TaxStats for postcode 7022 FY2013

Postcode 7022 includes South Arm in Tasmania, and is in the federal electorate of Franklin.

In FY 2013 the ATO recorded 480 individuals in postcode 7022. Of these people, 475 made a taxable income or loss. 385 of the population paid a gross amount of tax. After tax offsets, 345 people actually paid a net amount of tax. There were 130 non-taxable people who paid net tax of $0.

Compare TaxStats of 7022 with TAS

7022 TaxStats FY2013%Ppl#Ppl7022
Total Individuals100%480
Salary or Wage 77%370$47,163$17,450,410
Gross Interest49%235$1,716$403,160
Unfranked Dividends7%35$684$23,935
Franked Dividends29%140$2,510$351,394
Dividend Franking Credit29%140$1,074$150,401
Capital Gains4%20$12,097$241,945
Termination Payouts1%5$9,667$48,334
Tips/Directors Fees etc11%55$1,630$89,655
Business Income11%55$11,891$654,029
Foreign Income4%20$755$15,094
Government payments10%50$5,400$270,014
Government pensions6%30$9,460$283,808
Total Income or Loss100%480$45,765$21,967,206
Charitable Gifts41%195$308$60,006
Cost of Tax Affairs53%255$263$67,136
Work Car expenses24%115$2,216$254,799
Work Travel expenses6%30$1,456$43,685
Self Education expenses4%20$1,885$37,693
Total Deductions81%390$2,256$879,983
Taxable Income99%475$44,225$21,007,097
Medicare Levy 70%335$815$272,873
Medicare Surcharge 1%5$821$4,103
Gross Tax 80%385$9,392$3,616,000
Net Tax 72%345$10,370$3,577,568
Average Tax 100%480 $7,453$3,577,568
Gross Tax Rate 80%385 21%$3,616,000
Net Tax Rate 72%345 23%$3,577,568
Average Tax Rate 100%480 17%$3,577,568
%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 $44,225. It is estimated that the average taxable income for people who paid a net amount of tax was $56368.

The average net tax paid was $10,370. This equates to an average tax of 23 cents in the dollar on taxable income.

The Medicare levy was paid by 335 people for an average of $815. 5 people paid $821 on average more for the Medicare surcharge.

370 people earned a salary or wage and took home an average of $47,163 each.

Government allowance and payments were collected by 50 people for on average $5,400. 30 people received the pension or other allowance.

Charitable gifts and donations of an average of $308 were made by 195 people.

The costs of tax affairs for 255 people were claimed for $263 each.