TaxStats for postcode 3305 FY2013

Postcode 3305 includes Allestree, Bolwarra, Cape Bridgewater, Cashmore, Dutton Way, Gorae, Gorae West, Heathmere, Mount Richmond, Portland, Portland North, Portland West in Victoria, and is in the federal electorate of Wannon.

In FY 2013 the ATO recorded 7,025 individuals in postcode 3305. Of these people, 6,985 made a taxable income or loss. 5,530 of the population paid a gross amount of tax. After tax offsets, 4,980 people actually paid a net amount of tax. There were 2,005 non-taxable people who paid net tax of $0.

Compare TaxStats of 3305 with VIC

3305 TaxStats FY2013%Ppl#Ppl3305
Total Individuals100%7,025
Salary or Wage 82%5,735$50,043$286,998,087
Gross Interest56%3,955$1,803$7,131,282
Unfranked Dividends12%830$577$478,543
Franked Dividends22%1,575$3,401$5,356,384
Dividend Franking Credit22%1,575$1,457$2,294,197
Capital Gains4%265$6,463$1,712,806
Termination Payouts2%165$9,003$1,485,530
Tips/Directors Fees etc23%1,585$1,723$2,730,904
Business Income8%565$12,096$6,834,208
Foreign Income7%505$668$337,124
Government payments10%705$5,352$3,773,372
Government pensions7%480$9,600$4,608,198
Total Income or Loss100%7,000$49,985$349,897,171
Charitable Gifts38%2,685$238$637,920
Cost of Tax Affairs48%3,360$284$953,016
Work Car expenses27%1,875$1,843$3,455,852
Work Travel expenses8%535$1,269$678,910
Self Education expenses4%315$1,801$567,303
Total Deductions84%5,885$2,309$13,590,227
Taxable Income99%6,985$48,068$335,753,838
Medicare Levy 68%4,795$932$4,466,739
Medicare Surcharge 3%180$1,328$239,115
Gross Tax 79%5,530$11,503$63,609,496
Net Tax 71%4,980$12,951$64,494,505
Average Tax 100%7,025 $9,181$64,494,505
Gross Tax Rate 79%5,530 24%$63,609,496
Net Tax Rate 71%4,980 27%$64,494,505
Average Tax Rate 100%7,025 19%$64,494,505
%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 $48,068. It is estimated that the average taxable income for people who paid a net amount of tax was $62589.

The average net tax paid was $12,951. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 4,795 people for an average of $932. 180 people paid $1,328 on average more for the Medicare surcharge.

5,735 people earned a salary or wage and took home an average of $50,043 each.

Government allowance and payments were collected by 705 people for on average $5,352. 480 people received the pension or other allowance.

Charitable gifts and donations of an average of $238 were made by 2,685 people.

The costs of tax affairs for 3,360 people were claimed for $284 each.