TaxStats for postcode 7024 FY2013

Postcode 7024 includes Cremorne in Tasmania, and is in the federal electorate of Franklin.

In FY 2013 the ATO recorded 320 individuals in postcode 7024. Of these people, 315 made a taxable income or loss. 265 of the population paid a gross amount of tax. After tax offsets, 250 people actually paid a net amount of tax. There were 65 non-taxable people who paid net tax of $0.

Compare TaxStats of 7024 with TAS

7024 TaxStats FY2013%Ppl#Ppl7024
Total Individuals100%320
Salary or Wage 80%255$48,143$12,276,513
Gross Interest48%155$1,358$210,527
Unfranked Dividends9%30$82$2,474
Franked Dividends28%90$1,394$125,475
Dividend Franking Credit28%90$598$53,788
Capital Gains5%15$8,827$132,412
Termination Payouts2%5$7,807$39,035
Tips/Directors Fees etc14%45$2,615$117,693
Business Income12%40$36,404$1,456,156
Foreign Income6%20$2,750$54,996
Government payments5%15$6,324$94,855
Government pensions3%10$7,050$70,500
Total Income or Loss98%315$51,827$16,325,423
Charitable Gifts42%135$261$35,300
Cost of Tax Affairs53%170$275$46,672
Work Car expenses25%80$1,611$128,895
Work Travel expenses6%20$1,727$34,547
Self Education expenses3%10$964$9,635
Total Deductions84%270$2,051$553,718
Taxable Income98%315$49,772$15,678,183
Medicare Levy 75%240$897$215,299
Medicare Surcharge 2%5$425$2,123
Gross Tax 83%265$10,979$2,909,489
Net Tax 78%250$11,736$2,934,082
Average Tax 100%320 $9,169$2,934,082
Gross Tax Rate 83%265 22%$2,909,489
Net Tax Rate 78%250 24%$2,934,082
Average Tax Rate 100%320 18%$2,934,082
%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 $49,772. It is estimated that the average taxable income for people who paid a net amount of tax was $59593.

The average net tax paid was $11,736. This equates to an average tax of 24 cents in the dollar on taxable income.

The Medicare levy was paid by 240 people for an average of $897. 5 people paid $425 on average more for the Medicare surcharge.

255 people earned a salary or wage and took home an average of $48,143 each.

Government allowance and payments were collected by 15 people for on average $6,324. 10 people received the pension or other allowance.

Charitable gifts and donations of an average of $261 were made by 135 people.

The costs of tax affairs for 170 people were claimed for $275 each.