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 | #Ppl | 3121 Avg | 3121 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 19,270 | ||
| Income | ||||
| Salary or Wage | 86% | 16,560 | $65,701 | $1,088,002,214 |
| Gross Interest | 62% | 12,035 | $1,850 | $22,268,845 |
| Unfranked Dividends | 9% | 1,700 | $747 | $1,269,922 |
| Franked Dividends | 23% | 4,355 | $6,993 | $30,452,642 |
| Dividend Franking Credit | 22% | 4,335 | $3,008 | $13,039,691 |
| Capital Gains | 4% | 835 | $21,333 | $17,812,675 |
| Termination Payouts | 2% | 400 | $19,050 | $7,620,183 |
| Tips/Directors Fees etc | 16% | 3,000 | $5,422 | $16,265,894 |
| Business Income | 10% | 1,920 | $29,271 | $56,201,182 |
| Foreign Income | 5% | 1,040 | $1,797 | $1,869,261 |
| Government payments | 6% | 1,220 | $5,592 | $6,822,261 |
| Government pensions | 2% | 395 | $9,988 | $3,945,119 |
| Total Income or Loss | 100% | 19,190 | $74,013 | $1,420,318,269 |
| Deducations | ||||
| Charitable Gifts | 39% | 7,550 | $720 | $5,432,419 |
| Cost of Tax Affairs | 47% | 9,105 | $428 | $3,893,093 |
| Work Car expenses | 26% | 5,030 | $3,208 | $16,133,802 |
| Work Travel expenses | 16% | 3,160 | $1,257 | $3,972,389 |
| Self Education expenses | 6% | 1,130 | $2,878 | $3,252,034 |
| Total Deductions | 84% | 16,145 | $3,818 | $61,642,528 |
| Taxation | ||||
| Taxable Income | 99% | 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.