TaxStats for postcode 3864 FY2013

Postcode 3864 includes Fernbank, Fernbank, Glenaladale, Glenaladale, The Fingerboard, The Fingerboard in Victoria, and is in the federal electorate of Gippsland.

In FY 2013 the ATO recorded 90 individuals in postcode 3864. Of these people, 85 made a taxable income or loss. 70 of the population paid a gross amount of tax. After tax offsets, 60 people actually paid a net amount of tax. There were 25 non-taxable people who paid net tax of $0.

Compare TaxStats of 3864 with VIC

3864 TaxStats FY2013%Ppl#Ppl3864
Total Individuals100%90
Salary or Wage 78%70$40,689$2,848,208
Gross Interest50%45$1,820$81,914
Unfranked Dividends11%10$2,400$23,998
Franked Dividends22%20$1,346$26,930
Dividend Franking Credit22%20$577$11,537
Capital Gains6%5$6,282$31,411
Termination Payouts6%5$11$55
Tips/Directors Fees etc22%20$2,139$42,782
Business Income17%15$2,700$40,495
Foreign Income6%5$214$1,072
Government payments6%5$9,525$47,625
Government pensions6%5$10,801$54,006
Total Income or Loss94%85$39,408$3,349,677
Charitable Gifts28%25$227$5,673
Cost of Tax Affairs44%40$463$18,525
Work Car expenses22%20$2,607$52,136
Work Travel expenses11%10$2,191$21,909
Self Education expenses6%5$675$3,377
Total Deductions78%70$2,684$187,877
Taxable Income94%85$37,198$3,161,800
Medicare Levy 61%55$677$37,212
Medicare Surcharge %0$$0
Gross Tax 78%70$6,648$465,339
Net Tax 67%60$7,575$454,527
Average Tax 100%90 $5,050$454,527
Gross Tax Rate 78%70 18%$465,339
Net Tax Rate 67%60 20%$454,527
Average Tax Rate 100%90 14%$454,527
%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 $37,198. It is estimated that the average taxable income for people who paid a net amount of tax was $47697.

The average net tax paid was $7,575. This equates to an average tax of 20 cents in the dollar on taxable income.

The Medicare levy was paid by 55 people for an average of $677.

70 people earned a salary or wage and took home an average of $40,689 each.

Government allowance and payments were collected by 5 people for on average $9,525. 5 people received the pension or other allowance.

Charitable gifts and donations of an average of $227 were made by 25 people.

The costs of tax affairs for 40 people were claimed for $463 each.