TaxStats for postcode 7120 FY2013

Postcode 7120 includes Andover, Andover, Antill Ponds, Antill Ponds, Baden, Baden, Lemont, Lemont, Levendale, Levendale, Mount Seymour, Mount Seymour, Oatlands, Oatlands, Parattah, Parattah, Pawtella, Pawtella, Rhyndaston, Rhyndaston, Stonehenge, Stonehenge, Swanston, Swanston, Tiberias, Tiberias, Tunbridge, Tunbridge, Tunnack, Tunnack, Whitefoord, Whitefoord, Woodbury, Woodbury, Woodsdale, Woodsdale, York Plains, York Plains in Tasmania, and is in the federal electorate of Lyons.

In FY 2013 the ATO recorded 840 individuals in postcode 7120. Of these people, 830 made a taxable income or loss. 610 of the population paid a gross amount of tax. After tax offsets, 540 people actually paid a net amount of tax. There were 290 non-taxable people who paid net tax of $0.

Compare TaxStats of 7120 with TAS

7120 TaxStats FY2013%Ppl#Ppl7120
Total Individuals100%840
Salary or Wage 70%590$35,312$20,834,002
Gross Interest53%445$1,682$748,624
Unfranked Dividends10%80$1,061$84,896
Franked Dividends26%220$3,385$744,749
Dividend Franking Credit26%220$1,450$318,924
Capital Gains4%30$1,341$40,221
Termination Payouts1%5$8,216$41,078
Tips/Directors Fees etc23%195$2,182$425,423
Business Income14%120$1,824$218,876
Foreign Income4%35$437$15,307
Government payments10%80$6,932$554,586
Government pensions5%45$10,735$483,061
Total Income or Loss99%835$36,968$30,868,553
Charitable Gifts25%210$343$71,983
Cost of Tax Affairs46%390$302$117,956
Work Car expenses24%200$2,507$501,340
Work Travel expenses5%40$2,026$81,024
Self Education expenses2%20$1,258$25,168
Total Deductions74%625$2,220$1,387,409
Taxable Income99%830$35,433$29,409,411
Medicare Levy 59%495$748$370,177
Medicare Surcharge 1%5$999$4,997
Gross Tax 73%610$7,624$4,650,787
Net Tax 64%540$8,451$4,563,723
Average Tax 100%840 $5,433$4,563,723
Gross Tax Rate 73%610 22%$4,650,787
Net Tax Rate 64%540 24%$4,563,723
Average Tax Rate 100%840 15%$4,563,723
%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 $35,433. It is estimated that the average taxable income for people who paid a net amount of tax was $48017.

The average net tax paid was $8,451. This equates to an average tax of 24 cents in the dollar on taxable income.

The Medicare levy was paid by 495 people for an average of $748. 5 people paid $999 on average more for the Medicare surcharge.

590 people earned a salary or wage and took home an average of $35,312 each.

Government allowance and payments were collected by 80 people for on average $6,932. 45 people received the pension or other allowance.

Charitable gifts and donations of an average of $343 were made by 210 people.

The costs of tax affairs for 390 people were claimed for $302 each.