TaxStats for postcode 3472 FY2013

Postcode 3472 includes Bet Bet, Betley, Bromley, Dunluce, Dunolly, Eddington, Goldsborough, Inkerman, Mcintyre, Moliagul, Mount Hooghly in Victoria, and is in the federal electorate of Wannon.

In FY 2013 the ATO recorded 565 individuals in postcode 3472. Of these people, 555 made a taxable income or loss. 365 of the population paid a gross amount of tax. After tax offsets, 305 people actually paid a net amount of tax. There were 250 non-taxable people who paid net tax of $0.

Compare TaxStats of 3472 with VIC

3472 TaxStats FY2013%Ppl#Ppl3472
Avg
3472
Total
Total Individuals100%565
Income
Salary or Wage 65%365$35,138$12,825,535
Gross Interest56%315$2,741$863,383
Unfranked Dividends12%65$450$29,242
Franked Dividends21%120$4,402$528,274
Dividend Franking Credit20%115$1,970$226,590
Capital Gains4%25$5,536$138,408
Termination Payouts3%15$4,816$72,246
Tips/Directors Fees etc19%110$1,337$147,093
Business Income13%75$11,471$860,319
Foreign Income4%25$210$5,251
Government payments13%75$6,020$451,533
Government pensions13%75$11,914$893,573
Total Income or Loss99%560$33,244$18,616,477
Deducations
Charitable Gifts36%205$182$37,343
Cost of Tax Affairs44%250$379$94,662
Work Car expenses21%120$2,082$249,851
Work Travel expenses5%30$1,760$52,785
Self Education expenses3%15$1,575$23,622
Total Deductions73%415$2,032$843,476
Taxation
Taxable Income98%555$31,987$17,752,583
Medicare Levy 50%285$734$209,279
Medicare Surcharge 1%5$876$4,381
Gross Tax 65%365$7,315$2,670,075
Net Tax 54%305$8,229$2,509,959
Average Tax 100%565 $4,442$2,509,959
Gross Tax Rate 65%365 23%$2,670,075
Net Tax Rate 54%305 26%$2,509,959
Average Tax Rate 100%565 14%$2,509,959
%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 $31,987. It is estimated that the average taxable income for people who paid a net amount of tax was $48369.

The average net tax paid was $8,229. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 285 people for an average of $734. 5 people paid $876 on average more for the Medicare surcharge.

365 people earned a salary or wage and took home an average of $35,138 each.

Government allowance and payments were collected by 75 people for on average $6,020. 75 people received the pension or other allowance.

Charitable gifts and donations of an average of $182 were made by 205 people.

The costs of tax affairs for 250 people were claimed for $379 each.