TaxStats for postcode 5550 FY2013

Postcode 5550 includes Beaufort, Bowmans, Inkerman, Kallora, Nantawarra, Port Wakefield, Proof Range, South Hummocks in South Australia, and is in the federal electorate of Wakefield.

In FY 2013 the ATO recorded 445 individuals in postcode 5550. Of these people, 440 made a taxable income or loss. 340 of the population paid a gross amount of tax. After tax offsets, 315 people actually paid a net amount of tax. There were 125 non-taxable people who paid net tax of $0.

Compare TaxStats of 5550 with SA

5550 TaxStats FY2013%Ppl#Ppl5550
Total Individuals100%445
Salary or Wage 78%345$39,637$13,674,666
Gross Interest51%225$1,820$409,563
Unfranked Dividends7%30$93$2,776
Franked Dividends12%55$1,005$55,284
Dividend Franking Credit12%55$432$23,760
Capital Gains6%25$21,482$537,058
Termination Payouts1%5$27,305$136,525
Tips/Directors Fees etc13%60$2,348$140,870
Business Income8%35$20,008$700,268
Foreign Income6%25$1,864$46,606
Government payments9%40$5,360$214,383
Government pensions4%20$8,138$162,760
Total Income or Loss100%445$42,368$18,853,813
Charitable Gifts40%180$270$48,685
Cost of Tax Affairs51%225$176$39,630
Work Car expenses22%100$2,089$208,881
Work Travel expenses3%15$5,189$77,831
Self Education expenses2%10$1,736$17,363
Total Deductions79%350$2,408$842,720
Taxable Income99%440$40,515$17,826,786
Medicare Levy 65%290$763$221,212
Medicare Surcharge %0$$0
Gross Tax 76%340$8,455$2,874,672
Net Tax 71%315$8,998$2,834,225
Average Tax 100%445 $6,369$2,834,225
Gross Tax Rate 76%340 21%$2,874,672
Net Tax Rate 71%315 22%$2,834,225
Average Tax Rate 100%445 16%$2,834,225
%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 $40,515. It is estimated that the average taxable income for people who paid a net amount of tax was $51831.

The average net tax paid was $8,998. This equates to an average tax of 22 cents in the dollar on taxable income.

The Medicare levy was paid by 290 people for an average of $763.

345 people earned a salary or wage and took home an average of $39,637 each.

Government allowance and payments were collected by 40 people for on average $5,360. 20 people received the pension or other allowance.

Charitable gifts and donations of an average of $270 were made by 180 people.

The costs of tax affairs for 225 people were claimed for $176 each.