TaxStats for postcode 3073 FY2013

Postcode 3073 includes Reservoir, Reservoir in Victoria, and is in the federal electorate of Batman.

In FY 2013 the ATO recorded 23,970 individuals in postcode 3073. Of these people, 23,835 made a taxable income or loss. 19,210 of the population paid a gross amount of tax. After tax offsets, 17,590 people actually paid a net amount of tax. There were 6,245 non-taxable people who paid net tax of $0.

Compare TaxStats of 3073 with VIC

3073 TaxStats FY2013%Ppl#Ppl3073
Total Individuals100%23,970
Salary or Wage 81%19,520$46,519$908,044,191
Gross Interest56%13,495$1,687$22,763,503
Unfranked Dividends6%1,395$350$487,839
Franked Dividends16%3,845$3,090$11,881,832
Dividend Franking Credit16%3,830$1,299$4,975,437
Capital Gains2%560$16,634$9,314,908
Termination Payouts2%440$9,077$3,993,850
Tips/Directors Fees etc18%4,280$3,034$12,985,960
Business Income10%2,400$16,064$38,553,258
Foreign Income3%645$395$254,828
Government payments8%1,940$5,701$11,059,403
Government pensions5%1,125$9,612$10,813,563
Total Income or Loss99%23,845$46,541$1,109,763,637
Charitable Gifts36%8,600$245$2,110,258
Cost of Tax Affairs51%12,255$225$2,760,054
Work Car expenses26%6,135$2,507$15,379,873
Work Travel expenses9%2,260$1,138$2,571,201
Self Education expenses4%965$1,928$1,860,216
Total Deductions80%19,075$2,371$45,227,697
Taxable Income99%23,835$44,633$1,063,833,136
Medicare Levy 68%16,300$845$13,767,237
Medicare Surcharge 1%260$1,123$292,061
Gross Tax 80%19,210$9,532$183,112,807
Net Tax 73%17,590$10,670$187,681,445
Average Tax 100%23,970 $7,830$187,681,445
Gross Tax Rate 80%19,210 21%$183,112,807
Net Tax Rate 73%17,590 24%$187,681,445
Average Tax Rate 100%23,970 18%$187,681,445
%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 $44,633. It is estimated that the average taxable income for people who paid a net amount of tax was $56219.

The average net tax paid was $10,670. This equates to an average tax of 24 cents in the dollar on taxable income.

The Medicare levy was paid by 16,300 people for an average of $845. 260 people paid $1,123 on average more for the Medicare surcharge.

19,520 people earned a salary or wage and took home an average of $46,519 each.

Government allowance and payments were collected by 1,940 people for on average $5,701. 1,125 people received the pension or other allowance.

Charitable gifts and donations of an average of $245 were made by 8,600 people.

The costs of tax affairs for 12,255 people were claimed for $225 each.