TaxStats for postcode 7255 FY2013

Postcode 7255 includes Blue Rocks, Emita, Killiecrankie, Lackrana, Lady Barron, Leeka, Loccota, Lughrata, Memana, Palana, Ranga, Strzelecki, Whitemark, Wingaroo in Tasmania, and is in the federal electorate of Bass.

In FY 2013 the ATO recorded 480 individuals in postcode 7255. Of these people, 475 made a taxable income or loss. 340 of the population paid a gross amount of tax. After tax offsets, 295 people actually paid a net amount of tax. There were 180 non-taxable people who paid net tax of $0.

Compare TaxStats of 7255 with TAS

7255 TaxStats FY2013%Ppl#Ppl7255
Avg
7255
Total
Total Individuals100%480
Income
Salary or Wage 64%305$41,195$12,564,357
Gross Interest61%295$3,385$998,609
Unfranked Dividends12%60$476$28,554
Franked Dividends26%125$4,089$511,107
Dividend Franking Credit26%125$1,752$219,007
Capital Gains5%25$14,268$356,695
Termination Payouts1%5$1,321$6,605
Tips/Directors Fees etc17%80$1,989$159,150
Business Income17%80$4,545$363,586
Foreign Income7%35$1,495$52,309
Government payments7%35$8,181$286,345
Government pensions6%30$8,675$260,251
Total Income or Loss100%480$41,580$19,958,594
Deducations
Charitable Gifts27%130$336$43,681
Cost of Tax Affairs50%240$339$81,452
Work Car expenses11%55$1,899$104,440
Work Travel expenses6%30$986$29,584
Self Education expenses1%5$584$2,919
Total Deductions74%355$2,277$808,400
Taxation
Taxable Income99%475$39,720$18,867,211
Medicare Levy 61%295$855$252,266
Medicare Surcharge 1%5$1,564$7,818
Gross Tax 71%340$10,525$3,578,556
Net Tax 61%295$11,183$3,298,901
Average Tax 100%480 $6,873$3,298,901
Gross Tax Rate 71%340 26%$3,578,556
Net Tax Rate 61%295 28%$3,298,901
Average Tax Rate 100%480 17%$3,298,901
%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 $39,720. It is estimated that the average taxable income for people who paid a net amount of tax was $56635.

The average net tax paid was $11,183. This equates to an average tax of 28 cents in the dollar on taxable income.

The Medicare levy was paid by 295 people for an average of $855. 5 people paid $1,564 on average more for the Medicare surcharge.

305 people earned a salary or wage and took home an average of $41,195 each.

Government allowance and payments were collected by 35 people for on average $8,181. 30 people received the pension or other allowance.

Charitable gifts and donations of an average of $336 were made by 130 people.

The costs of tax affairs for 240 people were claimed for $339 each.