham, Carrandotta, Dajarra, Duchess, Fielding, Fisher, Georgina, Gunpowder, Happy Valley, Happy Valley, Healy, Kalkadoon, Lanskey, Lawn Hill, Menzies, Mica Creek, Miles End, Mornington, Mount Isa, Mount Isa City, Mount Isa Dc, Mount Isa East, Parkside, Parkside, Pioneer, Piturie, Ranken, Ryan, Soldiers Hill, Spreadborough, Sunset, The Gap, The Monument, Townview, Waverley, Winston in Queensland, and is in the federal electorate of Kennedy.

In FY 2013 the ATO recorded 12,600 individuals in postcode 4825. Of these people, 12,570 made a taxable income or loss. 11,150 of the population paid a gross amount of tax. After tax offsets, 10,640 people actually paid a net amount of tax. There were 1,930 non-taxable people who paid net tax of $0.

Compare TaxStats of 4825 with QLD

4825 TaxStats FY2013%Ppl#Ppl4825
Total Individuals100%12,600
Salary or Wage 94%11,860$72,670$861,866,081
Gross Interest47%5,870$926$5,433,112
Unfranked Dividends4%550$242$132,886
Franked Dividends9%1,190$5,049$6,008,758
Dividend Franking Credit9%1,185$2,170$2,571,168
Capital Gains2%270$14,473$3,907,794
Termination Payouts3%325$4,737$1,539,687
Tips/Directors Fees etc11%1,360$2,440$3,318,006
Business Income5%575$16,973$9,759,359
Foreign Income3%400$548$219,066
Government payments6%730$5,008$3,655,744
Government pensions3%335$8,959$3,001,208
Total Income or Loss100%12,585$72,577$913,381,312
Charitable Gifts32%3,985$327$1,304,473
Cost of Tax Affairs58%7,325$313$2,291,295
Work Car expenses22%2,715$1,950$5,294,771
Work Travel expenses6%770$2,233$1,719,759
Self Education expenses5%615$2,181$1,341,232
Total Deductions89%11,220$2,215$24,851,822
Taxable Income100%12,570$70,505$886,243,566
Medicare Levy 82%10,360$1,214$12,573,233
Medicare Surcharge 6%815$1,087$885,666
Gross Tax 88%11,150$18,310$204,160,179
Net Tax 84%10,640$19,546$207,966,304
Average Tax 100%12,600 $16,505$207,966,304
Gross Tax Rate 88%11,150 26%$204,160,179
Net Tax Rate 84%10,640 28%$207,966,304
Average Tax Rate 100%12,600 23%$207,966,304
%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 $70,505. It is estimated that the average taxable income for people who paid a net amount of tax was $81117.

The average net tax paid was $19,546. This equates to an average tax of 28 cents in the dollar on taxable income.

The Medicare levy was paid by 10,360 people for an average of $1,214. 815 people paid $1,087 on average more for the Medicare surcharge.

11,860 people earned a salary or wage and took home an average of $72,670 each.

Government allowance and payments were collected by 730 people for on average $5,008. 335 people received the pension or other allowance.

Charitable gifts and donations of an average of $327 were made by 3,985 people.

The costs of tax affairs for 7,325 people were claimed for $313 each.