TaxStats for postcode 3929 FY2013

Postcode 3929 includes Flinders, Flinders in Victoria, and is in the federal electorate of Flinders.

In FY 2013 the ATO recorded 575 individuals in postcode 3929. Of these people, 570 made a taxable income or loss. 425 of the population paid a gross amount of tax. After tax offsets, 375 people actually paid a net amount of tax. There were 195 non-taxable people who paid net tax of $0.

Compare TaxStats of 3929 with VIC

3929 TaxStats FY2013%Ppl#Ppl3929
Avg
3929
Total
Total Individuals100%575
Income
Salary or Wage 49%280$68,850$19,277,861
Gross Interest71%410$4,982$2,042,728
Unfranked Dividends22%125$916$114,492
Franked Dividends45%260$23,631$6,144,093
Dividend Franking Credit45%260$10,119$2,630,812
Capital Gains10%60$31,356$1,881,340
Termination Payouts1%5$2,298$11,490
Tips/Directors Fees etc12%70$9,728$680,955
Business Income18%105$23,604$2,478,404
Foreign Income12%70$2,737$191,570
Government payments3%15$7,030$105,443
Government pensions7%40$9,775$391,008
Total Income or Loss100%575$97,939$56,314,995
Deducations
Charitable Gifts36%205$2,778$569,581
Cost of Tax Affairs48%275$1,721$473,343
Work Car expenses14%80$4,324$345,912
Work Travel expenses4%25$2,235$55,880
Self Education expenses3%15$698$10,465
Total Deductions77%445$6,540$2,910,168
Taxation
Taxable Income99%570$93,571$53,335,380
Medicare Levy 63%360$2,089$752,041
Medicare Surcharge 1%5$1,599$7,994
Gross Tax 74%425$39,392$16,741,717
Net Tax 65%375$45,567$17,087,765
Average Tax 100%575 $29,718$17,087,765
Gross Tax Rate 74%425 42%$16,741,717
Net Tax Rate 65%375 49%$17,087,765
Average Tax Rate 100%575 32%$17,087,765
%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 $93,571. It is estimated that the average taxable income for people who paid a net amount of tax was $135988.

The average net tax paid was $45,567. This equates to an average tax of 49 cents in the dollar on taxable income.

The Medicare levy was paid by 360 people for an average of $2,089. 5 people paid $1,599 on average more for the Medicare surcharge.

280 people earned a salary or wage and took home an average of $68,850 each.

Government allowance and payments were collected by 15 people for on average $7,030. 40 people received the pension or other allowance.

Charitable gifts and donations of an average of $2,778 were made by 205 people.

The costs of tax affairs for 275 people were claimed for $1,721 each.