TaxStats for postcode 3249 FY2013

Postcode 3249 includes Alvie, Balintore, Barongarook, Barongarook West, Barramunga, Coragulac, Corunnun, Dreeite, Dreeite South, Gerangamete, Irrewarra, Irrewillipe, Irrewillipe East, Kawarren, Larpent, Nalangil, Ondit, Pirron Yallock, Pomborneit East, Swan Marsh, Tanybryn, Warrion, Wool Wool, Yeo, Yeodene in Victoria, and is in the federal electorate of Corangamite.

In FY 2013 the ATO recorded 2,275 individuals in postcode 3249. Of these people, 2,255 made a taxable income or loss. 1,620 of the population paid a gross amount of tax. After tax offsets, 1,455 people actually paid a net amount of tax. There were 800 non-taxable people who paid net tax of $0.

Compare TaxStats of 3249 with VIC

3249 TaxStats FY2013%Ppl#Ppl3249
Avg
3249
Total
Total Individuals100%2,275
Income
Salary or Wage 67%1,525$42,226$64,395,196
Gross Interest61%1,380$2,257$3,114,417
Unfranked Dividends17%385$387$148,837
Franked Dividends27%625$4,280$2,675,233
Dividend Franking Credit27%625$1,830$1,143,975
Capital Gains4%95$9,845$935,261
Termination Payouts1%30$12,955$388,654
Tips/Directors Fees etc18%415$2,367$982,427
Business Income12%280$-3,272$-916,208
Foreign Income5%115$3,122$359,046
Government payments6%140$5,726$801,665
Government pensions6%145$9,294$1,347,642
Total Income or Loss100%2,265$38,704$87,665,267
Deducations
Charitable Gifts27%625$396$247,730
Cost of Tax Affairs43%980$274$268,346
Work Car expenses22%490$1,845$903,825
Work Travel expenses5%115$1,634$187,883
Self Education expenses3%60$1,965$117,909
Total Deductions73%1,670$2,701$4,510,570
Taxation
Taxable Income99%2,255$36,696$82,750,309
Medicare Levy 61%1,385$817$1,131,085
Medicare Surcharge 1%20$1,045$20,894
Gross Tax 71%1,620$9,117$14,770,136
Net Tax 64%1,455$10,031$14,594,392
Average Tax 100%2,275 $6,415$14,594,392
Gross Tax Rate 71%1,620 25%$14,770,136
Net Tax Rate 64%1,455 27%$14,594,392
Average Tax Rate 100%2,275 17%$14,594,392
%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 $36,696. It is estimated that the average taxable income for people who paid a net amount of tax was $50275.

The average net tax paid was $10,031. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 1,385 people for an average of $817. 20 people paid $1,045 on average more for the Medicare surcharge.

1,525 people earned a salary or wage and took home an average of $42,226 each.

Government allowance and payments were collected by 140 people for on average $5,726. 145 people received the pension or other allowance.

Charitable gifts and donations of an average of $396 were made by 625 people.

The costs of tax affairs for 980 people were claimed for $274 each.