TaxStats for postcode 7054 FY2013

Postcode 7054 includes Barretta, Coningham, Electrona, Fern Tree, Howden, Leslie Vale, Lower Snug, Margate, Neika, Nierinna, Piersons Point, Ridgeway, Snug, Tinderbox, Wellington Park in Tasmania, and is in the federal electorate of Franklin.

In FY 2013 the ATO recorded 4,815 individuals in postcode 7054. Of these people, 4,790 made a taxable income or loss. 3,935 of the population paid a gross amount of tax. After tax offsets, 3,640 people actually paid a net amount of tax. There were 1,150 non-taxable people who paid net tax of $0.

Compare TaxStats of 7054 with TAS

7054 TaxStats FY2013%Ppl#Ppl7054
Total Individuals100%4,815
Salary or Wage 79%3,810$50,111$190,921,978
Gross Interest55%2,625$1,746$4,583,604
Unfranked Dividends7%345$419$144,512
Franked Dividends28%1,325$3,567$4,726,056
Dividend Franking Credit27%1,315$1,539$2,024,321
Capital Gains3%160$8,835$1,413,643
Termination Payouts1%55$13,219$727,070
Tips/Directors Fees etc17%810$3,674$2,975,947
Business Income12%555$17,912$9,941,227
Foreign Income5%220$1,173$258,015
Government payments6%295$5,076$1,497,473
Government pensions5%225$8,558$1,925,488
Total Income or Loss100%4,800$50,442$242,120,953
Charitable Gifts39%1,860$396$736,667
Cost of Tax Affairs50%2,420$217$525,857
Work Car expenses25%1,210$1,691$2,046,075
Work Travel expenses7%360$1,392$501,198
Self Education expenses4%185$1,218$225,398
Total Deductions84%4,055$2,130$8,636,002
Taxable Income99%4,790$48,646$233,012,768
Medicare Levy 73%3,520$899$3,162,745
Medicare Surcharge 1%45$1,158$52,119
Gross Tax 82%3,935$10,961$43,132,381
Net Tax 76%3,640$12,012$43,723,941
Average Tax 100%4,815 $9,081$43,723,941
Gross Tax Rate 82%3,935 23%$43,132,381
Net Tax Rate 76%3,640 25%$43,723,941
Average Tax Rate 100%4,815 19%$43,723,941
%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 $48,646. It is estimated that the average taxable income for people who paid a net amount of tax was $60223.

The average net tax paid was $12,012. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 3,520 people for an average of $899. 45 people paid $1,158 on average more for the Medicare surcharge.

3,810 people earned a salary or wage and took home an average of $50,111 each.

Government allowance and payments were collected by 295 people for on average $5,076. 225 people received the pension or other allowance.

Charitable gifts and donations of an average of $396 were made by 1,860 people.

The costs of tax affairs for 2,420 people were claimed for $217 each.