TaxStats for postcode 7307 FY2013

Postcode 7307 includes Bakers Beach, Bakers Beach, Harford, Harford, Hawley Beach, Latrobe, Moriarty, Northdown, Port Sorell, Sassafras, Sassafras, Shearwater, Squeaking Point, Thirlstane, Wesley Vale in Tasmania, and is in the federal electorate of Lyons.

In FY 2013 the ATO recorded 5,120 individuals in postcode 7307. Of these people, 5,095 made a taxable income or loss. 4,050 of the population paid a gross amount of tax. After tax offsets, 3,660 people actually paid a net amount of tax. There were 1,435 non-taxable people who paid net tax of $0.

Compare TaxStats of 7307 with TAS

7307 TaxStats FY2013%Ppl#Ppl7307
Total Individuals100%5,120
Salary or Wage 79%4,040$46,357$187,281,214
Gross Interest51%2,625$1,848$4,850,578
Unfranked Dividends10%510$234$119,495
Franked Dividends25%1,305$3,684$4,807,883
Dividend Franking Credit25%1,305$1,578$2,059,735
Capital Gains4%180$12,026$2,164,627
Termination Payouts1%70$12,021$841,458
Tips/Directors Fees etc21%1,070$2,215$2,369,864
Business Income9%455$13,732$6,248,263
Foreign Income4%215$322$69,131
Government payments10%510$4,991$2,545,594
Government pensions7%380$9,322$3,542,435
Total Income or Loss100%5,110$47,772$244,113,747
Charitable Gifts29%1,490$301$448,506
Cost of Tax Affairs54%2,775$201$558,330
Work Car expenses26%1,350$2,219$2,995,299
Work Travel expenses6%330$1,516$500,230
Self Education expenses3%140$1,564$219,030
Total Deductions83%4,235$2,317$9,812,124
Taxable Income100%5,095$45,885$233,782,088
Medicare Levy 69%3,520$882$3,103,195
Medicare Surcharge 1%60$1,464$87,863
Gross Tax 79%4,050$10,629$43,049,065
Net Tax 71%3,660$11,855$43,388,217
Average Tax 100%5,120 $8,474$43,388,217
Gross Tax Rate 79%4,050 23%$43,049,065
Net Tax Rate 71%3,660 26%$43,388,217
Average Tax Rate 100%5,120 18%$43,388,217
%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 $45,885. It is estimated that the average taxable income for people who paid a net amount of tax was $59170.

The average net tax paid was $11,855. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 3,520 people for an average of $882. 60 people paid $1,464 on average more for the Medicare surcharge.

4,040 people earned a salary or wage and took home an average of $46,357 each.

Government allowance and payments were collected by 510 people for on average $4,991. 380 people received the pension or other allowance.

Charitable gifts and donations of an average of $301 were made by 1,490 people.

The costs of tax affairs for 2,775 people were claimed for $201 each.