TaxStats for postcode 5560 FY2013

Postcode 5560 includes Bute, Ninnes in South Australia, and is in the federal electorate of Grey.

In FY 2013 the ATO recorded 255 individuals in postcode 5560. Of these people, 245 made a taxable income or loss. 210 of the population paid a gross amount of tax. After tax offsets, 180 people actually paid a net amount of tax. There were 65 non-taxable people who paid net tax of $0.

Compare TaxStats of 5560 with SA

5560 TaxStats FY2013%Ppl#Ppl5560
Total Individuals100%255
Salary or Wage 61%155$36,805$5,704,784
Gross Interest69%175$2,571$449,894
Unfranked Dividends24%60$231$13,878
Franked Dividends33%85$4,825$410,164
Dividend Franking Credit33%85$2,064$175,414
Capital Gains20%50$25,793$1,289,653
Termination Payouts2%5$942$4,712
Tips/Directors Fees etc18%45$3,750$168,769
Business Income8%20$17,838$356,768
Foreign Income18%45$478$21,495
Government payments8%20$5,225$104,504
Government pensions8%20$12,165$243,302
Total Income or Loss100%255$51,932$13,242,755
Charitable Gifts37%95$296$28,146
Cost of Tax Affairs49%125$281$35,090
Work Car expenses18%45$2,229$100,299
Work Travel expenses6%15$3,823$57,349
Self Education expenses%0$$0
Total Deductions80%205$5,247$1,075,633
Taxable Income96%245$48,758$11,945,725
Medicare Levy 69%175$948$165,828
Medicare Surcharge 2%5$339$1,695
Gross Tax 82%210$11,566$2,428,849
Net Tax 71%180$12,720$2,289,587
Average Tax 100%255 $8,979$2,289,587
Gross Tax Rate 82%210 24%$2,428,849
Net Tax Rate 71%180 26%$2,289,587
Average Tax Rate 100%255 18%$2,289,587
%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 $48,758. It is estimated that the average taxable income for people who paid a net amount of tax was $62032.

The average net tax paid was $12,720. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 175 people for an average of $948. 5 people paid $339 on average more for the Medicare surcharge.

155 people earned a salary or wage and took home an average of $36,805 each.

Government allowance and payments were collected by 20 people for on average $5,225. 20 people received the pension or other allowance.

Charitable gifts and donations of an average of $296 were made by 95 people.

The costs of tax affairs for 125 people were claimed for $281 each.