TaxStats for postcode 3070 FY2013

Postcode 3070 includes Northcote, Northcote, Northcote South in Victoria, and is in the federal electorate of Batman.

In FY 2013 the ATO recorded 13,985 individuals in postcode 3070. Of these people, 13,925 made a taxable income or loss. 11,695 of the population paid a gross amount of tax. After tax offsets, 11,010 people actually paid a net amount of tax. There were 2,915 non-taxable people who paid net tax of $0.

Compare TaxStats of 3070 with VIC

3070 TaxStats FY2013%Ppl#Ppl3070
Total Individuals100%13,985
Salary or Wage 84%11,735$59,515$698,409,299
Gross Interest64%8,885$1,871$16,621,061
Unfranked Dividends10%1,345$1,165$1,567,226
Franked Dividends24%3,375$6,139$20,717,745
Dividend Franking Credit24%3,365$2,638$8,876,635
Capital Gains4%600$17,084$10,250,579
Termination Payouts2%250$18,614$4,653,535
Tips/Directors Fees etc15%2,120$4,349$9,219,037
Business Income14%1,915$23,817$45,610,254
Foreign Income7%975$1,712$1,669,673
Government payments8%1,130$5,510$6,226,039
Government pensions3%365$9,678$3,532,352
Total Income or Loss100%13,945$64,382$897,803,244
Charitable Gifts44%6,110$581$3,548,858
Cost of Tax Affairs49%6,865$368$2,525,769
Work Car expenses24%3,395$2,435$8,265,974
Work Travel expenses14%1,925$1,087$2,091,614
Self Education expenses5%745$2,361$1,758,869
Total Deductions83%11,665$3,275$38,202,985
Taxable Income100%13,925$61,663$858,660,983
Medicare Levy 77%10,770$1,118$12,044,125
Medicare Surcharge 2%295$1,191$351,239
Gross Tax 84%11,695$16,291$190,524,692
Net Tax 79%11,010$17,892$196,993,964
Average Tax 100%13,985 $14,086$196,993,964
Gross Tax Rate 84%11,695 26%$190,524,692
Net Tax Rate 79%11,010 29%$196,993,964
Average Tax Rate 100%13,985 23%$196,993,964
%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 $61,663. It is estimated that the average taxable income for people who paid a net amount of tax was $74812.

The average net tax paid was $17,892. This equates to an average tax of 29 cents in the dollar on taxable income.

The Medicare levy was paid by 10,770 people for an average of $1,118. 295 people paid $1,191 on average more for the Medicare surcharge.

11,735 people earned a salary or wage and took home an average of $59,515 each.

Government allowance and payments were collected by 1,130 people for on average $5,510. 365 people received the pension or other allowance.

Charitable gifts and donations of an average of $581 were made by 6,110 people.

The costs of tax affairs for 6,865 people were claimed for $368 each.