TaxStats for postcode 7007 FY2013

Postcode 7007 includes Mount Nelson, Tolmans Hill in Tasmania, and is in the federal electorate of Denison.

In FY 2013 the ATO recorded 1,825 individuals in postcode 7007. Of these people, 1,820 made a taxable income or loss. 1,500 of the population paid a gross amount of tax. After tax offsets, 1,370 people actually paid a net amount of tax. There were 450 non-taxable people who paid net tax of $0.

Compare TaxStats of 7007 with TAS

7007 TaxStats FY2013%Ppl#Ppl7007
Total Individuals100%1,825
Salary or Wage 79%1,440$58,349$84,022,111
Gross Interest63%1,145$2,247$2,572,321
Unfranked Dividends11%205$357$73,190
Franked Dividends34%615$4,673$2,873,998
Dividend Franking Credit33%610$2,018$1,230,803
Capital Gains5%85$5,373$456,705
Termination Payouts2%30$15,945$478,347
Tips/Directors Fees etc13%240$7,279$1,747,033
Business Income10%180$27,326$4,918,590
Foreign Income7%135$2,453$331,135
Government payments7%130$6,002$780,288
Government pensions7%125$7,657$957,094
Total Income or Loss100%1,825$62,113$113,356,015
Charitable Gifts44%800$511$408,911
Cost of Tax Affairs45%815$907$739,559
Work Car expenses21%390$1,999$779,599
Work Travel expenses8%150$1,318$197,637
Self Education expenses4%80$1,870$149,573
Total Deductions82%1,495$3,194$4,774,912
Taxable Income100%1,820$59,573$108,423,534
Medicare Levy 73%1,325$1,124$1,488,694
Medicare Surcharge 1%25$1,274$31,844
Gross Tax 82%1,500$15,777$23,665,390
Net Tax 75%1,370$17,456$23,914,617
Average Tax 100%1,825 $13,104$23,914,617
Gross Tax Rate 82%1,500 26%$23,665,390
Net Tax Rate 75%1,370 29%$23,914,617
Average Tax Rate 100%1,825 22%$23,914,617
%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 $59,573. It is estimated that the average taxable income for people who paid a net amount of tax was $75200.

The average net tax paid was $17,456. This equates to an average tax of 29 cents in the dollar on taxable income.

The Medicare levy was paid by 1,325 people for an average of $1,124. 25 people paid $1,274 on average more for the Medicare surcharge.

1,440 people earned a salary or wage and took home an average of $58,349 each.

Government allowance and payments were collected by 130 people for on average $6,002. 125 people received the pension or other allowance.

Charitable gifts and donations of an average of $511 were made by 800 people.

The costs of tax affairs for 815 people were claimed for $907 each.