TaxStats for postcode 7250 FY2013

Postcode 7250 includes Blackstone Heights, Blackstone Heights, East Launceston, East Launceston, Elphin, Elphin, Launceston, Launceston, Newstead, Newstead, Norwood, Norwood, Norwood Avenue Po, Prospect, Prospect, Prospect Vale, Ravenswood, Ravenswood, Riverside, Riverside, St Leonards, St Leonards, Summerhill, Summerhill, Travellers Rest, Travellers Rest, Trevallyn, Trevallyn, Waverley, Waverley, West Launceston, West Launceston in Tasmania, and is in the federal electorate of Bass.

In FY 2013 the ATO recorded 27,930 individuals in postcode 7250. Of these people, 27,790 made a taxable income or loss. 22,740 of the population paid a gross amount of tax. After tax offsets, 20,730 people actually paid a net amount of tax. There were 7,060 non-taxable people who paid net tax of $0.

Compare TaxStats of 7250 with TAS

7250 TaxStats FY2013%Ppl#Ppl7250
Total Individuals100%27,930
Salary or Wage 81%22,640$47,628$1,078,286,747
Gross Interest55%15,245$1,711$26,091,781
Unfranked Dividends8%2,150$559$1,202,012
Franked Dividends28%7,875$4,513$35,541,362
Dividend Franking Credit28%7,855$1,939$15,229,704
Capital Gains4%1,075$9,286$9,982,202
Termination Payouts1%345$13,043$4,499,967
Tips/Directors Fees etc16%4,380$3,803$16,655,326
Business Income8%2,280$19,881$45,329,281
Foreign Income5%1,350$1,832$2,473,873
Government payments10%2,840$5,540$15,733,481
Government pensions7%1,945$8,955$17,418,003
Total Income or Loss100%27,855$51,381$1,431,227,004
Charitable Gifts37%10,255$527$5,408,604
Cost of Tax Affairs49%13,620$270$3,671,099
Work Car expenses22%6,250$1,928$12,048,883
Work Travel expenses8%2,285$1,358$3,101,989
Self Education expenses4%985$1,644$1,619,251
Total Deductions84%23,550$2,371$55,848,490
Taxable Income99%27,790$49,413$1,373,186,463
Medicare Levy 71%19,900$926$18,432,748
Medicare Surcharge 1%260$1,233$320,493
Gross Tax 81%22,740$11,687$265,768,790
Net Tax 74%20,730$12,994$269,356,042
Average Tax 100%27,930 $9,644$269,356,042
Gross Tax Rate 81%22,740 24%$265,768,790
Net Tax Rate 74%20,730 26%$269,356,042
Average Tax Rate 100%27,930 20%$269,356,042
%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 $49,413. It is estimated that the average taxable income for people who paid a net amount of tax was $62155.

The average net tax paid was $12,994. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 19,900 people for an average of $926. 260 people paid $1,233 on average more for the Medicare surcharge.

22,640 people earned a salary or wage and took home an average of $47,628 each.

Government allowance and payments were collected by 2,840 people for on average $5,540. 1,945 people received the pension or other allowance.

Charitable gifts and donations of an average of $527 were made by 10,255 people.

The costs of tax affairs for 13,620 people were claimed for $270 each.