TaxStats for postcode 3891 FY2013

Postcode 3891 includes Genoa, Gipsy Point, Maramingo Creek, Wallagaraugh, Wangarabell, Wingan River, Wroxham in Victoria, and is in the federal electorate of Gippsland.

In FY 2013 the ATO recorded 70 individuals in postcode 3891. Of these people, 65 made a taxable income or loss. 45 of the population paid a gross amount of tax. After tax offsets, 35 people actually paid a net amount of tax. There were 30 non-taxable people who paid net tax of $0.

Compare TaxStats of 3891 with VIC

3891 TaxStats FY2013%Ppl#Ppl3891
Total Individuals100%70
Salary or Wage 50%35$59,678$2,088,733
Gross Interest64%45$3,899$175,473
Unfranked Dividends14%10$291$2,907
Franked Dividends29%20$7,087$141,733
Dividend Franking Credit29%20$3,038$60,764
Capital Gains7%5$7,448$37,242
Termination Payouts7%5$209,870$1,049,348
Tips/Directors Fees etc7%5$4,858$24,290
Business Income21%15$4,495$67,425
Foreign Income7%5$1,408$7,038
Government payments7%5$6,275$31,375
Government pensions7%5$13,379$66,897
Total Income or Loss93%65$94,782$6,160,845
Charitable Gifts29%20$571$11,424
Cost of Tax Affairs50%35$969$33,914
Work Car expenses14%10$3,343$33,434
Work Travel expenses7%5$441$2,203
Self Education expenses7%5$651$3,257
Total Deductions57%40$5,600$223,986
Taxable Income93%65$90,820$5,903,295
Medicare Levy 50%35$2,295$80,320
Medicare Surcharge %0$$0
Gross Tax 64%45$43,378$1,952,024
Net Tax 50%35$54,041$1,891,420
Average Tax 100%70 $27,020$1,891,420
Gross Tax Rate 64%45 48%$1,952,024
Net Tax Rate 50%35 60%$1,891,420
Average Tax Rate 100%70 30%$1,891,420
%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 $90,820. It is estimated that the average taxable income for people who paid a net amount of tax was $158380.

The average net tax paid was $54,041. This equates to an average tax of 60 cents in the dollar on taxable income.

The Medicare levy was paid by 35 people for an average of $2,295.

35 people earned a salary or wage and took home an average of $59,678 each.

Government allowance and payments were collected by 5 people for on average $6,275. 5 people received the pension or other allowance.

Charitable gifts and donations of an average of $571 were made by 20 people.

The costs of tax affairs for 35 people were claimed for $969 each.