TaxStats for postcode 3956 FY2013

Postcode 3956 includes Dumbalk, Dumbalk North, Meeniyan, Middle Tarwin, Mirboo South, Tarwin, Tarwin Lower, Venus Bay, Walkerville, Walkerville South in Victoria, and is in the federal electorate of McMillan.

In FY 2013 the ATO recorded 1,335 individuals in postcode 3956. Of these people, 1,315 made a taxable income or loss. 930 of the population paid a gross amount of tax. After tax offsets, 795 people actually paid a net amount of tax. There were 520 non-taxable people who paid net tax of $0.

Compare TaxStats of 3956 with VIC

3956 TaxStats FY2013%Ppl#Ppl3956
Total Individuals100%1,335
Salary or Wage 59%785$41,295$32,416,348
Gross Interest59%785$2,604$2,044,282
Unfranked Dividends19%255$1,021$260,467
Franked Dividends29%385$4,625$1,780,551
Dividend Franking Credit28%380$2,009$763,349
Capital Gains5%65$11,839$769,528
Termination Payouts1%15$26,591$398,862
Tips/Directors Fees etc16%210$2,610$548,132
Business Income15%195$13,686$2,668,859
Foreign Income5%65$598$38,872
Government payments7%90$6,421$577,863
Government pensions5%70$10,948$766,362
Total Income or Loss99%1,325$37,666$49,906,975
Charitable Gifts33%445$268$119,238
Cost of Tax Affairs37%495$302$149,691
Work Car expenses19%260$2,266$589,275
Work Travel expenses5%70$1,694$118,545
Self Education expenses2%30$2,209$66,261
Total Deductions69%915$2,548$2,331,561
Taxable Income99%1,315$36,001$47,341,848
Medicare Levy 56%745$806$600,689
Medicare Surcharge 1%15$1,103$16,551
Gross Tax 70%930$8,634$8,030,083
Net Tax 60%795$9,854$7,834,282
Average Tax 100%1,335 $5,868$7,834,282
Gross Tax Rate 70%930 24%$8,030,083
Net Tax Rate 60%795 27%$7,834,282
Average Tax Rate 100%1,335 16%$7,834,282
%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 $36,001. It is estimated that the average taxable income for people who paid a net amount of tax was $51700.

The average net tax paid was $9,854. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 745 people for an average of $806. 15 people paid $1,103 on average more for the Medicare surcharge.

785 people earned a salary or wage and took home an average of $41,295 each.

Government allowance and payments were collected by 90 people for on average $6,421. 70 people received the pension or other allowance.

Charitable gifts and donations of an average of $268 were made by 445 people.

The costs of tax affairs for 495 people were claimed for $302 each.