TaxStats for postcode 3214 FY2013

Postcode 3214 includes Corio, Norlane, North Shore in Victoria, and is in the federal electorate of Corio.

In FY 2013 the ATO recorded 9,445 individuals in postcode 3214. Of these people, 9,425 made a taxable income or loss. 7,530 of the population paid a gross amount of tax. After tax offsets, 6,710 people actually paid a net amount of tax. There were 2,715 non-taxable people who paid net tax of $0.

Compare TaxStats of 3214 with VIC

3214 TaxStats FY2013%Ppl#Ppl3214
Total Individuals100%9,445
Salary or Wage 87%8,185$41,394$338,806,143
Gross Interest37%3,525$966$3,405,360
Unfranked Dividends4%395$275$108,511
Franked Dividends10%980$2,427$2,378,397
Dividend Franking Credit10%980$1,041$1,019,709
Capital Gains1%140$6,874$962,425
Termination Payouts3%275$7,929$2,180,580
Tips/Directors Fees etc24%2,275$1,842$4,190,743
Business Income6%595$15,191$9,038,628
Foreign Income2%165$1,159$191,301
Government payments17%1,595$5,792$9,239,018
Government pensions8%795$10,098$8,028,132
Total Income or Loss100%9,425$41,845$394,392,613
Charitable Gifts37%3,455$240$829,071
Cost of Tax Affairs57%5,340$160$852,017
Work Car expenses28%2,680$2,222$5,955,390
Work Travel expenses7%625$1,645$1,028,215
Self Education expenses4%360$1,404$505,436
Total Deductions83%7,850$2,112$16,582,590
Taxable Income100%9,425$40,078$377,734,591
Medicare Levy 66%6,250$759$4,745,804
Medicare Surcharge 1%55$1,087$59,783
Gross Tax 80%7,530$7,690$57,906,060
Net Tax 71%6,710$8,725$58,542,160
Average Tax 100%9,445 $6,198$58,542,160
Gross Tax Rate 80%7,530 19%$57,906,060
Net Tax Rate 71%6,710 22%$58,542,160
Average Tax Rate 100%9,445 15%$58,542,160
%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 $40,078. It is estimated that the average taxable income for people who paid a net amount of tax was $51439.

The average net tax paid was $8,725. This equates to an average tax of 22 cents in the dollar on taxable income.

The Medicare levy was paid by 6,250 people for an average of $759. 55 people paid $1,087 on average more for the Medicare surcharge.

8,185 people earned a salary or wage and took home an average of $41,394 each.

Government allowance and payments were collected by 1,595 people for on average $5,792. 795 people received the pension or other allowance.

Charitable gifts and donations of an average of $240 were made by 3,455 people.

The costs of tax affairs for 5,340 people were claimed for $160 each.