TaxStats for postcode 7004 FY2013

Postcode 7004 includes Battery Point, South Hobart in Tasmania, and is in the federal electorate of Denison.

In FY 2013 the ATO recorded 4,455 individuals in postcode 7004. Of these people, 4,430 made a taxable income or loss. 3,595 of the population paid a gross amount of tax. After tax offsets, 3,280 people actually paid a net amount of tax. There were 1,150 non-taxable people who paid net tax of $0.

Compare TaxStats of 7004 with TAS

7004 TaxStats FY2013%Ppl#Ppl7004
Total Individuals100%4,455
Salary or Wage 75%3,325$54,690$181,843,262
Gross Interest64%2,865$2,682$7,683,543
Unfranked Dividends12%525$1,257$659,962
Franked Dividends32%1,440$7,781$11,205,031
Dividend Franking Credit32%1,435$3,343$4,797,599
Capital Gains6%265$28,076$7,440,008
Termination Payouts1%40$14,134$565,349
Tips/Directors Fees etc12%530$6,323$3,351,171
Business Income13%575$34,675$19,937,875
Foreign Income9%420$1,428$599,903
Government payments9%395$6,523$2,576,561
Government pensions6%270$8,527$2,302,173
Total Income or Loss100%4,440$62,411$277,106,770
Charitable Gifts44%1,940$803$1,557,227
Cost of Tax Affairs47%2,075$402$835,062
Work Car expenses18%790$1,682$1,328,846
Work Travel expenses9%405$1,447$585,993
Self Education expenses5%210$1,671$350,961
Total Deductions81%3,600$3,097$11,149,158
Taxable Income99%4,430$59,885$265,292,462
Medicare Levy 71%3,160$1,146$3,621,999
Medicare Surcharge 2%80$1,161$92,905
Gross Tax 81%3,595$16,710$60,071,180
Net Tax 74%3,280$18,692$61,310,046
Average Tax 100%4,455 $13,762$61,310,046
Gross Tax Rate 81%3,595 28%$60,071,180
Net Tax Rate 74%3,280 31%$61,310,046
Average Tax Rate 100%4,455 23%$61,310,046
%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 $59,885. It is estimated that the average taxable income for people who paid a net amount of tax was $76675.

The average net tax paid was $18,692. This equates to an average tax of 31 cents in the dollar on taxable income.

The Medicare levy was paid by 3,160 people for an average of $1,146. 80 people paid $1,161 on average more for the Medicare surcharge.

3,325 people earned a salary or wage and took home an average of $54,690 each.

Government allowance and payments were collected by 395 people for on average $6,523. 270 people received the pension or other allowance.

Charitable gifts and donations of an average of $803 were made by 1,940 people.

The costs of tax affairs for 2,075 people were claimed for $402 each.