TaxStats for postcode 7249 FY2013

Postcode 7249 includes Glen Dhu, Glen Dhu, Kings Meadows, Kings Meadows, Punchbowl, Punchbowl, Sandhill, Sandhill, South Launceston, South Launceston, Youngtown, Youngtown in Tasmania, and is in the federal electorate of Bass.

In FY 2013 the ATO recorded 5,820 individuals in postcode 7249. Of these people, 5,805 made a taxable income or loss. 4,775 of the population paid a gross amount of tax. After tax offsets, 4,340 people actually paid a net amount of tax. There were 1,465 non-taxable people who paid net tax of $0.

Compare TaxStats of 7249 with TAS

7249 TaxStats FY2013%Ppl#Ppl7249
Total Individuals100%5,820
Salary or Wage 84%4,860$44,653$217,013,124
Gross Interest52%3,030$1,516$4,594,763
Unfranked Dividends6%330$394$129,911
Franked Dividends26%1,495$2,643$3,951,559
Dividend Franking Credit25%1,480$1,144$1,692,981
Capital Gains3%165$4,202$693,356
Termination Payouts1%60$14,974$898,458
Tips/Directors Fees etc16%930$2,363$2,197,439
Business Income8%440$13,747$6,048,580
Foreign Income3%190$438$83,214
Government payments11%665$5,556$3,694,608
Government pensions7%435$9,464$4,116,669
Total Income or Loss100%5,810$45,397$263,757,683
Charitable Gifts36%2,110$256$539,508
Cost of Tax Affairs49%2,855$204$583,199
Work Car expenses23%1,355$1,815$2,458,697
Work Travel expenses9%500$1,194$597,164
Self Education expenses4%240$1,273$305,628
Total Deductions85%4,965$1,857$9,218,307
Taxable Income100%5,805$43,826$254,407,923
Medicare Levy 71%4,155$807$3,351,592
Medicare Surcharge 1%40$1,049$41,955
Gross Tax 82%4,775$9,048$43,202,093
Net Tax 75%4,340$10,096$43,815,376
Average Tax 100%5,820 $7,528$43,815,376
Gross Tax Rate 82%4,775 21%$43,202,093
Net Tax Rate 75%4,340 23%$43,815,376
Average Tax Rate 100%5,820 17%$43,815,376
%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 $43,826. It is estimated that the average taxable income for people who paid a net amount of tax was $54569.

The average net tax paid was $10,096. This equates to an average tax of 23 cents in the dollar on taxable income.

The Medicare levy was paid by 4,155 people for an average of $807. 40 people paid $1,049 on average more for the Medicare surcharge.

4,860 people earned a salary or wage and took home an average of $44,653 each.

Government allowance and payments were collected by 665 people for on average $5,556. 435 people received the pension or other allowance.

Charitable gifts and donations of an average of $256 were made by 2,110 people.

The costs of tax affairs for 2,855 people were claimed for $204 each.