TaxStats for postcode 3874 FY2013

Postcode 3874 includes Cherrilong, Cherrilong, Mcloughlins Beach, Mcloughlins Beach, Woodside, Woodside, Woodside Beach, Woodside Beach, Woodside North, Woodside North in Victoria, and is in the federal electorate of Gippsland.

In FY 2013 the ATO recorded 320 individuals in postcode 3874. Of these people, 320 made a taxable income or loss. 245 of the population paid a gross amount of tax. After tax offsets, 210 people actually paid a net amount of tax. There were 110 non-taxable people who paid net tax of $0.

Compare TaxStats of 3874 with VIC

3874 TaxStats FY2013%Ppl#Ppl3874
Total Individuals100%320
Salary or Wage 62%200$51,641$10,328,268
Gross Interest62%200$3,168$633,592
Unfranked Dividends20%65$492$31,998
Franked Dividends31%100$26,104$2,610,410
Dividend Franking Credit30%95$11,775$1,118,614
Capital Gains3%10$973$9,728
Termination Payouts3%10$23,521$235,206
Tips/Directors Fees etc22%70$4,135$289,463
Business Income11%35$21,208$742,287
Foreign Income6%20$55$1,109
Government payments8%25$5,562$139,051
Government pensions5%15$9,746$146,193
Total Income or Loss100%320$56,838$18,188,213
Charitable Gifts27%85$197$16,721
Cost of Tax Affairs36%115$326$37,509
Work Car expenses22%70$2,924$204,681
Work Travel expenses9%30$1,838$55,139
Self Education expenses3%10$2,699$26,990
Total Deductions67%215$3,106$667,836
Taxable Income100%320$54,680$17,497,674
Medicare Levy 61%195$1,201$234,243
Medicare Surcharge 2%5$1,410$7,052
Gross Tax 77%245$17,649$4,324,048
Net Tax 66%210$20,381$4,280,034
Average Tax 100%320 $13,375$4,280,034
Gross Tax Rate 77%245 32%$4,324,048
Net Tax Rate 66%210 37%$4,280,034
Average Tax Rate 100%320 24%$4,280,034
%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 $54,680. It is estimated that the average taxable income for people who paid a net amount of tax was $77037.

The average net tax paid was $20,381. This equates to an average tax of 37 cents in the dollar on taxable income.

The Medicare levy was paid by 195 people for an average of $1,201. 5 people paid $1,410 on average more for the Medicare surcharge.

200 people earned a salary or wage and took home an average of $51,641 each.

Government allowance and payments were collected by 25 people for on average $5,562. 15 people received the pension or other allowance.

Charitable gifts and donations of an average of $197 were made by 85 people.

The costs of tax affairs for 115 people were claimed for $326 each.