TaxStats for postcode 3941 FY2013

Postcode 3941 includes Rye, St Andrews Beach, Tootgarook in Victoria, and is in the federal electorate of Flinders.

In FY 2013 the ATO recorded 6,250 individuals in postcode 3941. Of these people, 6,210 made a taxable income or loss. 4,765 of the population paid a gross amount of tax. After tax offsets, 4,145 people actually paid a net amount of tax. There were 2,065 non-taxable people who paid net tax of $0.

Compare TaxStats of 3941 with VIC

3941 TaxStats FY2013%Ppl#Ppl3941
Avg
3941
Total
Total Individuals100%6,250
Income
Salary or Wage 68%4,220$42,368$178,794,336
Gross Interest53%3,315$2,031$6,732,857
Unfranked Dividends8%515$590$303,823
Franked Dividends21%1,320$6,138$8,102,738
Dividend Franking Credit21%1,315$2,639$3,470,275
Capital Gains4%225$13,149$2,958,628
Termination Payouts1%75$15,334$1,150,020
Tips/Directors Fees etc16%990$3,515$3,479,470
Business Income16%990$21,328$21,114,500
Foreign Income4%260$2,110$548,659
Government payments9%580$4,806$2,787,682
Government pensions9%575$9,335$5,367,815
Total Income or Loss100%6,220$43,066$267,870,566
Deducations
Charitable Gifts28%1,745$380$663,197
Cost of Tax Affairs49%3,070$322$987,881
Work Car expenses25%1,550$2,586$4,008,036
Work Travel expenses8%495$1,247$617,325
Self Education expenses3%210$1,524$320,097
Total Deductions78%4,875$2,649$12,916,197
Taxation
Taxable Income99%6,210$40,967$254,406,410
Medicare Levy 63%3,930$816$3,207,129
Medicare Surcharge 1%50$1,197$59,830
Gross Tax 76%4,765$8,923$42,515,873
Net Tax 66%4,145$10,248$42,478,403
Average Tax 100%6,250 $6,797$42,478,403
Gross Tax Rate 76%4,765 22%$42,515,873
Net Tax Rate 66%4,145 25%$42,478,403
Average Tax Rate 100%6,250 17%$42,478,403
%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 $40,967. It is estimated that the average taxable income for people who paid a net amount of tax was $55398.

The average net tax paid was $10,248. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 3,930 people for an average of $816. 50 people paid $1,197 on average more for the Medicare surcharge.

4,220 people earned a salary or wage and took home an average of $42,368 each.

Government allowance and payments were collected by 580 people for on average $4,806. 575 people received the pension or other allowance.

Charitable gifts and donations of an average of $380 were made by 1,745 people.

The costs of tax affairs for 3,070 people were claimed for $322 each.