TaxStats for postcode 7017 FY2013

Postcode 7017 includes Grasstree Hill, Honeywood, Old Beach, Otago, Risdon, Tea Tree in Tasmania, and is in the federal electorate of Franklin.

In FY 2013 the ATO recorded 2,990 individuals in postcode 7017. Of these people, 2,980 made a taxable income or loss. 2,505 of the population paid a gross amount of tax. After tax offsets, 2,330 people actually paid a net amount of tax. There were 650 non-taxable people who paid net tax of $0.

Compare TaxStats of 7017 with TAS

7017 TaxStats FY2013%Ppl#Ppl7017
Total Individuals100%2,990
Salary or Wage 84%2,500$48,488$121,220,713
Gross Interest52%1,545$1,220$1,885,324
Unfranked Dividends7%205$209$42,887
Franked Dividends29%860$4,108$3,532,658
Dividend Franking Credit29%855$1,771$1,514,274
Capital Gains3%100$8,961$896,121
Termination Payouts2%45$7,074$318,335
Tips/Directors Fees etc17%495$2,594$1,284,264
Business Income9%260$18,606$4,837,539
Foreign Income4%120$320$38,349
Government payments6%165$5,343$881,632
Government pensions5%150$8,698$1,304,642
Total Income or Loss100%2,985$49,721$148,418,480
Charitable Gifts39%1,160$235$272,736
Cost of Tax Affairs53%1,570$209$328,883
Work Car expenses26%780$2,143$1,671,570
Work Travel expenses7%200$1,176$235,157
Self Education expenses3%100$1,210$120,984
Total Deductions87%2,605$2,120$5,522,107
Taxable Income100%2,980$47,919$142,798,197
Medicare Levy 75%2,250$866$1,949,020
Medicare Surcharge 1%15$1,296$19,441
Gross Tax 84%2,505$10,245$25,663,678
Net Tax 78%2,330$11,304$26,337,468
Average Tax 100%2,990 $8,809$26,337,468
Gross Tax Rate 84%2,505 21%$25,663,678
Net Tax Rate 78%2,330 24%$26,337,468
Average Tax Rate 100%2,990 18%$26,337,468
%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 $47,919. It is estimated that the average taxable income for people who paid a net amount of tax was $57939.

The average net tax paid was $11,304. This equates to an average tax of 24 cents in the dollar on taxable income.

The Medicare levy was paid by 2,250 people for an average of $866. 15 people paid $1,296 on average more for the Medicare surcharge.

2,500 people earned a salary or wage and took home an average of $48,488 each.

Government allowance and payments were collected by 165 people for on average $5,343. 150 people received the pension or other allowance.

Charitable gifts and donations of an average of $235 were made by 1,160 people.

The costs of tax affairs for 1,570 people were claimed for $209 each.