TaxStats for postcode 3705 FY2013

Postcode 3705 includes Cudgewa in Victoria, and is in the federal electorate of Indi.

In FY 2013 the ATO recorded 180 individuals in postcode 3705. Of these people, 175 made a taxable income or loss. 130 of the population paid a gross amount of tax. After tax offsets, 110 people actually paid a net amount of tax. There were 65 non-taxable people who paid net tax of $0.

Compare TaxStats of 3705 with VIC

3705 TaxStats FY2013%Ppl#Ppl3705
Avg
3705
Total
Total Individuals100%180
Income
Salary or Wage 64%115$37,968$4,366,345
Gross Interest61%110$1,053$115,847
Unfranked Dividends22%40$769$30,741
Franked Dividends28%50$2,732$136,599
Dividend Franking Credit28%50$1,171$58,526
Capital Gains3%5$11,443$57,217
Termination Payouts3%5$1,471$7,356
Tips/Directors Fees etc19%35$1,772$62,010
Business Income14%25$4,325$108,127
Foreign Income6%10$67$667
Government payments11%20$4,688$93,753
Government pensions6%10$11,016$110,155
Total Income or Loss100%180$35,788$6,441,806
Deducations
Charitable Gifts19%35$174$6,090
Cost of Tax Affairs31%55$293$16,118
Work Car expenses17%30$1,777$53,299
Work Travel expenses6%10$560$5,599
Self Education expenses3%5$721$3,603
Total Deductions67%120$1,694$203,329
Taxation
Taxable Income97%175$35,454$6,204,430
Medicare Levy 56%100$776$77,610
Medicare Surcharge 3%5$699$3,497
Gross Tax 72%130$7,454$969,075
Net Tax 61%110$8,667$953,368
Average Tax 100%180 $5,296$953,368
Gross Tax Rate 72%130 21%$969,075
Net Tax Rate 61%110 24%$953,368
Average Tax Rate 100%180 15%$953,368
%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 $35,454. It is estimated that the average taxable income for people who paid a net amount of tax was $49313.

The average net tax paid was $8,667. This equates to an average tax of 24 cents in the dollar on taxable income.

The Medicare levy was paid by 100 people for an average of $776. 5 people paid $699 on average more for the Medicare surcharge.

115 people earned a salary or wage and took home an average of $37,968 each.

Government allowance and payments were collected by 20 people for on average $4,688. 10 people received the pension or other allowance.

Charitable gifts and donations of an average of $174 were made by 35 people.

The costs of tax affairs for 55 people were claimed for $293 each.