TaxStats for postcode 7162 FY2013

Postcode 7162 includes Birchs Bay, Woodbridge in Tasmania, and is in the federal electorate of Franklin.

In FY 2013 the ATO recorded 370 individuals in postcode 7162. Of these people, 365 made a taxable income or loss. 255 of the population paid a gross amount of tax. After tax offsets, 225 people actually paid a net amount of tax. There were 140 non-taxable people who paid net tax of $0.

Compare TaxStats of 7162 with TAS

7162 TaxStats FY2013%Ppl#Ppl7162
Total Individuals100%370
Salary or Wage 65%240$41,557$9,973,618
Gross Interest59%220$2,230$490,497
Unfranked Dividends11%40$253$10,127
Franked Dividends35%130$13,500$1,754,958
Dividend Franking Credit35%130$5,784$751,958
Capital Gains4%15$9,350$140,251
Termination Payouts1%5$6,524$32,618
Tips/Directors Fees etc12%45$3,209$144,384
Business Income14%50$7,695$384,731
Foreign Income7%25$2,993$74,833
Government payments7%25$4,859$121,487
Government pensions8%30$8,364$250,930
Total Income or Loss100%370$48,108$17,800,056
Charitable Gifts32%120$9,887$1,186,407
Cost of Tax Affairs47%175$246$42,990
Work Car expenses15%55$2,235$122,928
Work Travel expenses5%20$1,262$25,234
Self Education expenses3%10$932$9,320
Total Deductions72%265$6,482$1,717,735
Taxable Income99%365$43,717$15,956,531
Medicare Levy 59%220$966$212,526
Medicare Surcharge 3%10$852$8,525
Gross Tax 69%255$12,861$3,279,551
Net Tax 61%225$14,417$3,243,894
Average Tax 100%370 $8,767$3,243,894
Gross Tax Rate 69%255 29%$3,279,551
Net Tax Rate 61%225 33%$3,243,894
Average Tax Rate 100%370 20%$3,243,894
%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 $43,717. It is estimated that the average taxable income for people who paid a net amount of tax was $63451.

The average net tax paid was $14,417. This equates to an average tax of 33 cents in the dollar on taxable income.

The Medicare levy was paid by 220 people for an average of $966. 10 people paid $852 on average more for the Medicare surcharge.

240 people earned a salary or wage and took home an average of $41,557 each.

Government allowance and payments were collected by 25 people for on average $4,859. 30 people received the pension or other allowance.

Charitable gifts and donations of an average of $9,887 were made by 120 people.

The costs of tax affairs for 175 people were claimed for $246 each.