TaxStats for postcode 3898 FY2013

Postcode 3898 includes Anglers Rest, Bingo, Bingo Munjie, Bundara, Cassilis, Cobungra, Dinner Plain, Glen Valley, Glen Wills, Hinnomunjie, Omeo, Omeo Valley, Shannonvale in Victoria, and is in the federal electorate of Gippsland.

In FY 2013 the ATO recorded 395 individuals in postcode 3898. Of these people, 390 made a taxable income or loss. 285 of the population paid a gross amount of tax. After tax offsets, 240 people actually paid a net amount of tax. There were 150 non-taxable people who paid net tax of $0.

Compare TaxStats of 3898 with VIC

3898 TaxStats FY2013%Ppl#Ppl3898
Total Individuals100%395
Salary or Wage 70%275$40,787$11,216,460
Gross Interest62%245$1,760$431,190
Unfranked Dividends13%50$192$9,600
Franked Dividends23%90$6,390$575,092
Dividend Franking Credit23%90$2,741$246,722
Capital Gains5%20$7,866$157,311
Termination Payouts1%5$2,839$14,196
Tips/Directors Fees etc24%95$3,339$317,173
Business Income18%70$1,529$107,009
Foreign Income5%20$580$11,607
Government payments8%30$5,385$161,559
Government pensions8%30$9,229$276,863
Total Income or Loss99%390$37,940$14,796,745
Charitable Gifts28%110$260$28,641
Cost of Tax Affairs43%170$435$73,953
Work Car expenses24%95$2,240$212,757
Work Travel expenses6%25$1,504$37,610
Self Education expenses3%10$3,018$30,185
Total Deductions73%290$2,813$815,900
Taxable Income99%390$35,692$13,920,027
Medicare Levy 57%225$789$177,631
Medicare Surcharge 1%5$1,407$7,033
Gross Tax 72%285$8,067$2,299,075
Net Tax 61%240$9,427$2,262,424
Average Tax 100%395 $5,728$2,262,424
Gross Tax Rate 72%285 23%$2,299,075
Net Tax Rate 61%240 26%$2,262,424
Average Tax Rate 100%395 16%$2,262,424
%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 $35,692. It is estimated that the average taxable income for people who paid a net amount of tax was $50500.

The average net tax paid was $9,427. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 225 people for an average of $789. 5 people paid $1,407 on average more for the Medicare surcharge.

275 people earned a salary or wage and took home an average of $40,787 each.

Government allowance and payments were collected by 30 people for on average $5,385. 30 people received the pension or other allowance.

Charitable gifts and donations of an average of $260 were made by 110 people.

The costs of tax affairs for 170 people were claimed for $435 each.