TaxStats for postcode 7023 FY2013

Postcode 7023 includes Opossum Bay in Tasmania, and is in the federal electorate of Franklin.

In FY 2013 the ATO recorded 180 individuals in postcode 7023. Of these people, 180 made a taxable income or loss. 140 of the population paid a gross amount of tax. After tax offsets, 125 people actually paid a net amount of tax. There were 55 non-taxable people who paid net tax of $0.

Compare TaxStats of 7023 with TAS

7023 TaxStats FY2013%Ppl#Ppl7023
Total Individuals100%180
Salary or Wage 69%125$49,511$6,188,928
Gross Interest56%100$1,479$147,909
Unfranked Dividends11%20$819$16,372
Franked Dividends39%70$2,499$174,911
Dividend Franking Credit39%70$1,071$74,970
Capital Gains3%5$4,149$20,744
Termination Payouts3%5$4,563$22,816
Tips/Directors Fees etc11%20$4,119$82,371
Business Income11%20$17,705$354,092
Foreign Income6%10$8,034$80,343
Government payments14%25$5,535$138,375
Government pensions8%15$10,989$164,828
Total Income or Loss100%180$47,718$8,589,190
Charitable Gifts36%65$298$19,369
Cost of Tax Affairs47%85$265$22,528
Work Car expenses19%35$3,242$113,483
Work Travel expenses6%10$472$4,723
Self Education expenses3%5$500$2,502
Total Deductions78%140$2,372$332,121
Taxable Income100%180$45,864$8,255,454
Medicare Levy 67%120$870$104,455
Medicare Surcharge 3%5$220$1,102
Gross Tax 78%140$10,795$1,511,304
Net Tax 69%125$11,381$1,422,636
Average Tax 100%180 $7,904$1,422,636
Gross Tax Rate 78%140 24%$1,511,304
Net Tax Rate 69%125 25%$1,422,636
Average Tax Rate 100%180 17%$1,422,636
%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 $45,864. It is estimated that the average taxable income for people who paid a net amount of tax was $60764.

The average net tax paid was $11,381. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 120 people for an average of $870. 5 people paid $220 on average more for the Medicare surcharge.

125 people earned a salary or wage and took home an average of $49,511 each.

Government allowance and payments were collected by 25 people for on average $5,535. 15 people received the pension or other allowance.

Charitable gifts and donations of an average of $298 were made by 65 people.

The costs of tax affairs for 85 people were claimed for $265 each.