TaxStats for postcode 3964 FY2013

Postcode 3964 includes Port Franklin in Victoria, and is in the federal electorate of McMillan.

In FY 2013 the ATO recorded 90 individuals in postcode 3964. Of these people, 90 made a taxable income or loss. 75 of the population paid a gross amount of tax. After tax offsets, 65 people actually paid a net amount of tax. There were 25 non-taxable people who paid net tax of $0.

Compare TaxStats of 3964 with VIC

3964 TaxStats FY2013%Ppl#Ppl3964
Total Individuals100%90
Salary or Wage 72%65$46,171$3,001,122
Gross Interest56%50$1,690$84,499
Unfranked Dividends6%5$58$290
Franked Dividends17%15$2,960$44,401
Dividend Franking Credit17%15$1,268$19,024
Capital Gains6%5$8,503$42,517
Termination Payouts6%5$33,175$165,875
Tips/Directors Fees etc17%15$988$14,813
Business Income17%15$21,612$324,180
Foreign Income6%5$729$3,643
Government payments6%5$5,027$25,135
Government pensions6%5$5,938$29,689
Total Income or Loss100%90$46,047$4,144,203
Charitable Gifts50%45$173$7,764
Cost of Tax Affairs56%50$274$13,720
Work Car expenses33%30$1,582$47,473
Work Travel expenses6%5$930$4,649
Self Education expenses6%5$610$3,048
Total Deductions83%75$2,464$184,813
Taxable Income100%90$43,713$3,934,156
Medicare Levy 67%60$856$51,387
Medicare Surcharge 6%5$1,441$7,205
Gross Tax 83%75$9,283$696,250
Net Tax 72%65$10,346$672,462
Average Tax 100%90 $7,472$672,462
Gross Tax Rate 83%75 21%$696,250
Net Tax Rate 72%65 24%$672,462
Average Tax Rate 100%90 17%$672,462
%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 $43,713. It is estimated that the average taxable income for people who paid a net amount of tax was $55910.

The average net tax paid was $10,346. This equates to an average tax of 24 cents in the dollar on taxable income.

The Medicare levy was paid by 60 people for an average of $856. 5 people paid $1,441 on average more for the Medicare surcharge.

65 people earned a salary or wage and took home an average of $46,171 each.

Government allowance and payments were collected by 5 people for on average $5,027. 5 people received the pension or other allowance.

Charitable gifts and donations of an average of $173 were made by 45 people.

The costs of tax affairs for 50 people were claimed for $274 each.