TaxStats for postcode 3622 FY2013

Postcode 3622 includes Cornelia Creek, Koyuga, Strathallan in Victoria, and is in the federal electorate of Murray.

In FY 2013 the ATO recorded 230 individuals in postcode 3622. Of these people, 225 made a taxable income or loss. 160 of the population paid a gross amount of tax. After tax offsets, 145 people actually paid a net amount of tax. There were 80 non-taxable people who paid net tax of $0.

Compare TaxStats of 3622 with VIC

3622 TaxStats FY2013%Ppl#Ppl3622
Avg
3622
Total
Total Individuals100%230
Income
Salary or Wage 65%150$46,600$6,989,989
Gross Interest54%125$1,093$136,634
Unfranked Dividends17%40$480$19,198
Franked Dividends22%50$8,567$428,358
Dividend Franking Credit22%50$3,671$183,570
Capital Gains2%5$18,978$94,889
Termination Payouts2%5$2,069$10,346
Tips/Directors Fees etc24%55$1,363$74,948
Business Income13%30$4,482$134,469
Foreign Income2%5$202$1,011
Government payments7%15$7,097$106,450
Government pensions7%15$7,268$109,022
Total Income or Loss98%225$41,513$9,340,427
Deducations
Charitable Gifts24%55$320$17,586
Cost of Tax Affairs43%100$590$58,975
Work Car expenses20%45$2,476$111,410
Work Travel expenses4%10$3,768$37,675
Self Education expenses4%10$1,431$14,306
Total Deductions67%155$3,571$553,522
Taxation
Taxable Income98%225$38,964$8,766,912
Medicare Levy 63%145$828$120,113
Medicare Surcharge 2%5$645$3,227
Gross Tax 70%160$9,566$1,530,572
Net Tax 63%145$10,568$1,532,397
Average Tax 100%230 $6,663$1,532,397
Gross Tax Rate 70%160 25%$1,530,572
Net Tax Rate 63%145 27%$1,532,397
Average Tax Rate 100%230 17%$1,532,397
%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 $38,964. It is estimated that the average taxable income for people who paid a net amount of tax was $53841.

The average net tax paid was $10,568. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 145 people for an average of $828. 5 people paid $645 on average more for the Medicare surcharge.

150 people earned a salary or wage and took home an average of $46,600 each.

Government allowance and payments were collected by 15 people for on average $7,097. 15 people received the pension or other allowance.

Charitable gifts and donations of an average of $320 were made by 55 people.

The costs of tax affairs for 100 people were claimed for $590 each.