TaxStats for postcode 5575 FY2013
Postcode 5575 includes Bluff Beach, Brentwood, Corny Point, Hardwicke Bay, Koolywurtie, Marion Bay, Minlaton, Point Turton, Port Rickaby, Ramsay, Stenhouse Bay, White Hut, Wool Bay in South Australia, and is in the federal electorate of Grey.
In FY 2013 the ATO recorded 1,155 individuals in postcode 5575. Of these people, 1,140 made a taxable income or loss. 845 of the population paid a gross amount of tax. After tax offsets, 725 people actually paid a net amount of tax. There were 415 non-taxable people who paid net tax of $0.
Compare TaxStats of 5575 with SA
| 5575 TaxStats FY2013 | %Ppl | #Ppl | 5575 Avg | 5575 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 1,155 | ||
| Income | ||||
| Salary or Wage | 58% | 670 | $39,598 | $26,530,385 |
| Gross Interest | 68% | 785 | $2,256 | $1,771,126 |
| Unfranked Dividends | 22% | 250 | $669 | $167,192 |
| Franked Dividends | 34% | 390 | $4,587 | $1,788,940 |
| Dividend Franking Credit | 34% | 390 | $1,965 | $766,256 |
| Capital Gains | 12% | 140 | $10,904 | $1,526,556 |
| Termination Payouts | 1% | 10 | $5,381 | $53,807 |
| Tips/Directors Fees etc | 13% | 155 | $1,495 | $231,754 |
| Business Income | 14% | 160 | $13,861 | $2,217,682 |
| Foreign Income | 11% | 130 | $260 | $33,764 |
| Government payments | 9% | 100 | $5,940 | $593,960 |
| Government pensions | 9% | 105 | $10,960 | $1,150,835 |
| Total Income or Loss | 100% | 1,155 | $42,333 | $48,894,453 |
| Deducations | ||||
| Charitable Gifts | 21% | 240 | $378 | $90,761 |
| Cost of Tax Affairs | 37% | 430 | $299 | $128,543 |
| Work Car expenses | 21% | 245 | $1,932 | $473,408 |
| Work Travel expenses | 5% | 55 | $1,624 | $89,317 |
| Self Education expenses | 2% | 25 | $1,765 | $44,118 |
| Total Deductions | 74% | 850 | $3,686 | $3,132,792 |
| Taxation | ||||
| Taxable Income | 99% | 1,140 | $39,701 | $45,259,516 |
| Medicare Levy | 61% | 700 | $823 | $576,359 |
| Medicare Surcharge | 1% | 15 | $1,151 | $17,272 |
| Gross Tax | 73% | 845 | $9,087 | $7,678,879 |
| Net Tax | 63% | 725 | $10,304 | $7,470,494 |
| Average Tax | 100% | 1,155 | $6,468 | $7,470,494 |
| Gross Tax Rate | 73% | 845 | 23% | $7,678,879 |
| Net Tax Rate | 63% | 725 | 26% | $7,470,494 |
| Average Tax Rate | 100% | 1,155 | 16% | $7,470,494 |
| %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 $39,701. It is estimated that the average taxable income for people who paid a net amount of tax was $55558.
The average net tax paid was $10,304. This equates to an average tax of 26 cents in the dollar on taxable income.
The Medicare levy was paid by 700 people for an average of $823. 15 people paid $1,151 on average more for the Medicare surcharge.
670 people earned a salary or wage and took home an average of $39,598 each.
Government allowance and payments were collected by 100 people for on average $5,940. 105 people received the pension or other allowance.
Charitable gifts and donations of an average of $378 were made by 240 people.
The costs of tax affairs for 430 people were claimed for $299 each.