TaxStats for postcode 3959 FY2013

Postcode 3959 includes Fish Creek, Hoddle, Sandy Point, Waratah Bay, Waratah North in Victoria, and is in the federal electorate of McMillan.

In FY 2013 the ATO recorded 680 individuals in postcode 3959. Of these people, 670 made a taxable income or loss. 470 of the population paid a gross amount of tax. After tax offsets, 395 people actually paid a net amount of tax. There were 275 non-taxable people who paid net tax of $0.

Compare TaxStats of 3959 with VIC

3959 TaxStats FY2013%Ppl#Ppl3959
Total Individuals100%680
Salary or Wage 54%370$41,300$15,281,155
Gross Interest60%405$2,703$1,094,914
Unfranked Dividends25%170$1,106$188,075
Franked Dividends34%230$3,481$800,742
Dividend Franking Credit34%230$1,493$343,444
Capital Gains7%50$17,003$850,144
Termination Payouts1%10$18,164$181,635
Tips/Directors Fees etc14%95$2,960$281,219
Business Income15%100$13,809$1,380,860
Foreign Income7%50$197$9,826
Government payments5%35$7,448$260,670
Government pensions5%35$7,542$263,960
Total Income or Loss99%675$39,238$26,485,860
Charitable Gifts37%250$336$83,964
Cost of Tax Affairs35%240$391$93,780
Work Car expenses19%130$2,057$267,454
Work Travel expenses6%40$2,995$119,790
Self Education expenses4%25$1,149$28,718
Total Deductions70%475$3,291$1,563,112
Taxable Income99%670$36,917$24,734,209
Medicare Levy 54%370$874$323,202
Medicare Surcharge 1%10$1,213$12,127
Gross Tax 69%470$9,629$4,525,418
Net Tax 58%395$11,090$4,380,721
Average Tax 100%680 $6,442$4,380,721
Gross Tax Rate 69%470 26%$4,525,418
Net Tax Rate 58%395 30%$4,380,721
Average Tax Rate 100%680 17%$4,380,721
%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 $36,917. It is estimated that the average taxable income for people who paid a net amount of tax was $54264.

The average net tax paid was $11,090. This equates to an average tax of 30 cents in the dollar on taxable income.

The Medicare levy was paid by 370 people for an average of $874. 10 people paid $1,213 on average more for the Medicare surcharge.

370 people earned a salary or wage and took home an average of $41,300 each.

Government allowance and payments were collected by 35 people for on average $7,448. 35 people received the pension or other allowance.

Charitable gifts and donations of an average of $336 were made by 250 people.

The costs of tax affairs for 240 people were claimed for $391 each.