TaxStats for postcode 5120 FY2013

Postcode 5120 includes Buckland Park, Virginia in South Australia, and is in the federal electorate of Wakefield.

In FY 2013 the ATO recorded 1,310 individuals in postcode 5120. Of these people, 1,305 made a taxable income or loss. 1,035 of the population paid a gross amount of tax. After tax offsets, 930 people actually paid a net amount of tax. There were 375 non-taxable people who paid net tax of $0.

Compare TaxStats of 5120 with SA

5120 TaxStats FY2013%Ppl#Ppl5120
Avg
5120
Total
Total Individuals100%1,310
Income
Salary or Wage 61%805$43,150$34,735,995
Gross Interest50%650$2,190$1,423,500
Unfranked Dividends6%85$546$46,376
Franked Dividends18%235$9,175$2,156,051
Dividend Franking Credit18%230$4,017$923,897
Capital Gains3%45$9,941$447,329
Termination Payouts1%15$10,081$151,212
Tips/Directors Fees etc12%160$5,566$890,573
Business Income12%155$20,220$3,134,074
Foreign Income4%50$813$40,646
Government payments7%90$5,556$500,017
Government pensions5%60$9,651$579,047
Total Income or Loss99%1,300$44,488$57,833,935
Deducations
Charitable Gifts21%280$228$63,726
Cost of Tax Affairs42%555$349$193,789
Work Car expenses18%230$2,356$541,824
Work Travel expenses4%50$2,776$138,817
Self Education expenses2%25$1,938$48,460
Total Deductions70%915$2,363$2,161,893
Taxation
Taxable Income100%1,305$42,498$55,460,190
Medicare Levy 67%875$831$726,896
Medicare Surcharge 1%15$983$14,750
Gross Tax 79%1,035$9,171$9,492,375
Net Tax 71%930$10,257$9,539,386
Average Tax 100%1,310 $7,282$9,539,386
Gross Tax Rate 79%1,035 22%$9,492,375
Net Tax Rate 71%930 24%$9,539,386
Average Tax Rate 100%1,310 17%$9,539,386
%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 $42,498. It is estimated that the average taxable income for people who paid a net amount of tax was $54796.

The average net tax paid was $10,257. This equates to an average tax of 24 cents in the dollar on taxable income.

The Medicare levy was paid by 875 people for an average of $831. 15 people paid $983 on average more for the Medicare surcharge.

805 people earned a salary or wage and took home an average of $43,150 each.

Government allowance and payments were collected by 90 people for on average $5,556. 60 people received the pension or other allowance.

Charitable gifts and donations of an average of $228 were made by 280 people.

The costs of tax affairs for 555 people were claimed for $349 each.