Tax stats show incomes rose $352 in 2016-17

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Bundaberg Region residents have lower taxable incomes than the Australian average, according to the Australian Taxation Office (ATO) annual statistics report for 2016-17.

The report presents an overview of 16.5 million income tax returns for 13.9 million individuals, 970,000 companies, also super funds, partnerships and trusts.

The average annual taxable income for individuals across Australia was $59,014 while in the 4670 postcode area it was $46,607.

This reflects the higher proportion of retirees in the Bundaberg Region, where the median age is 45 compared with 38 for the whole of Australia.

The 4670 postcode includes Bundaberg, Bargara, Burnett Heads and Moore Park Beach. The 4660 postcode includes Childers and Woodgate; Gin Gin's postcode is 4671.

PostcodeTaxpayers2016-17 average income
467040,149$46,607
46603528$42,947
46712713$39,466
Australia13,900,000$59,014

The 2016-17 average was $352 higher than the previous year, which was $46,255 in the 4670 postcode.

The ATO statistics cover areas such as average taxable income by occupation and state.

The profession with the highest income was surgeons, with a national average taxable income of $394,866. Anaesthetists filled the second spot with an average income of $367,343 and internal medicine specialists came in third with an average income of $299,378.

In Queensland, the profession with the highest income was surgeons with an average taxable income of $439,626.

tax stats
The average taxable income in the 4670 postcode area was $46,607.

Out of around 1100 occupations recorded, there were 72 occupations where women had an average taxable income higher than men. This included authors, future traders, magistrates, professional surfers and illustrators.

The national average annual taxable income for men was $69,278 and $48,118 for women.

The highest average taxable income of $230,330 was recorded in Sydney’s 2108 postcode which covers Coasters Retreat, Currawong Beach, Great Mackerel Beach and Palm Beach. 

Queensland’s postcode 4007, covering Ascot, Hamilton and Hamilton Central, was the highest earning Queensland postcode with an average taxable income of $107,478.

Australia continues to be a charitable nation. In total, Australians reported donating $3.5 billion with an average gift size, for those who did donate, of $770.

The most generous state was Western Australia, with 30 per cent of residents claiming an average deduction of $1,190. Northern Territory residents recorded the lowest charitable donations, with 34 per cent of residents claiming an average deduction of $405.

In Queensland, 30 per cent of residents claimed an average donation of $487.