TaxStats for postcode 3996 FY2013

Postcode 3996 includes Inverloch, Pound Creek in Victoria, and is in the federal electorate of McMillan.

In FY 2013 the ATO recorded 2,745 individuals in postcode 3996. Of these people, 2,720 made a taxable income or loss. 1,990 of the population paid a gross amount of tax. After tax offsets, 1,720 people actually paid a net amount of tax. There were 1,000 non-taxable people who paid net tax of $0.

Compare TaxStats of 3996 with VIC

3996 TaxStats FY2013%Ppl#Ppl3996
Total Individuals100%2,745
Salary or Wage 64%1,745$46,185$80,592,066
Gross Interest63%1,720$2,726$4,688,104
Unfranked Dividends16%445$793$352,882
Franked Dividends33%910$6,809$6,196,322
Dividend Franking Credit33%910$2,914$2,651,645
Capital Gains7%180$10,184$1,833,043
Termination Payouts3%75$18,655$1,399,099
Tips/Directors Fees etc20%545$3,226$1,758,039
Business Income13%345$16,251$5,606,606
Foreign Income7%190$2,480$471,107
Government payments8%215$5,731$1,232,146
Government pensions9%255$8,863$2,260,148
Total Income or Loss99%2,730$45,900$125,305,896
Charitable Gifts44%1,195$267$318,777
Cost of Tax Affairs46%1,275$348$443,562
Work Car expenses27%745$2,350$1,750,857
Work Travel expenses8%220$1,134$249,454
Self Education expenses3%85$2,518$214,031
Total Deductions76%2,095$3,126$6,549,811
Taxable Income99%2,720$43,584$118,547,979
Medicare Levy 60%1,640$934$1,532,156
Medicare Surcharge 2%55$993$54,612
Gross Tax 72%1,990$11,311$22,508,904
Net Tax 63%1,720$13,077$22,492,283
Average Tax 100%2,745 $8,194$22,492,283
Gross Tax Rate 72%1,990 26%$22,508,904
Net Tax Rate 63%1,720 30%$22,492,283
Average Tax Rate 100%2,745 19%$22,492,283
%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 $43,584. It is estimated that the average taxable income for people who paid a net amount of tax was $61946.

The average net tax paid was $13,077. This equates to an average tax of 30 cents in the dollar on taxable income.

The Medicare levy was paid by 1,640 people for an average of $934. 55 people paid $993 on average more for the Medicare surcharge.

1,745 people earned a salary or wage and took home an average of $46,185 each.

Government allowance and payments were collected by 215 people for on average $5,731. 255 people received the pension or other allowance.

Charitable gifts and donations of an average of $267 were made by 1,195 people.

The costs of tax affairs for 1,275 people were claimed for $348 each.