TaxStats for postcode 7150 FY2013

Postcode 7150 includes Adventure Bay, Allens Rivulet, Alonnah, Apollo Bay, Barnes Bay, Dennes Point, Gordon, Great Bay, Kaoota, Killora, Longley, Lunawanna, North Bruny, Oyster Cove, Pelverata, Sandfly, Simpsons Bay, South Bruny, Upper Woodstock in Tasmania, and is in the federal electorate of Franklin.

In FY 2013 the ATO recorded 1,520 individuals in postcode 7150. Of these people, 1,505 made a taxable income or loss. 1,150 of the population paid a gross amount of tax. After tax offsets, 1,035 people actually paid a net amount of tax. There were 470 non-taxable people who paid net tax of $0.

Compare TaxStats of 7150 with TAS

7150 TaxStats FY2013%Ppl#Ppl7150
Total Individuals100%1,520
Salary or Wage 71%1,075$47,065$50,595,181
Gross Interest56%855$1,782$1,523,208
Unfranked Dividends8%120$633$75,932
Franked Dividends30%455$2,484$1,130,290
Dividend Franking Credit30%455$1,062$483,042
Capital Gains6%85$10,928$928,886
Termination Payouts1%15$14,272$214,083
Tips/Directors Fees etc15%230$2,801$644,282
Business Income16%250$15,283$3,820,773
Foreign Income6%85$4,362$370,763
Government payments7%100$6,975$697,522
Government pensions7%105$8,460$888,252
Total Income or Loss99%1,510$46,906$70,827,561
Charitable Gifts32%485$413$200,223
Cost of Tax Affairs47%720$270$194,204
Work Car expenses20%310$1,922$595,960
Work Travel expenses6%95$2,019$191,818
Self Education expenses4%65$1,895$123,184
Total Deductions79%1,200$2,153$2,583,868
Taxable Income99%1,505$45,134$67,925,986
Medicare Levy 65%990$904$894,858
Medicare Surcharge 1%10$1,564$15,644
Gross Tax 76%1,150$10,783$12,401,006
Net Tax 68%1,035$11,967$12,386,170
Average Tax 100%1,520 $8,149$12,386,170
Gross Tax Rate 76%1,150 24%$12,401,006
Net Tax Rate 68%1,035 27%$12,386,170
Average Tax Rate 100%1,520 18%$12,386,170
%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 $45,134. It is estimated that the average taxable income for people who paid a net amount of tax was $60180.

The average net tax paid was $11,967. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 990 people for an average of $904. 10 people paid $1,564 on average more for the Medicare surcharge.

1,075 people earned a salary or wage and took home an average of $47,065 each.

Government allowance and payments were collected by 100 people for on average $6,975. 105 people received the pension or other allowance.

Charitable gifts and donations of an average of $413 were made by 485 people.

The costs of tax affairs for 720 people were claimed for $270 each.