TaxStats for postcode 7112 FY2013

Postcode 7112 includes Abels Bay, Charlotte Cove, Cygnet, Deep Bay, Eggs And Bacon Bay, Garden Island Creek, Gardners Bay, Nicholls Rivulet, Randalls Bay, Verona Sands in Tasmania, and is in the federal electorate of Franklin.

In FY 2013 the ATO recorded 1,410 individuals in postcode 7112. Of these people, 1,400 made a taxable income or loss. 1,005 of the population paid a gross amount of tax. After tax offsets, 870 people actually paid a net amount of tax. There were 530 non-taxable people who paid net tax of $0.

Compare TaxStats of 7112 with TAS

7112 TaxStats FY2013%Ppl#Ppl7112
Total Individuals100%1,410
Salary or Wage 73%1,025$39,263$40,244,452
Gross Interest54%755$1,835$1,385,409
Unfranked Dividends7%95$762$72,413
Franked Dividends21%300$2,832$849,704
Dividend Franking Credit21%300$1,213$363,883
Capital Gains4%50$10,798$539,919
Termination Payouts1%20$6,473$129,454
Tips/Directors Fees etc15%210$2,711$569,370
Business Income14%195$11,655$2,272,801
Foreign Income4%55$2,998$164,900
Government payments13%185$5,895$1,090,581
Government pensions9%130$8,974$1,166,617
Total Income or Loss100%1,405$38,925$54,690,193
Charitable Gifts27%385$540$207,911
Cost of Tax Affairs47%660$251$165,521
Work Car expenses19%265$1,769$468,812
Work Travel expenses5%75$1,504$112,806
Self Education expenses3%45$1,368$61,577
Total Deductions75%1,060$1,993$2,112,128
Taxable Income99%1,400$37,512$52,516,635
Medicare Levy 58%815$800$652,329
Medicare Surcharge 1%10$1,001$10,013
Gross Tax 71%1,005$8,322$8,363,423
Net Tax 62%870$9,512$8,275,437
Average Tax 100%1,410 $5,869$8,275,437
Gross Tax Rate 71%1,005 22%$8,363,423
Net Tax Rate 62%870 25%$8,275,437
Average Tax Rate 100%1,410 16%$8,275,437
%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 $37,512. It is estimated that the average taxable income for people who paid a net amount of tax was $53054.

The average net tax paid was $9,512. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 815 people for an average of $800. 10 people paid $1,001 on average more for the Medicare surcharge.

1,025 people earned a salary or wage and took home an average of $39,263 each.

Government allowance and payments were collected by 185 people for on average $5,895. 130 people received the pension or other allowance.

Charitable gifts and donations of an average of $540 were made by 385 people.

The costs of tax affairs for 660 people were claimed for $251 each.