TaxStats for postcode 5555 FY2013

Postcode 5555 includes Alford, Collinsfield, Dowling, Hope Gap, Hope Gap, Lake View, Lake View, Mundoora, Mundoora, Tickera, Tickera in South Australia, and is in the federal electorate of Grey.

In FY 2013 the ATO recorded 350 individuals in postcode 5555. Of these people, 350 made a taxable income or loss. 280 of the population paid a gross amount of tax. After tax offsets, 260 people actually paid a net amount of tax. There were 90 non-taxable people who paid net tax of $0.

Compare TaxStats of 5555 with SA

5555 TaxStats FY2013%Ppl#Ppl5555
Total Individuals100%350
Salary or Wage 51%180$36,641$6,595,298
Gross Interest73%255$3,292$839,472
Unfranked Dividends26%90$170$15,293
Franked Dividends39%135$2,915$393,495
Dividend Franking Credit39%135$1,247$168,352
Capital Gains17%60$16,620$997,208
Termination Payouts%0$$0
Tips/Directors Fees etc11%40$2,892$115,671
Business Income9%30$10,240$307,207
Foreign Income14%50$176$8,824
Government payments6%20$4,602$92,045
Government pensions4%15$10,970$164,556
Total Income or Loss100%350$50,730$17,755,632
Charitable Gifts16%55$323$17,757
Cost of Tax Affairs33%115$252$28,925
Work Car expenses13%45$2,096$94,334
Work Travel expenses3%10$3,226$32,261
Self Education expenses1%5$2,467$12,336
Total Deductions73%255$4,508$1,149,493
Taxable Income100%350$47,047$16,466,281
Medicare Levy 69%240$936$224,683
Medicare Surcharge 1%5$189$946
Gross Tax 80%280$11,335$3,173,876
Net Tax 74%260$11,739$3,052,026
Average Tax 100%350 $8,720$3,052,026
Gross Tax Rate 80%280 24%$3,173,876
Net Tax Rate 74%260 25%$3,052,026
Average Tax Rate 100%350 19%$3,052,026
%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 $47,047. It is estimated that the average taxable income for people who paid a net amount of tax was $59178.

The average net tax paid was $11,739. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 240 people for an average of $936. 5 people paid $189 on average more for the Medicare surcharge.

180 people earned a salary or wage and took home an average of $36,641 each.

Government allowance and payments were collected by 20 people for on average $4,602. 15 people received the pension or other allowance.

Charitable gifts and donations of an average of $323 were made by 55 people.

The costs of tax affairs for 115 people were claimed for $252 each.