TaxStats for postcode 7005 FY2013

Postcode 7005 includes Dynnyrne, Lower Sandy Bay, Sandy Bay, University Of Tasmania in Tasmania, and is in the federal electorate of Denison.

In FY 2013 the ATO recorded 8,135 individuals in postcode 7005. Of these people, 8,085 made a taxable income or loss. 6,225 of the population paid a gross amount of tax. After tax offsets, 5,580 people actually paid a net amount of tax. There were 2,505 non-taxable people who paid net tax of $0.

Compare TaxStats of 7005 with TAS

7005 TaxStats FY2013%Ppl#Ppl7005
Total Individuals100%8,135
Salary or Wage 69%5,645$55,353$312,469,436
Gross Interest66%5,405$3,785$20,455,835
Unfranked Dividends16%1,280$1,554$1,989,707
Franked Dividends37%3,050$12,580$38,367,572
Dividend Franking Credit37%3,035$5,415$16,436,025
Capital Gains7%595$23,987$14,272,407
Termination Payouts1%65$9,913$644,331
Tips/Directors Fees etc11%920$9,012$8,290,818
Business Income10%795$39,438$31,353,077
Foreign Income10%820$1,156$947,918
Government payments8%635$6,048$3,840,495
Government pensions6%505$7,841$3,959,518
Total Income or Loss100%8,105$66,801$541,424,311
Charitable Gifts38%3,070$999$3,065,521
Cost of Tax Affairs43%3,510$478$1,677,601
Work Car expenses16%1,270$2,265$2,876,457
Work Travel expenses7%555$2,165$1,201,536
Self Education expenses3%280$1,669$467,186
Total Deductions76%6,170$3,777$23,305,754
Taxable Income99%8,085$63,926$516,844,971
Medicare Levy 65%5,290$1,327$7,017,530
Medicare Surcharge 1%105$1,203$126,309
Gross Tax 77%6,225$20,383$126,886,591
Net Tax 69%5,580$23,071$128,733,527
Average Tax 100%8,135 $15,825$128,733,527
Gross Tax Rate 77%6,225 32%$126,886,591
Net Tax Rate 69%5,580 36%$128,733,527
Average Tax Rate 100%8,135 25%$128,733,527
%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 $63,926. It is estimated that the average taxable income for people who paid a net amount of tax was $87237.

The average net tax paid was $23,071. This equates to an average tax of 36 cents in the dollar on taxable income.

The Medicare levy was paid by 5,290 people for an average of $1,327. 105 people paid $1,203 on average more for the Medicare surcharge.

5,645 people earned a salary or wage and took home an average of $55,353 each.

Government allowance and payments were collected by 635 people for on average $6,048. 505 people received the pension or other allowance.

Charitable gifts and donations of an average of $999 were made by 3,070 people.

The costs of tax affairs for 3,510 people were claimed for $478 each.