TaxStats for postcode 4860 FY2013
Postcode 4860 includes Bamboo Creek, Belvedere, Coconuts, Cooroo Lands, Coorumba, Coquette Point, Cullinane, Daradgee, East Innisfail, East Palmerston, Eaton, Eubenangee, Fitzgerald Creek, Flying Fish Point, Garradunga, Goondi, Goondi Bend, Goondi Hill, Hudson, Innisfail, Innisfail Estate, Jubilee Heights, Mighell, Mundoo, Nerada, Ngatjan, Njatjan, O'Briens Hill, Palmerston, Pin Gin Hill, South Innisfail, Stoters Hill, Sundown, Upper Daradgee, Vasa Views, Wanjuru, Webb, Wooroonooran in Queensland, and is in the federal electorate of Kennedy.
In FY 2013 the ATO recorded 6,260 individuals in postcode 4860. Of these people, 6,205 made a taxable income or loss. 4,800 of the population paid a gross amount of tax. After tax offsets, 4,275 people actually paid a net amount of tax. There were 1,930 non-taxable people who paid net tax of $0.
Compare TaxStats of 4860 with QLD
| 4860 TaxStats FY2013 | %Ppl | #Ppl | 4860 Avg | 4860 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 6,260 | ||
| Income | ||||
| Salary or Wage | 78% | 4,880 | $41,172 | $200,920,912 |
| Gross Interest | 54% | 3,365 | $2,599 | $8,746,166 |
| Unfranked Dividends | 8% | 500 | $401 | $200,390 |
| Franked Dividends | 19% | 1,185 | $4,975 | $5,895,075 |
| Dividend Franking Credit | 19% | 1,185 | $2,131 | $2,525,404 |
| Capital Gains | 3% | 185 | $4,586 | $848,500 |
| Termination Payouts | 1% | 90 | $5,662 | $509,569 |
| Tips/Directors Fees etc | 16% | 1,025 | $2,543 | $2,606,111 |
| Business Income | 9% | 545 | $18,480 | $10,071,732 |
| Foreign Income | 7% | 410 | $470 | $192,723 |
| Government payments | 10% | 600 | $5,145 | $3,087,059 |
| Government pensions | 6% | 400 | $9,816 | $3,926,558 |
| Total Income or Loss | 100% | 6,250 | $43,018 | $268,861,256 |
| Deducations | ||||
| Charitable Gifts | 30% | 1,905 | $216 | $411,077 |
| Cost of Tax Affairs | 50% | 3,100 | $274 | $850,746 |
| Work Car expenses | 19% | 1,215 | $2,145 | $2,606,604 |
| Work Travel expenses | 6% | 380 | $2,454 | $932,705 |
| Self Education expenses | 3% | 170 | $1,805 | $306,931 |
| Total Deductions | 80% | 4,985 | $2,389 | $11,910,119 |
| Taxation | ||||
| Taxable Income | 99% | 6,205 | $41,216 | $255,742,283 |
| Medicare Levy | 65% | 4,050 | $813 | $3,293,047 |
| Medicare Surcharge | 1% | 60 | $1,182 | $70,919 |
| Gross Tax | 77% | 4,800 | $8,996 | $43,181,616 |
| Net Tax | 68% | 4,275 | $9,980 | $42,663,761 |
| Average Tax | 100% | 6,260 | $6,815 | $42,663,761 |
| Gross Tax Rate | 77% | 4,800 | 22% | $43,181,616 |
| Net Tax Rate | 68% | 4,275 | 24% | $42,663,761 |
| Average Tax Rate | 100% | 6,260 | 17% | $42,663,761 |
| %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 $41,216. It is estimated that the average taxable income for people who paid a net amount of tax was $54405.
The average net tax paid was $9,980. This equates to an average tax of 24 cents in the dollar on taxable income.
The Medicare levy was paid by 4,050 people for an average of $813. 60 people paid $1,182 on average more for the Medicare surcharge.
4,880 people earned a salary or wage and took home an average of $41,172 each.
Government allowance and payments were collected by 600 people for on average $5,145. 400 people received the pension or other allowance.
Charitable gifts and donations of an average of $216 were made by 1,905 people.
The costs of tax affairs for 3,100 people were claimed for $274 each.