TaxStats for postcode 3575 FY2013

Postcode 3575 includes Bald Rock, Gladfield, Jungaburra, Loddon Vale, Mincha, Mologa, Pyramid Hill, Sylvaterre, Terrick Terrick, Yarrawalla in Victoria, and is in the federal electorate of Murray.

In FY 2013 the ATO recorded 430 individuals in postcode 3575. Of these people, 420 made a taxable income or loss. 310 of the population paid a gross amount of tax. After tax offsets, 270 people actually paid a net amount of tax. There were 150 non-taxable people who paid net tax of $0.

Compare TaxStats of 3575 with VIC

3575 TaxStats FY2013%Ppl#Ppl3575
Avg
3575
Total
Total Individuals100%430
Income
Salary or Wage 64%275$33,887$9,318,864
Gross Interest59%255$3,215$819,852
Unfranked Dividends19%80$475$37,991
Franked Dividends30%130$2,550$331,550
Dividend Franking Credit30%130$1,094$142,155
Capital Gains7%30$5,212$156,363
Termination Payouts1%5$11,711$58,556
Tips/Directors Fees etc21%90$1,316$118,443
Business Income8%35$16,873$590,541
Foreign Income8%35$177$6,196
Government payments12%50$7,159$357,962
Government pensions7%30$10,146$304,389
Total Income or Loss100%430$38,558$16,579,862
Deducations
Charitable Gifts24%105$178$18,731
Cost of Tax Affairs36%155$221$34,264
Work Car expenses16%70$2,128$148,973
Work Travel expenses5%20$1,927$38,540
Self Education expenses2%10$1,382$13,815
Total Deductions67%290$2,387$692,362
Taxation
Taxable Income98%420$36,443$15,306,122
Medicare Levy 57%245$771$188,978
Medicare Surcharge 1%5$200$1,001
Gross Tax 72%310$7,794$2,416,242
Net Tax 63%270$8,231$2,222,404
Average Tax 100%430 $5,168$2,222,404
Gross Tax Rate 72%310 21%$2,416,242
Net Tax Rate 63%270 23%$2,222,404
Average Tax Rate 100%430 14%$2,222,404
%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 $36,443. It is estimated that the average taxable income for people who paid a net amount of tax was $50023.

The average net tax paid was $8,231. This equates to an average tax of 23 cents in the dollar on taxable income.

The Medicare levy was paid by 245 people for an average of $771. 5 people paid $200 on average more for the Medicare surcharge.

275 people earned a salary or wage and took home an average of $33,887 each.

Government allowance and payments were collected by 50 people for on average $7,159. 30 people received the pension or other allowance.

Charitable gifts and donations of an average of $178 were made by 105 people.

The costs of tax affairs for 155 people were claimed for $221 each.