TaxStats for postcode 3988 FY2013

Postcode 3988 includes Mountain View, Poowong, Poowong East, Poowong North in Victoria, and is in the federal electorate of McMillan.

In FY 2013 the ATO recorded 630 individuals in postcode 3988. Of these people, 625 made a taxable income or loss. 445 of the population paid a gross amount of tax. After tax offsets, 385 people actually paid a net amount of tax. There were 240 non-taxable people who paid net tax of $0.

Compare TaxStats of 3988 with VIC

3988 TaxStats FY2013%Ppl#Ppl3988
Total Individuals100%630
Salary or Wage 63%395$40,398$15,957,051
Gross Interest56%350$2,352$823,174
Unfranked Dividends21%130$601$78,095
Franked Dividends29%180$3,817$686,986
Dividend Franking Credit29%180$1,631$293,566
Capital Gains5%30$6,994$209,822
Termination Payouts1%5$9,837$49,183
Tips/Directors Fees etc13%80$2,704$216,289
Business Income13%80$7,641$611,305
Foreign Income6%35$459$16,058
Government payments6%40$5,361$214,453
Government pensions7%45$8,874$399,351
Total Income or Loss100%630$35,797$22,552,311
Charitable Gifts21%135$198$26,698
Cost of Tax Affairs36%225$222$50,017
Work Car expenses14%90$1,592$143,291
Work Travel expenses5%30$2,025$60,760
Self Education expenses2%10$4,513$45,131
Total Deductions64%405$2,162$875,636
Taxable Income99%625$34,496$21,560,012
Medicare Levy 58%365$769$280,704
Medicare Surcharge 2%10$811$8,114
Gross Tax 71%445$7,930$3,528,934
Net Tax 61%385$9,082$3,496,745
Average Tax 100%630 $5,550$3,496,745
Gross Tax Rate 71%445 23%$3,528,934
Net Tax Rate 61%385 26%$3,496,745
Average Tax Rate 100%630 16%$3,496,745
%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 $34,496. It is estimated that the average taxable income for people who paid a net amount of tax was $48520.

The average net tax paid was $9,082. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 365 people for an average of $769. 10 people paid $811 on average more for the Medicare surcharge.

395 people earned a salary or wage and took home an average of $40,398 each.

Government allowance and payments were collected by 40 people for on average $5,361. 45 people received the pension or other allowance.

Charitable gifts and donations of an average of $198 were made by 135 people.

The costs of tax affairs for 225 people were claimed for $222 each.