TaxStats for postcode 3814 FY2013

Postcode 3814 includes Cora Lynn, Garfield, Garfield North, Vervale in Victoria, and is in the federal electorate of McMillan.

In FY 2013 the ATO recorded 1,230 individuals in postcode 3814. Of these people, 1,220 made a taxable income or loss. 965 of the population paid a gross amount of tax. After tax offsets, 860 people actually paid a net amount of tax. There were 360 non-taxable people who paid net tax of $0.

Compare TaxStats of 3814 with VIC

3814 TaxStats FY2013%Ppl#Ppl3814
Total Individuals100%1,230
Salary or Wage 74%905$47,260$42,769,973
Gross Interest55%680$1,717$1,167,889
Unfranked Dividends12%145$144$20,838
Franked Dividends24%290$4,967$1,440,529
Dividend Franking Credit24%290$2,127$616,765
Capital Gains3%35$14,565$509,764
Termination Payouts1%15$17,263$258,949
Tips/Directors Fees etc18%220$3,510$772,157
Business Income12%150$15,130$2,269,516
Foreign Income4%45$486$21,860
Government payments7%80$4,273$341,844
Government pensions4%55$8,570$471,328
Total Income or Loss100%1,225$45,136$55,291,285
Charitable Gifts34%420$208$87,203
Cost of Tax Affairs47%575$356$204,768
Work Car expenses28%340$2,648$900,420
Work Travel expenses9%105$1,914$200,991
Self Education expenses4%50$1,855$92,748
Total Deductions78%960$2,768$2,657,676
Taxable Income99%1,220$43,092$52,572,732
Medicare Levy 67%820$857$702,460
Medicare Surcharge 1%10$1,372$13,725
Gross Tax 78%965$9,497$9,164,298
Net Tax 70%860$10,855$9,335,087
Average Tax 100%1,230 $7,590$9,335,087
Gross Tax Rate 78%965 22%$9,164,298
Net Tax Rate 70%860 25%$9,335,087
Average Tax Rate 100%1,230 18%$9,335,087
%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 $43,092. It is estimated that the average taxable income for people who paid a net amount of tax was $56108.

The average net tax paid was $10,855. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 820 people for an average of $857. 10 people paid $1,372 on average more for the Medicare surcharge.

905 people earned a salary or wage and took home an average of $47,260 each.

Government allowance and payments were collected by 80 people for on average $4,273. 55 people received the pension or other allowance.

Charitable gifts and donations of an average of $208 were made by 420 people.

The costs of tax affairs for 575 people were claimed for $356 each.