TaxStats for postcode 7113 FY2013

Postcode 7113 includes Franklin in Tasmania, and is in the federal electorate of Franklin.

In FY 2013 the ATO recorded 540 individuals in postcode 7113. Of these people, 535 made a taxable income or loss. 400 of the population paid a gross amount of tax. After tax offsets, 360 people actually paid a net amount of tax. There were 175 non-taxable people who paid net tax of $0.

Compare TaxStats of 7113 with TAS

7113 TaxStats FY2013%Ppl#Ppl7113
Total Individuals100%540
Salary or Wage 74%400$41,989$16,795,582
Gross Interest41%220$1,892$416,263
Unfranked Dividends6%35$924$32,334
Franked Dividends21%115$4,990$573,883
Dividend Franking Credit21%115$2,138$245,814
Capital Gains3%15$36,379$545,688
Termination Payouts2%10$10,064$100,640
Tips/Directors Fees etc19%100$1,831$183,098
Business Income16%85$12,390$1,053,142
Foreign Income5%25$1,215$30,377
Government payments11%60$5,995$359,705
Government pensions6%30$9,392$281,757
Total Income or Loss99%535$42,733$22,862,177
Charitable Gifts24%130$417$54,214
Cost of Tax Affairs55%295$278$82,032
Work Car expenses21%115$1,770$203,577
Work Travel expenses6%30$1,175$35,237
Self Education expenses3%15$2,068$31,022
Total Deductions81%440$1,964$864,379
Taxable Income99%535$41,069$21,971,686
Medicare Levy 62%335$825$276,306
Medicare Surcharge 1%5$2,249$11,246
Gross Tax 74%400$9,260$3,703,944
Net Tax 67%360$10,079$3,628,318
Average Tax 100%540 $6,719$3,628,318
Gross Tax Rate 74%400 23%$3,703,944
Net Tax Rate 67%360 25%$3,628,318
Average Tax Rate 100%540 16%$3,628,318
%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 $41,069. It is estimated that the average taxable income for people who paid a net amount of tax was $55199.

The average net tax paid was $10,079. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 335 people for an average of $825. 5 people paid $2,249 on average more for the Medicare surcharge.

400 people earned a salary or wage and took home an average of $41,989 each.

Government allowance and payments were collected by 60 people for on average $5,995. 30 people received the pension or other allowance.

Charitable gifts and donations of an average of $417 were made by 130 people.

The costs of tax affairs for 295 people were claimed for $278 each.