TaxStats for postcode 3707 FY2013

Postcode 3707 includes Biggara, Bringenbrong, Colac Colac, Corryong, Nariel Valley, Thowgla Valley, Tom Groggin, Towong, Towong Upper in Victoria, and is in the federal electorate of Indi.

In FY 2013 the ATO recorded 1,005 individuals in postcode 3707. Of these people, 995 made a taxable income or loss. 750 of the population paid a gross amount of tax. After tax offsets, 650 people actually paid a net amount of tax. There were 345 non-taxable people who paid net tax of $0.

Compare TaxStats of 3707 with VIC

3707 TaxStats FY2013%Ppl#Ppl3707
Total Individuals100%1,005
Salary or Wage 62%620$40,414$25,056,842
Gross Interest63%635$1,948$1,236,949
Unfranked Dividends22%220$746$164,158
Franked Dividends28%280$2,556$715,613
Dividend Franking Credit28%280$1,095$306,630
Capital Gains4%45$6,277$282,453
Termination Payouts1%10$10,476$104,762
Tips/Directors Fees etc17%170$1,720$292,471
Business Income14%140$10,457$1,463,928
Foreign Income5%55$360$19,780
Government payments7%75$6,781$508,543
Government pensions9%90$10,183$916,511
Total Income or Loss100%1,000$38,502$38,502,339
Charitable Gifts27%270$303$81,866
Cost of Tax Affairs41%410$327$134,045
Work Car expenses18%185$2,185$404,216
Work Travel expenses6%60$1,896$113,746
Self Education expenses4%40$2,313$92,516
Total Deductions73%735$2,381$1,749,838
Taxable Income99%995$36,797$36,613,017
Medicare Levy 61%610$758$462,142
Medicare Surcharge 1%10$1,602$16,019
Gross Tax 75%750$7,653$5,739,452
Net Tax 65%650$8,677$5,640,283
Average Tax 100%1,005 $5,612$5,640,283
Gross Tax Rate 75%750 21%$5,739,452
Net Tax Rate 65%650 24%$5,640,283
Average Tax Rate 100%1,005 15%$5,640,283
%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 $36,797. It is estimated that the average taxable income for people who paid a net amount of tax was $49958.

The average net tax paid was $8,677. This equates to an average tax of 24 cents in the dollar on taxable income.

The Medicare levy was paid by 610 people for an average of $758. 10 people paid $1,602 on average more for the Medicare surcharge.

620 people earned a salary or wage and took home an average of $40,414 each.

Government allowance and payments were collected by 75 people for on average $6,781. 90 people received the pension or other allowance.

Charitable gifts and donations of an average of $303 were made by 270 people.

The costs of tax affairs for 410 people were claimed for $327 each.