TaxStats for postcode 3103 FY2013

Postcode 3103 includes Balwyn, Balwyn, Balwyn East, Deepdene in Victoria, and is in the federal electorate of Kooyong.

In FY 2013 the ATO recorded 10,180 individuals in postcode 3103. Of these people, 10,025 made a taxable income or loss. 7,780 of the population paid a gross amount of tax. After tax offsets, 7,105 people actually paid a net amount of tax. There were 2,920 non-taxable people who paid net tax of $0.

Compare TaxStats of 3103 with VIC

3103 TaxStats FY2013%Ppl#Ppl3103
Avg
3103
Total
Total Individuals100%10,180
Income
Salary or Wage 64%6,540$67,270$439,947,545
Gross Interest71%7,240$4,738$34,301,598
Unfranked Dividends18%1,850$1,344$2,487,264
Franked Dividends40%4,100$13,986$57,340,736
Dividend Franking Credit40%4,090$6,002$24,549,480
Capital Gains9%935$25,614$23,948,792
Termination Payouts1%115$66,124$7,604,234
Tips/Directors Fees etc13%1,315$6,550$8,613,077
Business Income10%985$57,448$56,586,649
Foreign Income13%1,310$2,471$3,237,520
Government payments4%390$5,267$2,054,004
Government pensions4%455$9,471$4,309,078
Total Income or Loss99%10,050$82,325$827,361,763
Deducations
Charitable Gifts36%3,690$1,114$4,109,476
Cost of Tax Affairs45%4,575$740$3,383,798
Work Car expenses19%1,925$3,186$6,133,136
Work Travel expenses8%845$1,354$1,144,547
Self Education expenses4%375$2,579$967,202
Total Deductions76%7,725$4,748$36,679,585
Taxation
Taxable Income98%10,025$78,766$789,625,336
Medicare Levy 66%6,730$1,634$11,000,133
Medicare Surcharge 1%95$1,255$119,182
Gross Tax 76%7,780$28,190$219,315,870
Net Tax 70%7,105$31,624$224,685,790
Average Tax 100%10,180 $22,071$224,685,790
Gross Tax Rate 76%7,780 36%$219,315,870
Net Tax Rate 70%7,105 40%$224,685,790
Average Tax Rate 100%10,180 28%$224,685,790
%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 $78,766. It is estimated that the average taxable income for people who paid a net amount of tax was $106205.

The average net tax paid was $31,624. This equates to an average tax of 40 cents in the dollar on taxable income.

The Medicare levy was paid by 6,730 people for an average of $1,634. 95 people paid $1,255 on average more for the Medicare surcharge.

6,540 people earned a salary or wage and took home an average of $67,270 each.

Government allowance and payments were collected by 390 people for on average $5,267. 455 people received the pension or other allowance.

Charitable gifts and donations of an average of $1,114 were made by 3,690 people.

The costs of tax affairs for 4,575 people were claimed for $740 each.