TaxStats for postcode 3965 FY2013

Postcode 3965 includes Port Welshpool in Victoria, and is in the federal electorate of McMillan.

In FY 2013 the ATO recorded 90 individuals in postcode 3965. Of these people, 90 made a taxable income or loss. 60 of the population paid a gross amount of tax. After tax offsets, 50 people actually paid a net amount of tax. There were 40 non-taxable people who paid net tax of $0.

Compare TaxStats of 3965 with VIC

3965 TaxStats FY2013%Ppl#Ppl3965
Total Individuals100%90
Salary or Wage 61%55$40,259$2,214,260
Gross Interest56%50$2,542$127,118
Unfranked Dividends11%10$314$3,145
Franked Dividends17%15$1,281$19,211
Dividend Franking Credit17%15$545$8,175
Capital Gains6%5$2,964$14,821
Termination Payouts6%5$4,226$21,131
Tips/Directors Fees etc11%10$2,107$21,067
Business Income17%15$17,442$261,624
Foreign Income6%5$84$419
Government payments6%5$8,164$40,818
Government pensions11%10$4,529$45,294
Total Income or Loss100%90$34,632$3,116,864
Charitable Gifts39%35$150$5,257
Cost of Tax Affairs33%30$163$4,895
Work Car expenses17%15$2,177$32,661
Work Travel expenses6%5$1,602$8,012
Self Education expenses6%5$596$2,979
Total Deductions67%60$1,861$111,646
Taxable Income100%90$33,364$3,002,718
Medicare Levy 50%45$817$36,757
Medicare Surcharge 6%5$244$1,218
Gross Tax 67%60$7,762$465,691
Net Tax 56%50$9,190$459,478
Average Tax 100%90 $5,105$459,478
Gross Tax Rate 67%60 23%$465,691
Net Tax Rate 56%50 28%$459,478
Average Tax Rate 100%90 15%$459,478
%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 $33,364. It is estimated that the average taxable income for people who paid a net amount of tax was $50454.

The average net tax paid was $9,190. This equates to an average tax of 28 cents in the dollar on taxable income.

The Medicare levy was paid by 45 people for an average of $817. 5 people paid $244 on average more for the Medicare surcharge.

55 people earned a salary or wage and took home an average of $40,259 each.

Government allowance and payments were collected by 5 people for on average $8,164. 10 people received the pension or other allowance.

Charitable gifts and donations of an average of $150 were made by 35 people.

The costs of tax affairs for 30 people were claimed for $163 each.