TaxStats for postcode 7304 FY2013

Postcode 7304 includes Brandum, Brandum, Breona, Breona, Caveside, Caveside, Central Plateau, Central Plateau, Chudleigh, Chudleigh, Dairy Plains, Dairy Plains, Deloraine, Deloraine, Doctors Point, Doctors Point, Dunorlan, Dunorlan, Elizabeth Town, Elizabeth Town, Golden Valley, Golden Valley, Jackeys Marsh, Jackeys Marsh, Kimberley, Kimberley, Liena, Mayberry, Mayberry, Meander, Meander, Mersey Forest, Mersey Forest, Mole Creek, Mole Creek, Moltema, Moltema, Montana, Montana, Needles, Needles, Parkham, Parkham, Quamby Brook, Quamby Brook, Red Hills, Red Hills, Reedy Marsh, Reedy Marsh, Reynolds Neck, Reynolds Neck, Weegena, Weegena, Weetah, Weetah, Western Creek, Western Creek in Tasmania, and is in the federal electorate of Lyons.

In FY 2013 the ATO recorded 2,995 individuals in postcode 7304. Of these people, 2,950 made a taxable income or loss. 2,120 of the population paid a gross amount of tax. After tax offsets, 1,825 people actually paid a net amount of tax. There were 1,125 non-taxable people who paid net tax of $0.

Compare TaxStats of 7304 with TAS

7304 TaxStats FY2013%Ppl#Ppl7304
Total Individuals100%2,995
Salary or Wage 69%2,060$41,240$84,954,690
Gross Interest52%1,550$2,263$3,506,968
Unfranked Dividends11%315$456$143,653
Franked Dividends19%580$4,924$2,855,787
Dividend Franking Credit19%580$2,110$1,223,777
Capital Gains3%90$9,296$836,676
Termination Payouts1%20$9,211$184,221
Tips/Directors Fees etc15%435$2,492$1,084,184
Business Income11%340$7,271$2,472,094
Foreign Income4%120$1,771$212,486
Government payments11%330$6,596$2,176,519
Government pensions8%250$9,754$2,438,548
Total Income or Loss99%2,975$38,956$115,894,234
Charitable Gifts25%735$579$425,385
Cost of Tax Affairs44%1,325$255$338,042
Work Car expenses22%645$1,934$1,247,299
Work Travel expenses4%115$2,041$234,763
Self Education expenses2%65$1,997$129,805
Total Deductions74%2,215$2,289$5,069,311
Taxable Income98%2,950$37,384$110,283,658
Medicare Levy 57%1,720$806$1,387,088
Medicare Surcharge 1%25$1,509$37,716
Gross Tax 71%2,120$8,582$18,193,855
Net Tax 61%1,825$9,962$18,180,220
Average Tax 100%2,995 $6,070$18,180,220
Gross Tax Rate 71%2,120 23%$18,193,855
Net Tax Rate 61%1,825 27%$18,180,220
Average Tax Rate 100%2,995 16%$18,180,220
%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 $37,384. It is estimated that the average taxable income for people who paid a net amount of tax was $53032.

The average net tax paid was $9,962. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 1,720 people for an average of $806. 25 people paid $1,509 on average more for the Medicare surcharge.

2,060 people earned a salary or wage and took home an average of $41,240 each.

Government allowance and payments were collected by 330 people for on average $6,596. 250 people received the pension or other allowance.

Charitable gifts and donations of an average of $579 were made by 735 people.

The costs of tax affairs for 1,325 people were claimed for $255 each.