TaxStats for postcode 3031 FY2013

Postcode 3031 includes Flemington, Flemington, Kensington, Kensington in Victoria, and is in the federal electorate of Melbourne.

In FY 2013 the ATO recorded 10,425 individuals in postcode 3031. Of these people, 10,385 made a taxable income or loss. 8,800 of the population paid a gross amount of tax. After tax offsets, 8,360 people actually paid a net amount of tax. There were 2,025 non-taxable people who paid net tax of $0.

Compare TaxStats of 3031 with VIC

3031 TaxStats FY2013%Ppl#Ppl3031
Total Individuals100%10,425
Salary or Wage 87%9,085$60,550$550,096,610
Gross Interest60%6,305$1,484$9,354,683
Unfranked Dividends8%810$381$308,807
Franked Dividends21%2,155$4,480$9,654,842
Dividend Franking Credit21%2,145$1,923$4,124,497
Capital Gains4%375$9,399$3,524,544
Termination Payouts2%210$17,227$3,617,738
Tips/Directors Fees etc17%1,725$3,597$6,205,053
Business Income11%1,185$19,894$23,574,023
Foreign Income5%505$1,606$811,219
Government payments9%980$6,064$5,942,335
Government pensions2%240$10,424$2,501,815
Total Income or Loss100%10,395$62,467$649,345,860
Charitable Gifts41%4,295$404$1,736,437
Cost of Tax Affairs46%4,820$318$1,535,050
Work Car expenses26%2,695$2,557$6,891,048
Work Travel expenses16%1,695$1,341$2,273,438
Self Education expenses7%715$2,549$1,822,825
Total Deductions82%8,590$3,210$27,572,526
Taxable Income100%10,385$59,820$621,232,939
Medicare Levy 77%8,005$1,078$8,627,214
Medicare Surcharge 2%220$987$217,034
Gross Tax 84%8,800$15,106$132,931,174
Net Tax 80%8,360$16,464$137,637,331
Average Tax 100%10,425 $13,203$137,637,331
Gross Tax Rate 84%8,800 25%$132,931,174
Net Tax Rate 80%8,360 28%$137,637,331
Average Tax Rate 100%10,425 22%$137,637,331
%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 $59,820. It is estimated that the average taxable income for people who paid a net amount of tax was $71403.

The average net tax paid was $16,464. This equates to an average tax of 28 cents in the dollar on taxable income.

The Medicare levy was paid by 8,005 people for an average of $1,078. 220 people paid $987 on average more for the Medicare surcharge.

9,085 people earned a salary or wage and took home an average of $60,550 each.

Government allowance and payments were collected by 980 people for on average $6,064. 240 people received the pension or other allowance.

Charitable gifts and donations of an average of $404 were made by 4,295 people.

The costs of tax affairs for 4,820 people were claimed for $318 each.