TaxStats for postcode 7322 FY2013

Postcode 7322 includes Somerset in Tasmania, and is in the federal electorate of Braddon.

In FY 2013 the ATO recorded 1,925 individuals in postcode 7322. Of these people, 1,915 made a taxable income or loss. 1,520 of the population paid a gross amount of tax. After tax offsets, 1,365 people actually paid a net amount of tax. There were 550 non-taxable people who paid net tax of $0.

Compare TaxStats of 7322 with TAS

7322 TaxStats FY2013%Ppl#Ppl7322
Avg
7322
Total
Total Individuals100%1,925
Income
Salary or Wage 82%1,585$46,722$74,053,609
Gross Interest45%870$1,523$1,325,396
Unfranked Dividends9%180$187$33,669
Franked Dividends24%465$3,380$1,571,500
Dividend Franking Credit24%465$1,454$676,279
Capital Gains2%40$4,903$196,139
Termination Payouts1%15$5,823$87,340
Tips/Directors Fees etc16%310$2,017$625,197
Business Income5%105$13,385$1,405,451
Foreign Income4%70$396$27,695
Government payments11%220$5,783$1,272,296
Government pensions7%140$9,397$1,315,553
Total Income or Loss100%1,920$46,630$89,528,671
Deducations
Charitable Gifts29%565$389$219,998
Cost of Tax Affairs57%1,090$195$212,220
Work Car expenses25%480$2,049$983,424
Work Travel expenses6%110$1,479$162,711
Self Education expenses4%75$1,679$125,911
Total Deductions84%1,610$2,029$3,267,123
Taxation
Taxable Income99%1,915$44,882$85,949,143
Medicare Levy 68%1,310$868$1,137,486
Medicare Surcharge 1%20$1,435$28,708
Gross Tax 79%1,520$9,996$15,193,692
Net Tax 71%1,365$11,393$15,551,283
Average Tax 100%1,925 $8,079$15,551,283
Gross Tax Rate 79%1,520 22%$15,193,692
Net Tax Rate 71%1,365 25%$15,551,283
Average Tax Rate 100%1,925 18%$15,551,283
%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 $44,882. It is estimated that the average taxable income for people who paid a net amount of tax was $58131.

The average net tax paid was $11,393. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 1,310 people for an average of $868. 20 people paid $1,435 on average more for the Medicare surcharge.

1,585 people earned a salary or wage and took home an average of $46,722 each.

Government allowance and payments were collected by 220 people for on average $5,783. 140 people received the pension or other allowance.

Charitable gifts and donations of an average of $389 were made by 565 people.

The costs of tax affairs for 1,090 people were claimed for $195 each.