TaxStats for postcode 7174 FY2013

Postcode 7174 includes Copping in Tasmania, and is in the federal electorate of Lyons.

In FY 2013 the ATO recorded 90 individuals in postcode 7174. Of these people, 90 made a taxable income or loss. 75 of the population paid a gross amount of tax. After tax offsets, 65 people actually paid a net amount of tax. There were 25 non-taxable people who paid net tax of $0.

Compare TaxStats of 7174 with TAS

7174 TaxStats FY2013%Ppl#Ppl7174
Total Individuals100%90
Salary or Wage 78%70$45,109$3,157,600
Gross Interest50%45$2,429$109,321
Unfranked Dividends6%5$12$61
Franked Dividends17%15$8,991$134,865
Dividend Franking Credit17%15$3,853$57,794
Capital Gains6%5$26$131
Termination Payouts6%5$400$2,000
Tips/Directors Fees etc22%20$2,434$48,671
Business Income17%15$15,902$238,528
Foreign Income6%5$147$736
Government payments17%15$5,528$82,916
Government pensions6%5$12,835$64,174
Total Income or Loss100%90$44,890$4,040,094
Charitable Gifts28%25$99$2,463
Cost of Tax Affairs39%35$212$7,423
Work Car expenses22%20$2,325$46,500
Work Travel expenses6%5$3,111$15,555
Self Education expenses6%5$259$1,295
Total Deductions83%75$1,967$147,546
Taxable Income100%90$43,244$3,891,957
Medicare Levy 67%60$818$49,104
Medicare Surcharge 6%5$29$147
Gross Tax 83%75$9,118$683,828
Net Tax 72%65$10,780$700,730
Average Tax 100%90 $7,786$700,730
Gross Tax Rate 83%75 21%$683,828
Net Tax Rate 72%65 25%$700,730
Average Tax Rate 100%90 18%$700,730
%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 $43,244. It is estimated that the average taxable income for people who paid a net amount of tax was $55261.

The average net tax paid was $10,780. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 60 people for an average of $818. 5 people paid $29 on average more for the Medicare surcharge.

70 people earned a salary or wage and took home an average of $45,109 each.

Government allowance and payments were collected by 15 people for on average $5,528. 5 people received the pension or other allowance.

Charitable gifts and donations of an average of $99 were made by 25 people.

The costs of tax affairs for 35 people were claimed for $212 each.