TaxStats for postcode 3002 FY2013
Postcode 3002 includes East Melbourne, East Melbourne in Victoria, and is in the federal electorate of Melbourne.
In FY 2013 the ATO recorded 3,575 individuals in postcode 3002. Of these people, 3,550 made a taxable income or loss. 3,090 of the population paid a gross amount of tax. After tax offsets, 2,955 people actually paid a net amount of tax. There were 595 non-taxable people who paid net tax of $0.
Compare TaxStats of 3002 with VIC
| 3002 TaxStats FY2013 | %Ppl | #Ppl | 3002 Avg | 3002 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 3,575 | ||
| Income | ||||
| Salary or Wage | 77% | 2,770 | $77,763 | $215,403,602 |
| Gross Interest | 71% | 2,530 | $4,773 | $12,076,001 |
| Unfranked Dividends | 13% | 470 | $3,340 | $1,569,793 |
| Franked Dividends | 31% | 1,125 | $23,069 | $25,952,420 |
| Dividend Franking Credit | 31% | 1,120 | $9,923 | $11,113,363 |
| Capital Gains | 8% | 280 | $56,090 | $15,705,086 |
| Termination Payouts | 1% | 50 | $17,200 | $859,990 |
| Tips/Directors Fees etc | 14% | 485 | $8,175 | $3,964,887 |
| Business Income | 13% | 455 | $65,349 | $29,733,917 |
| Foreign Income | 11% | 385 | $8,776 | $3,378,660 |
| Government payments | 4% | 140 | $5,111 | $715,513 |
| Government pensions | 2% | 70 | $9,958 | $697,073 |
| Total Income or Loss | 100% | 3,560 | $108,987 | $387,995,346 |
| Deducations | ||||
| Charitable Gifts | 40% | 1,415 | $2,650 | $3,749,645 |
| Cost of Tax Affairs | 46% | 1,635 | $1,031 | $1,686,223 |
| Work Car expenses | 19% | 685 | $2,634 | $1,804,148 |
| Work Travel expenses | 14% | 500 | $2,189 | $1,094,416 |
| Self Education expenses | 6% | 230 | $3,237 | $744,493 |
| Total Deductions | 83% | 2,950 | $6,568 | $19,376,784 |
| Taxation | ||||
| Taxable Income | 99% | 3,550 | $103,522 | $367,504,837 |
| Medicare Levy | 79% | 2,830 | $1,828 | $5,174,115 |
| Medicare Surcharge | 2% | 80 | $1,130 | $90,427 |
| Gross Tax | 86% | 3,090 | $35,918 | $110,985,492 |
| Net Tax | 83% | 2,955 | $38,635 | $114,165,910 |
| Average Tax | 100% | 3,575 | $31,935 | $114,165,910 |
| Gross Tax Rate | 86% | 3,090 | 35% | $110,985,492 |
| Net Tax Rate | 83% | 2,955 | 37% | $114,165,910 |
| Average Tax Rate | 100% | 3,575 | 31% | $114,165,910 |
| %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 $103,522. It is estimated that the average taxable income for people who paid a net amount of tax was $121951.
The average net tax paid was $38,635. This equates to an average tax of 37 cents in the dollar on taxable income.
The Medicare levy was paid by 2,830 people for an average of $1,828. 80 people paid $1,130 on average more for the Medicare surcharge.
2,770 people earned a salary or wage and took home an average of $77,763 each.
Government allowance and payments were collected by 140 people for on average $5,111. 70 people received the pension or other allowance.
Charitable gifts and donations of an average of $2,650 were made by 1,415 people.
The costs of tax affairs for 1,635 people were claimed for $1,031 each.