TaxStats for postcode 3071 FY2013

Postcode 3071 includes Thornbury, Thornbury in Victoria, and is in the federal electorate of Batman.

In FY 2013 the ATO recorded 10,415 individuals in postcode 3071. Of these people, 10,370 made a taxable income or loss. 8,690 of the population paid a gross amount of tax. After tax offsets, 8,170 people actually paid a net amount of tax. There were 2,200 non-taxable people who paid net tax of $0.

Compare TaxStats of 3071 with VIC

3071 TaxStats FY2013%Ppl#Ppl3071
Total Individuals100%10,415
Salary or Wage 85%8,815$53,917$475,281,214
Gross Interest61%6,385$1,592$10,166,819
Unfranked Dividends7%725$414$299,853
Franked Dividends19%2,010$3,050$6,131,482
Dividend Franking Credit19%1,995$1,316$2,626,133
Capital Gains3%320$13,743$4,397,683
Termination Payouts2%190$11,473$2,179,842
Tips/Directors Fees etc16%1,680$3,766$6,327,144
Business Income13%1,390$16,140$22,435,232
Foreign Income4%450$619$278,508
Government payments9%935$5,498$5,140,284
Government pensions3%290$9,652$2,798,998
Total Income or Loss100%10,375$56,270$583,800,332
Charitable Gifts41%4,245$376$1,596,112
Cost of Tax Affairs49%5,150$280$1,440,847
Work Car expenses24%2,530$2,346$5,935,363
Work Travel expenses12%1,250$1,059$1,324,135
Self Education expenses5%550$2,086$1,147,085
Total Deductions83%8,640$2,608$22,537,096
Taxable Income100%10,370$54,075$560,753,973
Medicare Levy 75%7,820$984$7,692,602
Medicare Surcharge 1%140$1,231$172,350
Gross Tax 83%8,690$12,998$112,953,746
Net Tax 78%8,170$14,316$116,964,042
Average Tax 100%10,415 $11,230$116,964,042
Gross Tax Rate 83%8,690 24%$112,953,746
Net Tax Rate 78%8,170 26%$116,964,042
Average Tax Rate 100%10,415 21%$116,964,042
%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 $54,075. It is estimated that the average taxable income for people who paid a net amount of tax was $65404.

The average net tax paid was $14,316. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 7,820 people for an average of $984. 140 people paid $1,231 on average more for the Medicare surcharge.

8,815 people earned a salary or wage and took home an average of $53,917 each.

Government allowance and payments were collected by 935 people for on average $5,498. 290 people received the pension or other allowance.

Charitable gifts and donations of an average of $376 were made by 4,245 people.

The costs of tax affairs for 5,150 people were claimed for $280 each.