TaxStats for postcode 3141 FY2013

Postcode 3141 includes South Yarra, South Yarra in Victoria, and is in the federal electorate of Higgins.

In FY 2013 the ATO recorded 15,885 individuals in postcode 3141. Of these people, 15,765 made a taxable income or loss. 13,430 of the population paid a gross amount of tax. After tax offsets, 12,815 people actually paid a net amount of tax. There were 2,950 non-taxable people who paid net tax of $0.

Compare TaxStats of 3141 with VIC

3141 TaxStats FY2013%Ppl#Ppl3141
Total Individuals100%15,885
Salary or Wage 78%12,410$70,902$879,895,143
Gross Interest64%10,155$3,639$36,957,240
Unfranked Dividends10%1,565$3,378$5,286,306
Franked Dividends24%3,780$24,152$91,293,204
Dividend Franking Credit24%3,770$10,376$39,116,669
Capital Gains6%920$47,790$43,967,068
Termination Payouts2%260$24,631$6,403,952
Tips/Directors Fees etc14%2,200$7,246$15,940,708
Business Income13%2,030$37,626$76,381,416
Foreign Income8%1,195$5,015$5,993,262
Government payments5%800$5,401$4,320,885
Government pensions2%265$9,967$2,641,336
Total Income or Loss100%15,820$89,781$1,420,342,382
Charitable Gifts35%5,620$2,706$15,205,070
Cost of Tax Affairs44%7,015$2,572$18,044,028
Work Car expenses22%3,460$3,323$11,498,793
Work Travel expenses16%2,585$1,518$3,924,834
Self Education expenses6%890$3,044$2,708,892
Total Deductions79%12,605$7,191$90,647,948
Taxable Income99%15,765$84,181$1,327,115,558
Medicare Levy 74%11,715$1,579$18,493,087
Medicare Surcharge 2%360$1,362$490,464
Gross Tax 85%13,430$28,055$376,782,758
Net Tax 81%12,815$30,187$386,849,523
Average Tax 100%15,885 $24,353$386,849,523
Gross Tax Rate 85%13,430 33%$376,782,758
Net Tax Rate 81%12,815 36%$386,849,523
Average Tax Rate 100%15,885 29%$386,849,523
%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 $84,181. It is estimated that the average taxable income for people who paid a net amount of tax was $100797.

The average net tax paid was $30,187. This equates to an average tax of 36 cents in the dollar on taxable income.

The Medicare levy was paid by 11,715 people for an average of $1,579. 360 people paid $1,362 on average more for the Medicare surcharge.

12,410 people earned a salary or wage and took home an average of $70,902 each.

Government allowance and payments were collected by 800 people for on average $5,401. 265 people received the pension or other allowance.

Charitable gifts and donations of an average of $2,706 were made by 5,620 people.

The costs of tax affairs for 7,015 people were claimed for $2,572 each.