TaxStats for postcode 5040 FY2013

Postcode 5040 includes Novar Gardens in South Australia, and is in the federal electorate of Hindmarsh.

In FY 2013 the ATO recorded 1,355 individuals in postcode 5040. Of these people, 1,350 made a taxable income or loss. 1,070 of the population paid a gross amount of tax. After tax offsets, 970 people actually paid a net amount of tax. There were 380 non-taxable people who paid net tax of $0.

Compare TaxStats of 5040 with SA

5040 TaxStats FY2013%Ppl#Ppl5040
Total Individuals100%1,355
Salary or Wage 72%970$52,966$51,377,136
Gross Interest66%900$2,307$2,076,334
Unfranked Dividends16%215$523$112,364
Franked Dividends36%490$6,897$3,379,465
Dividend Franking Credit35%480$3,009$1,444,376
Capital Gains7%90$6,700$602,986
Termination Payouts1%15$16,324$244,853
Tips/Directors Fees etc12%165$2,802$462,375
Business Income9%120$18,486$2,218,326
Foreign Income9%125$551$68,820
Government payments5%65$4,738$307,976
Government pensions9%120$8,469$1,016,235
Total Income or Loss100%1,350$57,383$77,466,488
Charitable Gifts37%495$295$145,877
Cost of Tax Affairs43%585$835$488,338
Work Car expenses21%290$2,337$677,604
Work Travel expenses6%80$1,306$104,440
Self Education expenses2%30$2,184$65,511
Total Deductions79%1,075$2,951$3,172,589
Taxable Income100%1,350$54,942$74,171,675
Medicare Levy 70%945$1,072$1,012,580
Medicare Surcharge 1%10$1,237$12,368
Gross Tax 79%1,070$14,778$15,811,934
Net Tax 72%970$16,418$15,925,066
Average Tax 100%1,355 $11,753$15,925,066
Gross Tax Rate 79%1,070 27%$15,811,934
Net Tax Rate 72%970 30%$15,925,066
Average Tax Rate 100%1,355 21%$15,925,066
%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 $54,942. It is estimated that the average taxable income for people who paid a net amount of tax was $71765.

The average net tax paid was $16,418. This equates to an average tax of 30 cents in the dollar on taxable income.

The Medicare levy was paid by 945 people for an average of $1,072. 10 people paid $1,237 on average more for the Medicare surcharge.

970 people earned a salary or wage and took home an average of $52,966 each.

Government allowance and payments were collected by 65 people for on average $4,738. 120 people received the pension or other allowance.

Charitable gifts and donations of an average of $295 were made by 495 people.

The costs of tax affairs for 585 people were claimed for $835 each.