TaxStats for postcode 3858 FY2013

Postcode 3858 includes Arbuckle, Billabong, Crookayan, Dawson, Dawson, Denison, Denison, Gillum, Glen Falloch, Glen Falloch, Glenfalloch, Glenmaggie, Glenmaggie, Heyfield, Heyfield, Licola, Licola, Licola North, Licola North, Reynard, Sargood, Seaton, Seaton, Tamboritha, Tamboritha, Winnindoo, Winnindoo, Worrowing, Yangoura in Victoria, and is in the federal electorate of Gippsland.

In FY 2013 the ATO recorded 1,595 individuals in postcode 3858. Of these people, 1,580 made a taxable income or loss. 1,200 of the population paid a gross amount of tax. After tax offsets, 1,045 people actually paid a net amount of tax. There were 535 non-taxable people who paid net tax of $0.

Compare TaxStats of 3858 with VIC

3858 TaxStats FY2013%Ppl#Ppl3858
Total Individuals100%1,595
Salary or Wage 75%1,195$46,403$55,451,482
Gross Interest50%795$2,203$1,751,008
Unfranked Dividends15%235$1,059$248,959
Franked Dividends25%400$4,318$1,727,096
Dividend Franking Credit25%400$1,851$740,234
Capital Gains4%60$3,710$222,628
Termination Payouts3%50$22,914$1,145,686
Tips/Directors Fees etc19%300$2,506$751,922
Business Income10%155$1,398$216,721
Foreign Income3%55$261$14,369
Government payments9%140$5,465$765,078
Government pensions7%115$9,236$1,062,153
Total Income or Loss99%1,585$44,352$70,298,612
Charitable Gifts43%685$165$112,927
Cost of Tax Affairs45%710$354$251,051
Work Car expenses31%500$2,294$1,147,016
Work Travel expenses7%115$2,143$246,472
Self Education expenses3%45$2,361$106,225
Total Deductions78%1,250$2,900$3,624,774
Taxable Income99%1,580$41,962$66,300,275
Medicare Levy 62%985$901$887,005
Medicare Surcharge 3%40$1,515$60,613
Gross Tax 75%1,200$10,373$12,447,683
Net Tax 66%1,045$11,837$12,369,624
Average Tax 100%1,595 $7,755$12,369,624
Gross Tax Rate 75%1,200 25%$12,447,683
Net Tax Rate 66%1,045 28%$12,369,624
Average Tax Rate 100%1,595 18%$12,369,624
%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 $41,962. It is estimated that the average taxable income for people who paid a net amount of tax was $57302.

The average net tax paid was $11,837. This equates to an average tax of 28 cents in the dollar on taxable income.

The Medicare levy was paid by 985 people for an average of $901. 40 people paid $1,515 on average more for the Medicare surcharge.

1,195 people earned a salary or wage and took home an average of $46,403 each.

Government allowance and payments were collected by 140 people for on average $5,465. 115 people received the pension or other allowance.

Charitable gifts and donations of an average of $165 were made by 685 people.

The costs of tax affairs for 710 people were claimed for $354 each.