TaxStats for postcode 3927 FY2013

Postcode 3927 includes Somers, Somers in Victoria, and is in the federal electorate of Flinders.

In FY 2013 the ATO recorded 960 individuals in postcode 3927. Of these people, 950 made a taxable income or loss. 735 of the population paid a gross amount of tax. After tax offsets, 645 people actually paid a net amount of tax. There were 305 non-taxable people who paid net tax of $0.

Compare TaxStats of 3927 with VIC

3927 TaxStats FY2013%Ppl#Ppl3927
Avg
3927
Total
Total Individuals100%960
Income
Salary or Wage 61%590$51,494$30,381,259
Gross Interest65%625$3,886$2,428,681
Unfranked Dividends19%180$861$154,918
Franked Dividends39%375$8,662$3,248,418
Dividend Franking Credit39%375$3,712$1,391,853
Capital Gains7%70$15,426$1,079,847
Termination Payouts2%15$13,353$200,290
Tips/Directors Fees etc17%160$5,027$804,266
Business Income14%130$19,186$2,494,224
Foreign Income9%90$589$53,052
Government payments5%45$4,530$203,828
Government pensions8%80$9,167$733,345
Total Income or Loss99%955$53,115$50,725,008
Deducations
Charitable Gifts38%360$552$198,745
Cost of Tax Affairs52%500$444$222,011
Work Car expenses26%245$2,704$662,548
Work Travel expenses8%80$1,354$108,333
Self Education expenses3%30$2,546$76,394
Total Deductions81%780$3,348$2,611,515
Taxation
Taxable Income99%950$50,571$48,041,987
Medicare Levy 64%615$1,002$616,310
Medicare Surcharge 1%10$876$8,756
Gross Tax 77%735$13,133$9,652,597
Net Tax 67%645$14,806$9,549,832
Average Tax 100%960 $9,948$9,549,832
Gross Tax Rate 77%735 26%$9,652,597
Net Tax Rate 67%645 29%$9,549,832
Average Tax Rate 100%960 20%$9,549,832
%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 $50,571. It is estimated that the average taxable income for people who paid a net amount of tax was $68809.

The average net tax paid was $14,806. This equates to an average tax of 29 cents in the dollar on taxable income.

The Medicare levy was paid by 615 people for an average of $1,002. 10 people paid $876 on average more for the Medicare surcharge.

590 people earned a salary or wage and took home an average of $51,494 each.

Government allowance and payments were collected by 45 people for on average $4,530. 80 people received the pension or other allowance.

Charitable gifts and donations of an average of $552 were made by 360 people.

The costs of tax affairs for 500 people were claimed for $444 each.