TaxStats for postcode 3048 FY2013

Postcode 3048 includes Coolaroo, Meadow Heights in Victoria, and is in the federal electorate of Calwell.

In FY 2013 the ATO recorded 6,400 individuals in postcode 3048. Of these people, 6,355 made a taxable income or loss. 4,965 of the population paid a gross amount of tax. After tax offsets, 4,455 people actually paid a net amount of tax. There were 1,900 non-taxable people who paid net tax of $0.

Compare TaxStats of 3048 with VIC

3048 TaxStats FY2013%Ppl#Ppl3048
Total Individuals100%6,400
Salary or Wage 80%5,100$40,756$207,853,483
Gross Interest32%2,065$839$1,732,021
Unfranked Dividends2%150$470$70,540
Franked Dividends6%405$2,376$962,230
Dividend Franking Credit6%405$1,018$412,177
Capital Gains1%60$7,576$454,539
Termination Payouts2%125$7,127$890,864
Tips/Directors Fees etc16%1,020$2,670$2,722,953
Business Income14%875$18,281$15,995,868
Foreign Income1%50$1,209$60,464
Government payments16%1,040$5,655$5,880,814
Government pensions4%280$9,040$2,531,115
Total Income or Loss99%6,360$39,260$249,693,165
Charitable Gifts38%2,400$265$636,343
Cost of Tax Affairs54%3,475$176$612,621
Work Car expenses24%1,555$2,427$3,774,016
Work Travel expenses7%425$1,384$588,086
Self Education expenses4%225$1,711$385,000
Total Deductions76%4,865$2,201$10,706,843
Taxable Income99%6,355$37,596$238,921,799
Medicare Levy 63%4,015$719$2,885,548
Medicare Surcharge 1%45$1,209$54,406
Gross Tax 78%4,965$6,895$34,234,954
Net Tax 70%4,455$7,798$34,738,487
Average Tax 100%6,400 $5,428$34,738,487
Gross Tax Rate 78%4,965 18%$34,234,954
Net Tax Rate 70%4,455 21%$34,738,487
Average Tax Rate 100%6,400 14%$34,738,487
%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 $37,596. It is estimated that the average taxable income for people who paid a net amount of tax was $48512.

The average net tax paid was $7,798. This equates to an average tax of 21 cents in the dollar on taxable income.

The Medicare levy was paid by 4,015 people for an average of $719. 45 people paid $1,209 on average more for the Medicare surcharge.

5,100 people earned a salary or wage and took home an average of $40,756 each.

Government allowance and payments were collected by 1,040 people for on average $5,655. 280 people received the pension or other allowance.

Charitable gifts and donations of an average of $265 were made by 2,400 people.

The costs of tax affairs for 3,475 people were claimed for $176 each.