TaxStats for postcode 3212 FY2013

Postcode 3212 includes Avalon, Lara, Point Wilson in Victoria, and is in the federal electorate of Corio.

In FY 2013 the ATO recorded 8,810 individuals in postcode 3212. Of these people, 8,765 made a taxable income or loss. 7,150 of the population paid a gross amount of tax. After tax offsets, 6,610 people actually paid a net amount of tax. There were 2,155 non-taxable people who paid net tax of $0.

Compare TaxStats of 3212 with VIC

3212 TaxStats FY2013%Ppl#Ppl3212
Avg
3212
Total
Total Individuals100%8,810
Income
Salary or Wage 85%7,530$51,902$390,822,662
Gross Interest49%4,300$1,332$5,728,908
Unfranked Dividends8%705$470$331,003
Franked Dividends18%1,575$3,659$5,762,689
Dividend Franking Credit18%1,565$1,577$2,468,335
Capital Gains3%240$10,029$2,407,077
Termination Payouts3%270$11,448$3,091,076
Tips/Directors Fees etc24%2,140$2,913$6,234,399
Business Income7%620$13,191$8,178,644
Foreign Income3%260$419$108,929
Government payments6%570$5,040$2,872,815
Government pensions5%430$9,153$3,935,961
Total Income or Loss100%8,775$52,589$461,465,018
Deducations
Charitable Gifts41%3,605$238$858,982
Cost of Tax Affairs54%4,740$217$1,026,941
Work Car expenses32%2,800$2,709$7,586,520
Work Travel expenses10%885$1,607$1,422,546
Self Education expenses4%345$1,463$504,842
Total Deductions84%7,405$2,784$20,615,806
Taxation
Taxable Income99%8,765$50,235$440,307,941
Medicare Levy 71%6,230$950$5,916,223
Medicare Surcharge 1%105$1,211$127,109
Gross Tax 81%7,150$11,791$84,306,767
Net Tax 75%6,610$13,032$86,141,018
Average Tax 100%8,810 $9,778$86,141,018
Gross Tax Rate 81%7,150 23%$84,306,767
Net Tax Rate 75%6,610 26%$86,141,018
Average Tax Rate 100%8,810 19%$86,141,018
%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 $50,235. It is estimated that the average taxable income for people who paid a net amount of tax was $62700.

The average net tax paid was $13,032. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 6,230 people for an average of $950. 105 people paid $1,211 on average more for the Medicare surcharge.

7,530 people earned a salary or wage and took home an average of $51,902 each.

Government allowance and payments were collected by 570 people for on average $5,040. 430 people received the pension or other allowance.

Charitable gifts and donations of an average of $238 were made by 3,605 people.

The costs of tax affairs for 4,740 people were claimed for $217 each.