TaxStats for postcode 7306 FY2013

Postcode 7306 includes Acacia Hills, Barrington, Beulah, Cethana, Claude Road, Cradle Mountain, Cradle Mountain, Gowrie Park, Lorinna, Lower Barrington, Lower Beulah, Lower Beulah, Middlesex, Nook, Nowhere Else, Paradise, Promised Land, Roland, Sheffield, Staverton, Stoodley, West Kentish in Tasmania, and is in the federal electorate of Lyons.

In FY 2013 the ATO recorded 2,010 individuals in postcode 7306. Of these people, 1,990 made a taxable income or loss. 1,470 of the population paid a gross amount of tax. After tax offsets, 1,285 people actually paid a net amount of tax. There were 705 non-taxable people who paid net tax of $0.

Compare TaxStats of 7306 with TAS

7306 TaxStats FY2013%Ppl#Ppl7306
Total Individuals100%2,010
Salary or Wage 74%1,490$41,584$61,960,885
Gross Interest51%1,020$1,871$1,908,357
Unfranked Dividends7%135$297$40,049
Franked Dividends20%400$2,361$944,211
Dividend Franking Credit20%400$1,007$402,865
Capital Gains3%60$7,894$473,618
Termination Payouts2%35$9,889$346,107
Tips/Directors Fees etc19%390$2,255$879,535
Business Income12%235$10,500$2,467,556
Foreign Income4%90$1,245$112,029
Government payments11%220$5,644$1,241,650
Government pensions9%175$10,123$1,771,497
Total Income or Loss100%2,000$39,825$79,650,530
Charitable Gifts24%485$402$194,953
Cost of Tax Affairs50%1,000$203$202,918
Work Car expenses23%460$2,046$941,374
Work Travel expenses4%90$1,788$160,920
Self Education expenses3%55$1,274$70,060
Total Deductions77%1,550$2,026$3,140,532
Taxable Income99%1,990$38,301$76,219,742
Medicare Levy 60%1,200$801$961,446
Medicare Surcharge 1%25$1,303$32,569
Gross Tax 73%1,470$8,418$12,374,280
Net Tax 64%1,285$9,661$12,413,973
Average Tax 100%2,010 $6,176$12,413,973
Gross Tax Rate 73%1,470 22%$12,374,280
Net Tax Rate 64%1,285 25%$12,413,973
Average Tax Rate 100%2,010 16%$12,413,973
%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 $38,301. It is estimated that the average taxable income for people who paid a net amount of tax was $52731.

The average net tax paid was $9,661. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 1,200 people for an average of $801. 25 people paid $1,303 on average more for the Medicare surcharge.

1,490 people earned a salary or wage and took home an average of $41,584 each.

Government allowance and payments were collected by 220 people for on average $5,644. 175 people received the pension or other allowance.

Charitable gifts and donations of an average of $402 were made by 485 people.

The costs of tax affairs for 1,000 people were claimed for $203 each.