TaxStats for postcode 3862 FY2013

Postcode 3862 includes Budgee Budgee, Castleburn, Cobbannah, Cowa, Crooked River, Dargo, Hawkhurst, Hollands Landing, Llowalong, Meerlieu, Miowera, Moornapa, Munro, Perry Bridge, Stockdale, Stratford, Waterford, Wongungarra in Victoria, and is in the federal electorate of Gippsland.

In FY 2013 the ATO recorded 1,730 individuals in postcode 3862. Of these people, 1,710 made a taxable income or loss. 1,265 of the population paid a gross amount of tax. After tax offsets, 1,140 people actually paid a net amount of tax. There were 570 non-taxable people who paid net tax of $0.

Compare TaxStats of 3862 with VIC

3862 TaxStats FY2013%Ppl#Ppl3862
Total Individuals100%1,730
Salary or Wage 75%1,290$51,167$66,005,353
Gross Interest56%970$1,701$1,650,073
Unfranked Dividends14%240$474$113,761
Franked Dividends23%395$4,833$1,909,196
Dividend Franking Credit23%390$2,098$818,346
Capital Gains3%60$9,572$574,347
Termination Payouts3%45$19,718$887,294
Tips/Directors Fees etc24%420$2,246$943,291
Business Income11%185$1,718$317,893
Foreign Income5%85$470$39,989
Government payments6%110$5,057$556,295
Government pensions6%105$9,278$974,207
Total Income or Loss99%1,720$47,266$81,298,045
Charitable Gifts37%645$233$150,316
Cost of Tax Affairs45%770$341$262,888
Work Car expenses35%600$2,125$1,274,774
Work Travel expenses10%170$2,592$440,645
Self Education expenses5%80$1,773$141,837
Total Deductions77%1,330$3,005$3,996,812
Taxable Income99%1,710$45,045$77,027,231
Medicare Levy 63%1,090$941$1,025,590
Medicare Surcharge 3%45$1,479$66,540
Gross Tax 73%1,265$11,738$14,848,594
Net Tax 66%1,140$13,002$14,822,127
Average Tax 100%1,730 $8,568$14,822,127
Gross Tax Rate 73%1,265 26%$14,848,594
Net Tax Rate 66%1,140 29%$14,822,127
Average Tax Rate 100%1,730 19%$14,822,127
%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 $45,045. It is estimated that the average taxable income for people who paid a net amount of tax was $61568.

The average net tax paid was $13,002. This equates to an average tax of 29 cents in the dollar on taxable income.

The Medicare levy was paid by 1,090 people for an average of $941. 45 people paid $1,479 on average more for the Medicare surcharge.

1,290 people earned a salary or wage and took home an average of $51,167 each.

Government allowance and payments were collected by 110 people for on average $5,057. 105 people received the pension or other allowance.

Charitable gifts and donations of an average of $233 were made by 645 people.

The costs of tax affairs for 770 people were claimed for $341 each.