TaxStats for postcode 3967 FY2013

Postcode 3967 includes Hedley in Victoria, and is in the federal electorate of Gippsland.

In FY 2013 the ATO recorded 70 individuals in postcode 3967. Of these people, 70 made a taxable income or loss. 50 of the population paid a gross amount of tax. After tax offsets, 45 people actually paid a net amount of tax. There were 25 non-taxable people who paid net tax of $0.

Compare TaxStats of 3967 with VIC

3967 TaxStats FY2013%Ppl#Ppl3967
Total Individuals100%70
Salary or Wage 57%40$42,583$1,703,337
Gross Interest50%35$4,196$146,850
Unfranked Dividends21%15$3,234$48,506
Franked Dividends29%20$847$16,931
Dividend Franking Credit29%20$362$7,246
Capital Gains7%5$682$3,412
Termination Payouts7%5$376$1,879
Tips/Directors Fees etc14%10$2,920$29,205
Business Income21%15$579$8,692
Foreign Income7%5$41$204
Government payments14%10$2,578$25,782
Government pensions7%5$17,372$86,861
Total Income or Loss100%70$44,230$3,096,069
Charitable Gifts21%15$250$3,747
Cost of Tax Affairs29%20$226$4,513
Work Car expenses21%15$3,280$49,193
Work Travel expenses7%5$69$346
Self Education expenses7%5$1,284$6,422
Total Deductions64%45$2,368$106,579
Taxable Income100%70$41,996$2,939,713
Medicare Levy 57%40$952$38,077
Medicare Surcharge 7%5$1,374$6,871
Gross Tax 71%50$11,079$553,947
Net Tax 64%45$11,731$527,912
Average Tax 100%70 $7,542$527,912
Gross Tax Rate 71%50 26%$553,947
Net Tax Rate 64%45 28%$527,912
Average Tax Rate 100%70 18%$527,912
%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 $41,996. It is estimated that the average taxable income for people who paid a net amount of tax was $58660.

The average net tax paid was $11,731. This equates to an average tax of 28 cents in the dollar on taxable income.

The Medicare levy was paid by 40 people for an average of $952. 5 people paid $1,374 on average more for the Medicare surcharge.

40 people earned a salary or wage and took home an average of $42,583 each.

Government allowance and payments were collected by 10 people for on average $2,578. 5 people received the pension or other allowance.

Charitable gifts and donations of an average of $250 were made by 15 people.

The costs of tax affairs for 20 people were claimed for $226 each.