TaxStats for postcode 5556 FY2013

Postcode 5556 includes North Beach, Wallaroo, Wallaroo Plain, Warburto in South Australia, and is in the federal electorate of Grey.

In FY 2013 the ATO recorded 1,630 individuals in postcode 5556. Of these people, 1,620 made a taxable income or loss. 1,220 of the population paid a gross amount of tax. After tax offsets, 1,075 people actually paid a net amount of tax. There were 545 non-taxable people who paid net tax of $0.

Compare TaxStats of 5556 with SA

5556 TaxStats FY2013%Ppl#Ppl5556
Total Individuals100%1,630
Salary or Wage 69%1,120$41,444$46,416,732
Gross Interest56%920$2,678$2,463,950
Unfranked Dividends10%165$366$60,449
Franked Dividends22%365$3,612$1,318,207
Dividend Franking Credit22%365$1,546$564,427
Capital Gains5%85$20,174$1,714,807
Termination Payouts2%25$6,917$172,925
Tips/Directors Fees etc17%270$2,247$606,608
Business Income9%140$13,246$1,854,489
Foreign Income4%70$140$9,765
Government payments13%220$6,000$1,320,072
Government pensions10%160$9,837$1,573,984
Total Income or Loss100%1,625$42,110$68,428,269
Charitable Gifts25%405$186$75,329
Cost of Tax Affairs45%735$285$209,468
Work Car expenses21%345$2,119$731,143
Work Travel expenses6%100$2,770$276,983
Self Education expenses3%50$1,367$68,338
Total Deductions79%1,280$2,464$3,154,390
Taxable Income99%1,620$40,188$65,103,900
Medicare Levy 63%1,025$807$827,222
Medicare Surcharge 0%5$2,031$10,155
Gross Tax 75%1,220$8,977$10,952,099
Net Tax 66%1,075$9,879$10,620,287
Average Tax 100%1,630 $6,516$10,620,287
Gross Tax Rate 75%1,220 22%$10,952,099
Net Tax Rate 66%1,075 25%$10,620,287
Average Tax Rate 100%1,630 16%$10,620,287
%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 $40,188. It is estimated that the average taxable income for people who paid a net amount of tax was $54478.

The average net tax paid was $9,879. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 1,025 people for an average of $807. 5 people paid $2,031 on average more for the Medicare surcharge.

1,120 people earned a salary or wage and took home an average of $41,444 each.

Government allowance and payments were collected by 220 people for on average $6,000. 160 people received the pension or other allowance.

Charitable gifts and donations of an average of $186 were made by 405 people.

The costs of tax affairs for 735 people were claimed for $285 each.