TaxStats for postcode 7050 FY2013

Postcode 7050 includes Albion Heights, Kingston, Kingston Beach in Tasmania, and is in the federal electorate of Denison.

In FY 2013 the ATO recorded 6,545 individuals in postcode 7050. Of these people, 6,520 made a taxable income or loss. 5,300 of the population paid a gross amount of tax. After tax offsets, 4,830 people actually paid a net amount of tax. There were 1,690 non-taxable people who paid net tax of $0.

Compare TaxStats of 7050 with TAS

7050 TaxStats FY2013%Ppl#Ppl7050
Total Individuals100%6,545
Salary or Wage 79%5,160$48,819$251,908,169
Gross Interest57%3,725$1,758$6,547,744
Unfranked Dividends8%550$438$240,653
Franked Dividends28%1,840$3,998$7,355,812
Dividend Franking Credit28%1,835$1,717$3,150,335
Capital Gains3%210$6,148$1,291,063
Termination Payouts1%70$12,039$842,745
Tips/Directors Fees etc14%930$2,819$2,621,300
Business Income9%595$20,100$11,959,562
Foreign Income5%315$1,230$387,407
Government payments8%520$5,641$2,933,158
Government pensions7%465$8,550$3,975,644
Total Income or Loss100%6,520$49,477$322,589,673
Charitable Gifts43%2,835$365$1,033,833
Cost of Tax Affairs47%3,080$228$700,882
Work Car expenses24%1,570$1,824$2,864,426
Work Travel expenses7%455$1,430$650,624
Self Education expenses4%290$1,313$380,716
Total Deductions84%5,500$2,086$11,474,771
Taxable Income100%6,520$47,665$310,773,363
Medicare Levy 70%4,605$895$4,122,701
Medicare Surcharge 1%50$965$48,259
Gross Tax 81%5,300$10,781$57,140,511
Net Tax 74%4,830$11,953$57,732,464
Average Tax 100%6,545 $8,821$57,732,464
Gross Tax Rate 81%5,300 23%$57,140,511
Net Tax Rate 74%4,830 25%$57,732,464
Average Tax Rate 100%6,545 19%$57,732,464
%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 $47,665. It is estimated that the average taxable income for people who paid a net amount of tax was $60144.

The average net tax paid was $11,953. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 4,605 people for an average of $895. 50 people paid $965 on average more for the Medicare surcharge.

5,160 people earned a salary or wage and took home an average of $48,819 each.

Government allowance and payments were collected by 520 people for on average $5,641. 465 people received the pension or other allowance.

Charitable gifts and donations of an average of $365 were made by 2,835 people.

The costs of tax affairs for 3,080 people were claimed for $228 each.