TaxStats for postcode 3960 FY2013

Postcode 3960 includes Bennison, Boolarong, Foster, Foster North, Gunyah, Mount Best, Rumbug, Shallow Inlet, Tidal River, Turtons Creek, Wilsons Promontory, Wonga, Woorarra West, Yanakie in Victoria, and is in the federal electorate of McMillan.

In FY 2013 the ATO recorded 1,495 individuals in postcode 3960. Of these people, 1,485 made a taxable income or loss. 1,065 of the population paid a gross amount of tax. After tax offsets, 925 people actually paid a net amount of tax. There were 560 non-taxable people who paid net tax of $0.

Compare TaxStats of 3960 with VIC

3960 TaxStats FY2013%Ppl#Ppl3960
Total Individuals100%1,495
Salary or Wage 62%925$43,715$40,436,036
Gross Interest62%930$3,409$3,170,048
Unfranked Dividends17%255$890$226,962
Franked Dividends30%455$3,831$1,742,993
Dividend Franking Credit30%450$1,662$747,877
Capital Gains6%90$13,313$1,198,151
Termination Payouts2%25$10,886$272,161
Tips/Directors Fees etc18%265$1,728$457,844
Business Income15%225$14,105$3,173,589
Foreign Income7%105$759$79,747
Government payments7%100$4,996$499,558
Government pensions9%140$9,130$1,278,247
Total Income or Loss100%1,490$41,362$61,629,094
Charitable Gifts42%625$366$228,956
Cost of Tax Affairs42%625$356$222,579
Work Car expenses24%365$1,851$675,459
Work Travel expenses6%95$1,546$146,839
Self Education expenses4%55$2,389$131,417
Total Deductions75%1,120$2,862$3,205,556
Taxable Income99%1,485$39,230$58,256,461
Medicare Levy 58%865$877$758,865
Medicare Surcharge 1%20$1,500$29,993
Gross Tax 71%1,065$10,085$10,740,343
Net Tax 62%925$11,386$10,531,991
Average Tax 100%1,495 $7,045$10,531,991
Gross Tax Rate 71%1,065 26%$10,740,343
Net Tax Rate 62%925 29%$10,531,991
Average Tax Rate 100%1,495 18%$10,531,991
%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 $39,230. It is estimated that the average taxable income for people who paid a net amount of tax was $55715.

The average net tax paid was $11,386. This equates to an average tax of 29 cents in the dollar on taxable income.

The Medicare levy was paid by 865 people for an average of $877. 20 people paid $1,500 on average more for the Medicare surcharge.

925 people earned a salary or wage and took home an average of $43,715 each.

Government allowance and payments were collected by 100 people for on average $4,996. 140 people received the pension or other allowance.

Charitable gifts and donations of an average of $366 were made by 625 people.

The costs of tax affairs for 625 people were claimed for $356 each.