TaxStats for postcode 3104 FY2013

Postcode 3104 includes Balwyn North, Balwyn North, Greythorn in Victoria, and is in the federal electorate of Kooyong.

In FY 2013 the ATO recorded 12,855 individuals in postcode 3104. Of these people, 12,740 made a taxable income or loss. 10,055 of the population paid a gross amount of tax. After tax offsets, 9,200 people actually paid a net amount of tax. There were 3,540 non-taxable people who paid net tax of $0.

Compare TaxStats of 3104 with VIC

3104 TaxStats FY2013%Ppl#Ppl3104
Total Individuals100%12,855
Salary or Wage 67%8,640$63,408$547,848,201
Gross Interest71%9,085$3,882$35,268,201
Unfranked Dividends17%2,190$1,692$3,705,341
Franked Dividends41%5,245$9,887$51,856,655
Dividend Franking Credit41%5,230$4,248$22,215,118
Capital Gains8%995$24,702$24,578,303
Termination Payouts1%190$33,099$6,288,802
Tips/Directors Fees etc13%1,735$6,507$11,289,779
Business Income10%1,225$43,491$53,275,876
Foreign Income11%1,350$1,468$1,982,366
Government payments4%545$5,264$2,869,129
Government pensions4%555$9,064$5,030,712
Total Income or Loss99%12,765$71,264$909,686,069
Charitable Gifts38%4,925$772$3,804,120
Cost of Tax Affairs45%5,785$520$3,007,267
Work Car expenses20%2,545$3,295$8,385,013
Work Travel expenses9%1,120$1,402$1,569,940
Self Education expenses3%410$3,217$1,319,018
Total Deductions78%10,000$4,205$42,047,404
Taxable Income99%12,740$67,969$865,921,093
Medicare Levy 68%8,785$1,359$11,934,897
Medicare Surcharge 1%130$1,218$158,297
Gross Tax 78%10,055$21,507$216,254,260
Net Tax 72%9,200$24,046$221,218,944
Average Tax 100%12,855 $17,209$221,218,944
Gross Tax Rate 78%10,055 32%$216,254,260
Net Tax Rate 72%9,200 35%$221,218,944
Average Tax Rate 100%12,855 25%$221,218,944
%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 $67,969. It is estimated that the average taxable income for people who paid a net amount of tax was $89504.

The average net tax paid was $24,046. This equates to an average tax of 35 cents in the dollar on taxable income.

The Medicare levy was paid by 8,785 people for an average of $1,359. 130 people paid $1,218 on average more for the Medicare surcharge.

8,640 people earned a salary or wage and took home an average of $63,408 each.

Government allowance and payments were collected by 545 people for on average $5,264. 555 people received the pension or other allowance.

Charitable gifts and donations of an average of $772 were made by 4,925 people.

The costs of tax affairs for 5,785 people were claimed for $520 each.