TaxStats for postcode 7008 FY2013

Postcode 7008 includes Cornelian Bay, Lenah Valley, New Town in Tasmania, and is in the federal electorate of Denison.

In FY 2013 the ATO recorded 6,910 individuals in postcode 7008. Of these people, 6,885 made a taxable income or loss. 5,700 of the population paid a gross amount of tax. After tax offsets, 5,265 people actually paid a net amount of tax. There were 1,620 non-taxable people who paid net tax of $0.

Compare TaxStats of 7008 with TAS

7008 TaxStats FY2013%Ppl#Ppl7008
Total Individuals100%6,910
Salary or Wage 81%5,605$52,310$293,195,547
Gross Interest59%4,060$1,785$7,246,168
Unfranked Dividends9%640$578$370,188
Franked Dividends31%2,115$3,579$7,570,255
Dividend Franking Credit31%2,110$1,536$3,240,148
Capital Gains4%255$6,619$1,687,906
Termination Payouts1%65$10,553$685,948
Tips/Directors Fees etc13%910$3,494$3,179,995
Business Income9%645$23,061$14,874,133
Foreign Income6%405$997$403,977
Government payments8%570$5,348$3,048,275
Government pensions6%420$8,238$3,459,856
Total Income or Loss100%6,890$53,715$370,095,861
Charitable Gifts44%3,030$397$1,201,708
Cost of Tax Affairs45%3,140$220$691,070
Work Car expenses21%1,430$1,656$2,368,599
Work Travel expenses8%555$1,079$598,653
Self Education expenses4%285$1,690$481,690
Total Deductions83%5,740$2,196$12,607,592
Taxable Income100%6,885$51,890$357,259,332
Medicare Levy 74%5,085$959$4,878,191
Medicare Surcharge 1%65$966$62,793
Gross Tax 82%5,700$12,225$69,680,579
Net Tax 76%5,265$13,519$71,179,125
Average Tax 100%6,910 $10,301$71,179,125
Gross Tax Rate 82%5,700 24%$69,680,579
Net Tax Rate 76%5,265 26%$71,179,125
Average Tax Rate 100%6,910 20%$71,179,125
%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 $51,890. It is estimated that the average taxable income for people who paid a net amount of tax was $64163.

The average net tax paid was $13,519. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 5,085 people for an average of $959. 65 people paid $966 on average more for the Medicare surcharge.

5,605 people earned a salary or wage and took home an average of $52,310 each.

Government allowance and payments were collected by 570 people for on average $5,348. 420 people received the pension or other allowance.

Charitable gifts and donations of an average of $397 were made by 3,030 people.

The costs of tax affairs for 3,140 people were claimed for $220 each.