TaxStats for postcode 3357 FY2013

Postcode 3357 includes Buninyong, Scotsmans Lead, Yarrowee in Victoria, and is in the federal electorate of Ballarat.

In FY 2013 the ATO recorded 2,220 individuals in postcode 3357. Of these people, 2,210 made a taxable income or loss. 1,750 of the population paid a gross amount of tax. After tax offsets, 1,610 people actually paid a net amount of tax. There were 600 non-taxable people who paid net tax of $0.

Compare TaxStats of 3357 with VIC

3357 TaxStats FY2013%Ppl#Ppl3357
Avg
3357
Total
Total Individuals100%2,220
Income
Salary or Wage 78%1,740$52,715$91,723,372
Gross Interest58%1,295$1,779$2,303,377
Unfranked Dividends12%275$357$98,187
Franked Dividends29%645$3,044$1,963,263
Dividend Franking Credit29%645$1,304$841,111
Capital Gains5%105$10,611$1,114,147
Termination Payouts1%25$8,201$205,020
Tips/Directors Fees etc20%450$2,553$1,148,767
Business Income10%215$30,407$6,537,590
Foreign Income6%125$854$106,799
Government payments5%120$5,189$622,728
Government pensions5%115$8,621$991,362
Total Income or Loss100%2,215$55,188$122,240,445
Deducations
Charitable Gifts43%945$332$313,721
Cost of Tax Affairs52%1,165$346$403,270
Work Car expenses35%780$2,315$1,805,375
Work Travel expenses12%270$1,362$367,768
Self Education expenses4%90$1,990$179,104
Total Deductions84%1,860$3,275$6,091,962
Taxation
Taxable Income100%2,210$52,468$115,954,451
Medicare Levy 71%1,575$1,011$1,591,900
Medicare Surcharge 1%25$957$23,930
Gross Tax 79%1,750$13,675$23,930,826
Net Tax 73%1,610$15,125$24,350,629
Average Tax 100%2,220 $10,969$24,350,629
Gross Tax Rate 79%1,750 26%$23,930,826
Net Tax Rate 73%1,610 29%$24,350,629
Average Tax Rate 100%2,220 21%$24,350,629
%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 $52,468. It is estimated that the average taxable income for people who paid a net amount of tax was $67549.

The average net tax paid was $15,125. This equates to an average tax of 29 cents in the dollar on taxable income.

The Medicare levy was paid by 1,575 people for an average of $1,011. 25 people paid $957 on average more for the Medicare surcharge.

1,740 people earned a salary or wage and took home an average of $52,715 each.

Government allowance and payments were collected by 120 people for on average $5,189. 115 people received the pension or other allowance.

Charitable gifts and donations of an average of $332 were made by 945 people.

The costs of tax affairs for 1,165 people were claimed for $346 each.