TaxStats for postcode 3520 FY2013

Postcode 3520 includes Kinypanial, Kinypanial, Korong Vale, Korong Vale in Victoria, and is in the federal electorate of Murray.

In FY 2013 the ATO recorded 40 individuals in postcode 3520. Of these people, 40 made a taxable income or loss. 20 of the population paid a gross amount of tax. After tax offsets, 20 people actually paid a net amount of tax. There were 20 non-taxable people who paid net tax of $0.

Compare TaxStats of 3520 with VIC

3520 TaxStats FY2013%Ppl#Ppl3520
Total Individuals100%40
Salary or Wage 38%15$32,943$494,145
Gross Interest50%20$3,228$64,555
Unfranked Dividends12%5$106$531
Franked Dividends38%15$828$12,419
Dividend Franking Credit38%15$338$5,067
Capital Gains%0$$0
Termination Payouts12%5$1,472$7,359
Tips/Directors Fees etc12%5$426$2,130
Business Income12%5$24,523$122,613
Foreign Income%0$$0
Government payments25%10$6,261$62,610
Government pensions12%5$19,341$96,703
Total Income or Loss100%40$28,243$1,129,728
Charitable Gifts12%5$10$50
Cost of Tax Affairs38%15$256$3,837
Work Car expenses12%5$1,588$7,938
Work Travel expenses12%5$20$100
Self Education expenses%0$$0
Total Deductions50%20$3,396$67,923
Taxable Income100%40$24,579$983,168
Medicare Levy 38%15$718$10,763
Medicare Surcharge %0$$0
Gross Tax 50%20$6,121$122,419
Net Tax 50%20$5,271$105,424
Average Tax 100%40 $2,636$105,424
Gross Tax Rate 50%20 25%$122,419
Net Tax Rate 50%20 21%$105,424
Average Tax Rate 100%40 11%$105,424
%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 $24,579. It is estimated that the average taxable income for people who paid a net amount of tax was $37158.

The average net tax paid was $5,271. This equates to an average tax of 21 cents in the dollar on taxable income.

The Medicare levy was paid by 15 people for an average of $718.

15 people earned a salary or wage and took home an average of $32,943 each.

Government allowance and payments were collected by 10 people for on average $6,261. 5 people received the pension or other allowance.

Charitable gifts and donations of an average of $10 were made by 5 people.

The costs of tax affairs for 15 people were claimed for $256 each.