TaxStats for postcode 7020 FY2013

Postcode 7020 includes Clifton Beach, Sandford in Tasmania, and is in the federal electorate of Franklin.

In FY 2013 the ATO recorded 1,540 individuals in postcode 7020. Of these people, 1,535 made a taxable income or loss. 1,255 of the population paid a gross amount of tax. After tax offsets, 1,180 people actually paid a net amount of tax. There were 355 non-taxable people who paid net tax of $0.

Compare TaxStats of 7020 with TAS

7020 TaxStats FY2013%Ppl#Ppl7020
Total Individuals100%1,540
Salary or Wage 80%1,230$52,437$64,497,238
Gross Interest53%820$1,746$1,431,623
Unfranked Dividends9%135$353$47,681
Franked Dividends34%530$4,327$2,293,414
Dividend Franking Credit34%525$1,871$982,436
Capital Gains4%55$8,508$467,958
Termination Payouts1%15$14,010$210,150
Tips/Directors Fees etc16%245$2,419$592,693
Business Income12%190$29,260$5,559,420
Foreign Income6%90$1,296$116,622
Government payments5%80$5,906$472,511
Government pensions3%50$7,665$383,263
Total Income or Loss100%1,535$54,271$83,306,697
Charitable Gifts37%575$301$172,959
Cost of Tax Affairs48%740$314$232,524
Work Car expenses24%370$2,149$795,092
Work Travel expenses7%110$1,528$168,040
Self Education expenses4%65$848$55,119
Total Deductions83%1,285$2,516$3,233,510
Taxable Income100%1,535$52,147$80,046,349
Medicare Levy 74%1,140$965$1,100,042
Medicare Surcharge 1%10$1,432$14,316
Gross Tax 81%1,255$12,543$15,741,875
Net Tax 77%1,180$13,708$16,175,153
Average Tax 100%1,540 $10,503$16,175,153
Gross Tax Rate 81%1,255 24%$15,741,875
Net Tax Rate 77%1,180 26%$16,175,153
Average Tax Rate 100%1,540 20%$16,175,153
%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 $52,147. It is estimated that the average taxable income for people who paid a net amount of tax was $64226.

The average net tax paid was $13,708. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 1,140 people for an average of $965. 10 people paid $1,432 on average more for the Medicare surcharge.

1,230 people earned a salary or wage and took home an average of $52,437 each.

Government allowance and payments were collected by 80 people for on average $5,906. 50 people received the pension or other allowance.

Charitable gifts and donations of an average of $301 were made by 575 people.

The costs of tax affairs for 740 people were claimed for $314 each.