TaxStats for postcode 7025 FY2013

Postcode 7025 includes Dulcot, Richmond in Tasmania, and is in the federal electorate of Franklin.

In FY 2013 the ATO recorded 1,115 individuals in postcode 7025. Of these people, 1,105 made a taxable income or loss. 880 of the population paid a gross amount of tax. After tax offsets, 795 people actually paid a net amount of tax. There were 310 non-taxable people who paid net tax of $0.

Compare TaxStats of 7025 with TAS

7025 TaxStats FY2013%Ppl#Ppl7025
Total Individuals100%1,115
Salary or Wage 73%815$49,005$39,938,981
Gross Interest58%650$2,034$1,322,018
Unfranked Dividends9%100$616$61,583
Franked Dividends36%400$4,118$1,647,384
Dividend Franking Credit35%395$1,785$705,159
Capital Gains6%70$13,106$917,437
Termination Payouts1%10$34,002$340,021
Tips/Directors Fees etc15%170$3,886$660,593
Business Income13%140$12,833$1,796,644
Foreign Income4%45$3,731$167,896
Government payments5%60$4,535$272,096
Government pensions7%80$7,784$622,725
Total Income or Loss100%1,110$50,151$55,667,093
Charitable Gifts39%435$286$124,244
Cost of Tax Affairs48%540$271$146,537
Work Car expenses21%230$2,110$485,290
Work Travel expenses8%85$2,321$197,321
Self Education expenses3%35$1,220$42,691
Total Deductions80%895$2,387$2,136,771
Taxable Income99%1,105$48,187$53,246,366
Medicare Levy 68%760$953$723,965
Medicare Surcharge 1%15$1,349$20,242
Gross Tax 79%880$11,781$10,367,241
Net Tax 71%795$12,808$10,182,072
Average Tax 100%1,115 $9,132$10,182,072
Gross Tax Rate 79%880 24%$10,367,241
Net Tax Rate 71%795 27%$10,182,072
Average Tax Rate 100%1,115 19%$10,182,072
%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 $48,187. It is estimated that the average taxable income for people who paid a net amount of tax was $62297.

The average net tax paid was $12,808. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 760 people for an average of $953. 15 people paid $1,349 on average more for the Medicare surcharge.

815 people earned a salary or wage and took home an average of $49,005 each.

Government allowance and payments were collected by 60 people for on average $4,535. 80 people received the pension or other allowance.

Charitable gifts and donations of an average of $286 were made by 435 people.

The costs of tax affairs for 540 people were claimed for $271 each.