TaxStats for postcode 3542 FY2013

Postcode 3542 includes Cokum, Lalbert, Tittybong, Titybong in Victoria, and is in the federal electorate of Mallee.

In FY 2013 the ATO recorded 105 individuals in postcode 3542. Of these people, 105 made a taxable income or loss. 85 of the population paid a gross amount of tax. After tax offsets, 70 people actually paid a net amount of tax. There were 35 non-taxable people who paid net tax of $0.

Compare TaxStats of 3542 with VIC

3542 TaxStats FY2013%Ppl#Ppl3542
Avg
3542
Total
Total Individuals100%105
Income
Salary or Wage 38%40$31,521$1,260,845
Gross Interest67%70$4,384$306,882
Unfranked Dividends29%30$171$5,144
Franked Dividends43%45$1,790$80,531
Dividend Franking Credit43%45$767$34,520
Capital Gains14%15$2,027$30,408
Termination Payouts%0$$0
Tips/Directors Fees etc10%10$527$5,274
Business Income5%5$46,707$233,535
Foreign Income10%10$27$269
Government payments5%5$2,707$13,537
Government pensions14%15$10,239$153,581
Total Income or Loss100%105$49,837$5,232,921
Deducations
Charitable Gifts19%20$295$5,894
Cost of Tax Affairs24%25$195$4,885
Work Car expenses14%15$1,899$28,489
Work Travel expenses5%5$1,322$6,609
Self Education expenses5%5$1,485$7,426
Total Deductions57%60$5,222$313,313
Taxation
Taxable Income100%105$39,685$4,166,922
Medicare Levy 62%65$875$56,895
Medicare Surcharge %0$$0
Gross Tax 81%85$9,193$781,415
Net Tax 67%70$8,600$602,034
Average Tax 100%105 $5,734$602,034
Gross Tax Rate 81%85 23%$781,415
Net Tax Rate 67%70 22%$602,034
Average Tax Rate 100%105 14%$602,034
%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 $39,685. It is estimated that the average taxable income for people who paid a net amount of tax was $53527.

The average net tax paid was $8,600. This equates to an average tax of 22 cents in the dollar on taxable income.

The Medicare levy was paid by 65 people for an average of $875.

40 people earned a salary or wage and took home an average of $31,521 each.

Government allowance and payments were collected by 5 people for on average $2,707. 15 people received the pension or other allowance.

Charitable gifts and donations of an average of $295 were made by 20 people.

The costs of tax affairs for 25 people were claimed for $195 each.