TaxStats for postcode 3121 FY2013

Postcode 3121 includes Burnley, Burnley, Burnley North, Cremorne, Cremorne, Richmond, Richmond, Richmond East, Richmond North, Richmond South in Victoria, and is in the federal electorate of Melbourne.

In FY 2013 the ATO recorded 19,270 individuals in postcode 3121. Of these people, 19,165 made a taxable income or loss. 16,610 of the population paid a gross amount of tax. After tax offsets, 15,775 people actually paid a net amount of tax. There were 3,390 non-taxable people who paid net tax of $0.

Compare TaxStats of 3121 with VIC

3121 TaxStats FY2013%Ppl#Ppl3121
Total Individuals100%19,270
Salary or Wage 86%16,560$65,701$1,088,002,214
Gross Interest62%12,035$1,850$22,268,845
Unfranked Dividends9%1,700$747$1,269,922
Franked Dividends23%4,355$6,993$30,452,642
Dividend Franking Credit22%4,335$3,008$13,039,691
Capital Gains4%835$21,333$17,812,675
Termination Payouts2%400$19,050$7,620,183
Tips/Directors Fees etc16%3,000$5,422$16,265,894
Business Income10%1,920$29,271$56,201,182
Foreign Income5%1,040$1,797$1,869,261
Government payments6%1,220$5,592$6,822,261
Government pensions2%395$9,988$3,945,119
Total Income or Loss100%19,190$74,013$1,420,318,269
Charitable Gifts39%7,550$720$5,432,419
Cost of Tax Affairs47%9,105$428$3,893,093
Work Car expenses26%5,030$3,208$16,133,802
Work Travel expenses16%3,160$1,257$3,972,389
Self Education expenses6%1,130$2,878$3,252,034
Total Deductions84%16,145$3,818$61,642,528
Taxable Income99%19,165$70,762$1,356,161,073
Medicare Levy 78%15,115$1,261$19,059,858
Medicare Surcharge 2%435$1,094$475,696
Gross Tax 86%16,610$19,778$328,515,204
Net Tax 82%15,775$21,548$339,914,817
Average Tax 100%19,270 $17,640$339,914,817
Gross Tax Rate 86%16,610 28%$328,515,204
Net Tax Rate 82%15,775 30%$339,914,817
Average Tax Rate 100%19,270 25%$339,914,817
%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 $70,762. It is estimated that the average taxable income for people who paid a net amount of tax was $83390.

The average net tax paid was $21,548. This equates to an average tax of 30 cents in the dollar on taxable income.

The Medicare levy was paid by 15,115 people for an average of $1,261. 435 people paid $1,094 on average more for the Medicare surcharge.

16,560 people earned a salary or wage and took home an average of $65,701 each.

Government allowance and payments were collected by 1,220 people for on average $5,592. 395 people received the pension or other allowance.

Charitable gifts and donations of an average of $720 were made by 7,550 people.

The costs of tax affairs for 9,105 people were claimed for $428 each.