TaxStats for postcode 7290 FY2013

Postcode 7290 includes Hadspen, Hadspen in Tasmania, and is in the federal electorate of Bass.

In FY 2013 the ATO recorded 1,180 individuals in postcode 7290. Of these people, 1,175 made a taxable income or loss. 960 of the population paid a gross amount of tax. After tax offsets, 880 people actually paid a net amount of tax. There were 295 non-taxable people who paid net tax of $0.

Compare TaxStats of 7290 with TAS

7290 TaxStats FY2013%Ppl#Ppl7290
Total Individuals100%1,180
Salary or Wage 86%1,015$44,189$44,851,551
Gross Interest52%610$873$532,562
Unfranked Dividends6%70$115$8,030
Franked Dividends26%305$1,812$552,647
Dividend Franking Credit26%305$777$236,984
Capital Gains2%25$1,261$31,520
Termination Payouts2%20$4,574$91,489
Tips/Directors Fees etc18%215$2,162$464,828
Business Income6%75$16,590$1,244,225
Foreign Income3%30$112$3,358
Government payments7%85$5,372$456,652
Government pensions6%70$8,969$627,816
Total Income or Loss100%1,175$44,371$52,135,592
Charitable Gifts36%425$194$82,259
Cost of Tax Affairs53%630$269$169,623
Work Car expenses25%290$1,909$553,636
Work Travel expenses7%80$1,787$142,921
Self Education expenses3%30$1,436$43,069
Total Deductions88%1,035$1,774$1,835,975
Taxable Income100%1,175$42,727$50,204,392
Medicare Levy 73%860$782$672,580
Medicare Surcharge 1%10$1,158$11,576
Gross Tax 81%960$8,497$8,156,772
Net Tax 75%880$9,459$8,324,312
Average Tax 100%1,180 $7,055$8,324,312
Gross Tax Rate 81%960 20%$8,156,772
Net Tax Rate 75%880 22%$8,324,312
Average Tax Rate 100%1,180 17%$8,324,312
%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 $42,727. It is estimated that the average taxable income for people who paid a net amount of tax was $53028.

The average net tax paid was $9,459. This equates to an average tax of 22 cents in the dollar on taxable income.

The Medicare levy was paid by 860 people for an average of $782. 10 people paid $1,158 on average more for the Medicare surcharge.

1,015 people earned a salary or wage and took home an average of $44,189 each.

Government allowance and payments were collected by 85 people for on average $5,372. 70 people received the pension or other allowance.

Charitable gifts and donations of an average of $194 were made by 425 people.

The costs of tax affairs for 630 people were claimed for $269 each.