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#Ppl4860
Total Individuals100%6,260
Salary or Wage 78%4,880$41,172$200,920,912
Gross Interest54%3,365$2,599$8,746,166
Unfranked Dividends8%500$401$200,390
Franked Dividends19%1,185$4,975$5,895,075
Dividend Franking Credit19%1,185$2,131$2,525,404
Capital Gains3%185$4,586$848,500
Termination Payouts1%90$5,662$509,569
Tips/Directors Fees etc16%1,025$2,543$2,606,111
Business Income9%545$18,480$10,071,732
Foreign Income7%410$470$192,723
Government payments10%600$5,145$3,087,059
Government pensions6%400$9,816$3,926,558
Total Income or Loss100%6,250$43,018$268,861,256
Charitable Gifts30%1,905$216$411,077
Cost of Tax Affairs50%3,100$274$850,746
Work Car expenses19%1,215$2,145$2,606,604
Work Travel expenses6%380$2,454$932,705
Self Education expenses3%170$1,805$306,931
Total Deductions80%4,985$2,389$11,910,119
Taxable Income99%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.