TaxStats for postcode 3450 FY2013

Postcode 3450 includes Castlemaine, Moonlight Flat in Victoria, and is in the federal electorate of Bendigo.

In FY 2013 the ATO recorded 4,015 individuals in postcode 3450. Of these people, 3,995 made a taxable income or loss. 3,065 of the population paid a gross amount of tax. After tax offsets, 2,650 people actually paid a net amount of tax. There were 1,345 non-taxable people who paid net tax of $0.

Compare TaxStats of 3450 with VIC

3450 TaxStats FY2013%Ppl#Ppl3450
Avg
3450
Total
Total Individuals100%4,015
Income
Salary or Wage 70%2,800$42,905$120,133,558
Gross Interest62%2,485$2,276$5,656,077
Unfranked Dividends12%500$703$351,725
Franked Dividends27%1,085$5,185$5,625,574
Dividend Franking Credit27%1,080$2,230$2,408,370
Capital Gains5%215$12,822$2,756,749
Termination Payouts1%50$11,305$565,263
Tips/Directors Fees etc19%780$2,011$1,568,457
Business Income15%590$15,166$8,947,709
Foreign Income6%255$638$162,717
Government payments9%350$5,741$2,009,274
Government pensions9%355$9,822$3,486,840
Total Income or Loss100%3,995$43,624$174,278,322
Deducations
Charitable Gifts49%1,975$311$615,151
Cost of Tax Affairs55%2,215$309$684,875
Work Car expenses24%970$1,907$1,849,515
Work Travel expenses6%255$1,409$359,328
Self Education expenses4%150$1,692$253,815
Total Deductions81%3,245$2,316$7,516,246
Taxation
Taxable Income100%3,995$41,689$166,548,738
Medicare Levy 63%2,535$838$2,124,147
Medicare Surcharge 1%40$1,421$56,830
Gross Tax 76%3,065$9,254$28,363,409
Net Tax 66%2,650$10,717$28,399,540
Average Tax 100%4,015 $7,073$28,399,540
Gross Tax Rate 76%3,065 22%$28,363,409
Net Tax Rate 66%2,650 26%$28,399,540
Average Tax Rate 100%4,015 17%$28,399,540
%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 $41,689. It is estimated that the average taxable income for people who paid a net amount of tax was $56758.

The average net tax paid was $10,717. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 2,535 people for an average of $838. 40 people paid $1,421 on average more for the Medicare surcharge.

2,800 people earned a salary or wage and took home an average of $42,905 each.

Government allowance and payments were collected by 350 people for on average $5,741. 355 people received the pension or other allowance.

Charitable gifts and donations of an average of $311 were made by 1,975 people.

The costs of tax affairs for 2,215 people were claimed for $309 each.