TaxStats for postcode 3958 FY2013

Postcode 3958 includes Buffalo, Buffalo Creek in Victoria, and is in the federal electorate of McMillan.

In FY 2013 the ATO recorded 160 individuals in postcode 3958. Of these people, 155 made a taxable income or loss. 110 of the population paid a gross amount of tax. After tax offsets, 100 people actually paid a net amount of tax. There were 55 non-taxable people who paid net tax of $0.

Compare TaxStats of 3958 with VIC

3958 TaxStats FY2013%Ppl#Ppl3958
Total Individuals100%160
Salary or Wage 56%90$35,860$3,227,380
Gross Interest66%105$2,415$253,594
Unfranked Dividends22%35$1,399$48,960
Franked Dividends34%55$2,320$127,587
Dividend Franking Credit34%55$994$54,665
Capital Gains6%10$1,990$19,899
Termination Payouts3%5$9,054$45,270
Tips/Directors Fees etc16%25$1,191$29,770
Business Income12%20$5,673$113,452
Foreign Income6%10$172$1,715
Government payments6%10$4,505$45,046
Government pensions3%5$3,792$18,958
Total Income or Loss100%160$31,010$4,961,673
Charitable Gifts25%40$141$5,622
Cost of Tax Affairs34%55$428$23,541
Work Car expenses22%35$1,967$68,840
Work Travel expenses9%15$1,814$27,210
Self Education expenses3%5$1,458$7,289
Total Deductions62%100$2,692$269,210
Taxable Income97%155$29,900$4,634,507
Medicare Levy 56%90$720$64,791
Medicare Surcharge 3%5$622$3,108
Gross Tax 69%110$6,751$742,581
Net Tax 62%100$7,390$738,959
Average Tax 100%160 $4,618$738,959
Gross Tax Rate 69%110 23%$742,581
Net Tax Rate 62%100 25%$738,959
Average Tax Rate 100%160 15%$738,959
%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 $29,900. It is estimated that the average taxable income for people who paid a net amount of tax was $39745.

The average net tax paid was $7,390. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 90 people for an average of $720. 5 people paid $622 on average more for the Medicare surcharge.

90 people earned a salary or wage and took home an average of $35,860 each.

Government allowance and payments were collected by 10 people for on average $4,505. 5 people received the pension or other allowance.

Charitable gifts and donations of an average of $141 were made by 40 people.

The costs of tax affairs for 55 people were claimed for $428 each.