TaxStats for postcode 7055 FY2013
Postcode 7055 includes Huntingfield in Tasmania, and is in the federal electorate of Franklin.
In FY 2013 the ATO recorded 220 individuals in postcode 7055. Of these people, 215 made a taxable income or loss. 190 of the population paid a gross amount of tax. After tax offsets, 175 people actually paid a net amount of tax. There were 40 non-taxable people who paid net tax of $0.
Compare TaxStats of 7055 with TAS
| 7055 TaxStats FY2013 | %Ppl | #Ppl | 7055 Avg | 7055 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 220 | ||
| Income | ||||
| Salary or Wage | 86% | 190 | $46,462 | $8,827,773 |
| Gross Interest | 50% | 110 | $1,067 | $117,354 |
| Unfranked Dividends | 5% | 10 | $277 | $2,772 |
| Franked Dividends | 18% | 40 | $2,065 | $82,611 |
| Dividend Franking Credit | 18% | 40 | $884 | $35,380 |
| Capital Gains | 2% | 5 | $2,377 | $11,884 |
| Termination Payouts | 2% | 5 | $3,878 | $19,390 |
| Tips/Directors Fees etc | 18% | 40 | $1,649 | $65,949 |
| Business Income | 7% | 15 | $24,896 | $373,443 |
| Foreign Income | 2% | 5 | $153 | $763 |
| Government payments | 11% | 25 | $4,327 | $108,165 |
| Government pensions | 7% | 15 | $8,451 | $126,765 |
| Total Income or Loss | 98% | 215 | $46,835 | $10,069,588 |
| Deducations | ||||
| Charitable Gifts | 48% | 105 | $245 | $25,769 |
| Cost of Tax Affairs | 55% | 120 | $138 | $16,525 |
| Work Car expenses | 27% | 60 | $1,794 | $107,666 |
| Work Travel expenses | 7% | 15 | $488 | $7,327 |
| Self Education expenses | 5% | 10 | $1,577 | $15,773 |
| Total Deductions | 86% | 190 | $1,947 | $370,008 |
| Taxation | ||||
| Taxable Income | 98% | 215 | $45,114 | $9,699,580 |
| Medicare Levy | 75% | 165 | $788 | $129,948 |
| Medicare Surcharge | 2% | 5 | $194 | $970 |
| Gross Tax | 86% | 190 | $8,269 | $1,571,123 |
| Net Tax | 80% | 175 | $9,134 | $1,598,520 |
| Average Tax | 100% | 220 | $7,266 | $1,598,520 |
| Gross Tax Rate | 86% | 190 | 18% | $1,571,123 |
| Net Tax Rate | 80% | 175 | 20% | $1,598,520 |
| Average Tax Rate | 100% | 220 | 16% | $1,598,520 |
| %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 $45,114. It is estimated that the average taxable income for people who paid a net amount of tax was $52683.
The average net tax paid was $9,134. This equates to an average tax of 20 cents in the dollar on taxable income.
The Medicare levy was paid by 165 people for an average of $788. 5 people paid $194 on average more for the Medicare surcharge.
190 people earned a salary or wage and took home an average of $46,462 each.
Government allowance and payments were collected by 25 people for on average $4,327. 15 people received the pension or other allowance.
Charitable gifts and donations of an average of $245 were made by 105 people.
The costs of tax affairs for 120 people were claimed for $138 each.