TaxStats for postcode 3903 FY2013

Postcode 3903 includes Swan Reach in Victoria, and is in the federal electorate of Gippsland.

In FY 2013 the ATO recorded 395 individuals in postcode 3903. Of these people, 395 made a taxable income or loss. 300 of the population paid a gross amount of tax. After tax offsets, 260 people actually paid a net amount of tax. There were 135 non-taxable people who paid net tax of $0.

Compare TaxStats of 3903 with VIC

3903 TaxStats FY2013%Ppl#Ppl3903
Total Individuals100%395
Salary or Wage 72%285$44,181$12,591,639
Gross Interest57%225$1,136$255,531
Unfranked Dividends14%55$151$8,330
Franked Dividends29%115$5,761$662,557
Dividend Franking Credit29%115$2,469$283,934
Capital Gains5%20$17,819$356,384
Termination Payouts3%10$10,063$100,626
Tips/Directors Fees etc22%85$3,375$286,893
Business Income14%55$13,651$750,791
Foreign Income5%20$497$9,934
Government payments10%40$5,099$203,975
Government pensions9%35$6,740$235,910
Total Income or Loss100%395$44,099$17,418,921
Charitable Gifts34%135$155$20,906
Cost of Tax Affairs47%185$278$51,488
Work Car expenses24%95$2,233$212,121
Work Travel expenses9%35$3,712$129,909
Self Education expenses3%10$414$4,143
Total Deductions80%315$2,310$727,565
Taxable Income100%395$42,000$16,590,073
Medicare Levy 62%245$861$210,863
Medicare Surcharge 3%10$1,224$12,242
Gross Tax 76%300$9,521$2,856,419
Net Tax 66%260$11,059$2,875,341
Average Tax 100%395 $7,279$2,875,341
Gross Tax Rate 76%300 23%$2,856,419
Net Tax Rate 66%260 26%$2,875,341
Average Tax Rate 100%395 17%$2,875,341
%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 $42,000. It is estimated that the average taxable income for people who paid a net amount of tax was $57577.

The average net tax paid was $11,059. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 245 people for an average of $861. 10 people paid $1,224 on average more for the Medicare surcharge.

285 people earned a salary or wage and took home an average of $44,181 each.

Government allowance and payments were collected by 40 people for on average $5,099. 35 people received the pension or other allowance.

Charitable gifts and donations of an average of $155 were made by 135 people.

The costs of tax affairs for 185 people were claimed for $278 each.