TaxStats for postcode 4868 FY2013

Postcode 4868 includes Bayview Heights, Mount Sheridan, White Rock, Woree in Queensland, and is in the federal electorate of Leichhardt.

In FY 2013 the ATO recorded 11,160 individuals in postcode 4868. Of these people, 11,110 made a taxable income or loss. 9,335 of the population paid a gross amount of tax. After tax offsets, 8,595 people actually paid a net amount of tax. There were 2,515 non-taxable people who paid net tax of $0.

Compare TaxStats of 4868 with QLD

4868 TaxStats FY2013%Ppl#Ppl4868
Total Individuals100%11,160
Salary or Wage 85%9,520$49,296$469,302,124
Gross Interest50%5,525$1,455$8,037,627
Unfranked Dividends6%665$369$245,429
Franked Dividends16%1,750$6,453$11,292,335
Dividend Franking Credit16%1,745$2,774$4,840,834
Capital Gains2%255$28,431$7,249,908
Termination Payouts2%270$6,027$1,627,249
Tips/Directors Fees etc20%2,245$2,265$5,084,229
Business Income8%880$20,662$18,182,176
Foreign Income4%480$1,550$744,056
Government payments8%945$5,060$4,781,682
Government pensions6%625$8,898$5,561,218
Total Income or Loss100%11,125$52,255$581,339,527
Charitable Gifts39%4,405$234$1,031,275
Cost of Tax Affairs58%6,515$261$1,701,097
Work Car expenses29%3,225$2,235$7,209,079
Work Travel expenses9%1,005$1,985$1,995,017
Self Education expenses5%535$1,512$808,805
Total Deductions87%9,725$2,613$25,410,075
Taxable Income100%11,110$49,967$555,134,383
Medicare Levy 73%8,105$905$7,331,222
Medicare Surcharge 2%170$1,414$240,372
Gross Tax 84%9,335$11,203$104,582,588
Net Tax 77%8,595$11,970$102,880,344
Average Tax 100%11,160 $9,219$102,880,344
Gross Tax Rate 84%9,335 22%$104,582,588
Net Tax Rate 77%8,595 24%$102,880,344
Average Tax Rate 100%11,160 18%$102,880,344
%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 $49,967. It is estimated that the average taxable income for people who paid a net amount of tax was $61077.

The average net tax paid was $11,970. This equates to an average tax of 24 cents in the dollar on taxable income.

The Medicare levy was paid by 8,105 people for an average of $905. 170 people paid $1,414 on average more for the Medicare surcharge.

9,520 people earned a salary or wage and took home an average of $49,296 each.

Government allowance and payments were collected by 945 people for on average $5,060. 625 people received the pension or other allowance.

Charitable gifts and donations of an average of $234 were made by 4,405 people.

The costs of tax affairs for 6,515 people were claimed for $261 each.