TaxStats for postcode 5024 FY2013

Postcode 5024 includes Fulham, Fulham Gardens, West Beach in South Australia, and is in the federal electorate of Hindmarsh.

In FY 2013 the ATO recorded 8,345 individuals in postcode 5024. Of these people, 8,305 made a taxable income or loss. 6,690 of the population paid a gross amount of tax. After tax offsets, 6,095 people actually paid a net amount of tax. There were 2,210 non-taxable people who paid net tax of $0.

Compare TaxStats of 5024 with SA

5024 TaxStats FY2013%Ppl#Ppl5024
Total Individuals100%8,345
Salary or Wage 72%5,995$52,230$313,116,264
Gross Interest64%5,300$2,371$12,563,852
Unfranked Dividends12%1,025$555$568,642
Franked Dividends29%2,460$6,083$14,963,151
Dividend Franking Credit29%2,455$2,607$6,399,215
Capital Gains5%450$14,285$6,428,304
Termination Payouts1%115$10,130$1,164,997
Tips/Directors Fees etc13%1,120$3,378$3,783,078
Business Income8%655$19,937$13,058,964
Foreign Income7%560$719$402,515
Government payments5%440$5,335$2,347,371
Government pensions8%665$8,747$5,816,636
Total Income or Loss100%8,320$53,776$447,420,383
Charitable Gifts36%3,000$342$1,027,488
Cost of Tax Affairs44%3,640$326$1,186,494
Work Car expenses22%1,870$2,419$4,524,126
Work Travel expenses6%515$1,622$835,426
Self Education expenses3%220$2,458$540,815
Total Deductions80%6,660$2,724$18,140,122
Taxable Income100%8,305$51,622$428,717,866
Medicare Levy 70%5,840$985$5,752,620
Medicare Surcharge 1%100$1,121$112,147
Gross Tax 80%6,690$12,874$86,129,660
Net Tax 73%6,095$14,332$87,351,219
Average Tax 100%8,345 $10,467$87,351,219
Gross Tax Rate 80%6,690 25%$86,129,660
Net Tax Rate 73%6,095 28%$87,351,219
Average Tax Rate 100%8,345 20%$87,351,219
%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 $51,622. It is estimated that the average taxable income for people who paid a net amount of tax was $65988.

The average net tax paid was $14,332. This equates to an average tax of 28 cents in the dollar on taxable income.

The Medicare levy was paid by 5,840 people for an average of $985. 100 people paid $1,121 on average more for the Medicare surcharge.

5,995 people earned a salary or wage and took home an average of $52,230 each.

Government allowance and payments were collected by 440 people for on average $5,335. 665 people received the pension or other allowance.

Charitable gifts and donations of an average of $342 were made by 3,000 people.

The costs of tax affairs for 3,640 people were claimed for $326 each.