TaxStats for postcode 7116 FY2013

Postcode 7116 includes Brooks Bay, Cairns Bay, Castle Forbes Bay, Geeveston, Police Point, Port Huon, Surges Bay, Surveyors Bay in Tasmania, and is in the federal electorate of Franklin.

In FY 2013 the ATO recorded 1,040 individuals in postcode 7116. Of these people, 1,030 made a taxable income or loss. 735 of the population paid a gross amount of tax. After tax offsets, 650 people actually paid a net amount of tax. There were 380 non-taxable people who paid net tax of $0.

Compare TaxStats of 7116 with TAS

7116 TaxStats FY2013%Ppl#Ppl7116
Total Individuals100%1,040
Salary or Wage 75%775$39,711$30,776,144
Gross Interest45%470$1,695$796,437
Unfranked Dividends6%65$162$10,504
Franked Dividends22%230$3,617$831,933
Dividend Franking Credit22%230$1,532$352,365
Capital Gains3%30$14,911$447,328
Termination Payouts2%20$9,715$194,292
Tips/Directors Fees etc17%180$1,818$327,275
Business Income11%115$10,452$1,201,991
Foreign Income4%40$2,599$103,948
Government payments11%115$6,330$727,941
Government pensions8%80$10,322$825,796
Total Income or Loss100%1,035$39,128$40,497,043
Charitable Gifts24%250$235$58,653
Cost of Tax Affairs51%530$263$139,463
Work Car expenses24%245$2,003$490,817
Work Travel expenses5%50$1,358$67,893
Self Education expenses2%25$1,837$45,927
Total Deductions77%805$1,929$1,552,773
Taxable Income99%1,030$37,648$38,777,604
Medicare Levy 60%620$777$481,945
Medicare Surcharge 0%5$1,939$9,693
Gross Tax 71%735$8,338$6,128,660
Net Tax 62%650$9,455$6,145,807
Average Tax 100%1,040 $5,909$6,145,807
Gross Tax Rate 71%735 22%$6,128,660
Net Tax Rate 62%650 25%$6,145,807
Average Tax Rate 100%1,040 16%$6,145,807
%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 $37,648. It is estimated that the average taxable income for people who paid a net amount of tax was $52642.

The average net tax paid was $9,455. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 620 people for an average of $777. 5 people paid $1,939 on average more for the Medicare surcharge.

775 people earned a salary or wage and took home an average of $39,711 each.

Government allowance and payments were collected by 115 people for on average $6,330. 80 people received the pension or other allowance.

Charitable gifts and donations of an average of $235 were made by 250 people.

The costs of tax affairs for 530 people were claimed for $263 each.