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#Ppl7055
Total Individuals100%220
Salary or Wage 86%190$46,462$8,827,773
Gross Interest50%110$1,067$117,354
Unfranked Dividends5%10$277$2,772
Franked Dividends18%40$2,065$82,611
Dividend Franking Credit18%40$884$35,380
Capital Gains2%5$2,377$11,884
Termination Payouts2%5$3,878$19,390
Tips/Directors Fees etc18%40$1,649$65,949
Business Income7%15$24,896$373,443
Foreign Income2%5$153$763
Government payments11%25$4,327$108,165
Government pensions7%15$8,451$126,765
Total Income or Loss98%215$46,835$10,069,588
Charitable Gifts48%105$245$25,769
Cost of Tax Affairs55%120$138$16,525
Work Car expenses27%60$1,794$107,666
Work Travel expenses7%15$488$7,327
Self Education expenses5%10$1,577$15,773
Total Deductions86%190$1,947$370,008
Taxable Income98%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.