TaxStats for postcode 3407 FY2013

Postcode 3407 includes Balmoral, Englefield, Gatum, Pigeon Ponds, Vasey in Victoria, and is in the federal electorate of Wannon.

In FY 2013 the ATO recorded 290 individuals in postcode 3407. Of these people, 280 made a taxable income or loss. 200 of the population paid a gross amount of tax. After tax offsets, 170 people actually paid a net amount of tax. There were 110 non-taxable people who paid net tax of $0.

Compare TaxStats of 3407 with VIC

3407 TaxStats FY2013%Ppl#Ppl3407
Avg
3407
Total
Total Individuals100%290
Income
Salary or Wage 64%185$35,621$6,589,963
Gross Interest71%205$1,886$386,672
Unfranked Dividends21%60$536$32,169
Franked Dividends33%95$3,133$297,634
Dividend Franking Credit33%95$1,343$127,539
Capital Gains5%15$2,645$39,676
Termination Payouts2%5$5,460$27,300
Tips/Directors Fees etc16%45$2,430$109,360
Business Income9%25$-5,121$-128,037
Foreign Income5%15$49$739
Government payments5%15$4,721$70,817
Government pensions5%15$8,750$131,251
Total Income or Loss98%285$32,451$9,248,544
Deducations
Charitable Gifts28%80$630$50,405
Cost of Tax Affairs40%115$223$25,602
Work Car expenses22%65$2,940$191,118
Work Travel expenses7%20$2,200$43,992
Self Education expenses2%5$2,487$12,436
Total Deductions72%210$2,935$616,288
Taxation
Taxable Income97%280$30,524$8,546,585
Medicare Levy 52%150$753$112,909
Medicare Surcharge 2%5$873$4,367
Gross Tax 69%200$6,928$1,385,675
Net Tax 59%170$8,078$1,373,285
Average Tax 100%290 $4,735$1,373,285
Gross Tax Rate 69%200 23%$1,385,675
Net Tax Rate 59%170 26%$1,373,285
Average Tax Rate 100%290 16%$1,373,285
%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 $30,524. It is estimated that the average taxable income for people who paid a net amount of tax was $42509.

The average net tax paid was $8,078. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 150 people for an average of $753. 5 people paid $873 on average more for the Medicare surcharge.

185 people earned a salary or wage and took home an average of $35,621 each.

Government allowance and payments were collected by 15 people for on average $4,721. 15 people received the pension or other allowance.

Charitable gifts and donations of an average of $630 were made by 80 people.

The costs of tax affairs for 115 people were claimed for $223 each.