TaxStats for postcode 5240 FY2013

Postcode 5240 includes Lenswood in South Australia, and is in the federal electorate of Mayo.

In FY 2013 the ATO recorded 310 individuals in postcode 5240. Of these people, 305 made a taxable income or loss. 245 of the population paid a gross amount of tax. After tax offsets, 220 people actually paid a net amount of tax. There were 85 non-taxable people who paid net tax of $0.

Compare TaxStats of 5240 with SA

5240 TaxStats FY2013%Ppl#Ppl5240
Total Individuals100%310
Salary or Wage 68%210$50,607$10,627,383
Gross Interest73%225$1,881$423,305
Unfranked Dividends16%50$294$14,703
Franked Dividends34%105$2,601$273,104
Dividend Franking Credit34%105$1,113$116,889
Capital Gains5%15$4,253$63,796
Termination Payouts2%5$3,878$19,392
Tips/Directors Fees etc13%40$5,737$229,487
Business Income13%40$22,245$889,804
Foreign Income6%20$540$10,796
Government payments3%10$5,844$58,437
Government pensions8%25$10,806$270,151
Total Income or Loss100%310$51,306$15,904,864
Charitable Gifts29%90$401$36,064
Cost of Tax Affairs42%130$395$51,371
Work Car expenses18%55$2,527$139,004
Work Travel expenses5%15$1,004$15,055
Self Education expenses2%5$3,284$16,420
Total Deductions76%235$2,916$685,244
Taxable Income98%305$49,612$15,131,515
Medicare Levy 68%210$983$206,429
Medicare Surcharge 2%5$1,495$7,473
Gross Tax 79%245$12,371$3,030,809
Net Tax 71%220$13,924$3,063,201
Average Tax 100%310 $9,881$3,063,201
Gross Tax Rate 79%245 25%$3,030,809
Net Tax Rate 71%220 28%$3,063,201
Average Tax Rate 100%310 20%$3,063,201
%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 $49,612. It is estimated that the average taxable income for people who paid a net amount of tax was $64143.

The average net tax paid was $13,924. This equates to an average tax of 28 cents in the dollar on taxable income.

The Medicare levy was paid by 210 people for an average of $983. 5 people paid $1,495 on average more for the Medicare surcharge.

210 people earned a salary or wage and took home an average of $50,607 each.

Government allowance and payments were collected by 10 people for on average $5,844. 25 people received the pension or other allowance.

Charitable gifts and donations of an average of $401 were made by 90 people.

The costs of tax affairs for 130 people were claimed for $395 each.