TaxStats for postcode 3142 FY2013

Postcode 3142 includes Hawksburn, Toorak, Toorak in Victoria, and is in the federal electorate of Higgins.

In FY 2013 the ATO recorded 10,100 individuals in postcode 3142. Of these people, 9,970 made a taxable income or loss. 8,475 of the population paid a gross amount of tax. After tax offsets, 7,950 people actually paid a net amount of tax. There were 2,020 non-taxable people who paid net tax of $0.

Compare TaxStats of 3142 with VIC

3142 TaxStats FY2013%Ppl#Ppl3142
Total Individuals100%10,100
Salary or Wage 60%6,070$81,665$495,704,763
Gross Interest71%7,195$9,223$66,359,877
Unfranked Dividends18%1,825$2,772$5,058,173
Franked Dividends42%4,195$35,971$150,897,770
Dividend Franking Credit41%4,185$15,345$64,220,079
Capital Gains11%1,110$98,048$108,833,418
Termination Payouts1%125$55,130$6,891,256
Tips/Directors Fees etc11%1,080$9,795$10,579,024
Business Income11%1,115$79,853$89,036,400
Foreign Income14%1,385$6,152$8,520,017
Government payments4%355$5,260$1,867,254
Government pensions3%265$9,484$2,513,213
Total Income or Loss99%10,010$154,311$1,544,654,204
Charitable Gifts37%3,755$6,995$26,267,788
Cost of Tax Affairs48%4,825$2,554$12,323,951
Work Car expenses17%1,725$3,883$6,698,809
Work Travel expenses9%930$1,998$1,857,997
Self Education expenses3%270$3,405$919,470
Total Deductions78%7,875$13,453$105,945,790
Taxable Income99%9,970$143,838$1,434,061,527
Medicare Levy 75%7,575$2,688$20,358,440
Medicare Surcharge 1%130$1,530$198,891
Gross Tax 84%8,475$58,007$491,608,366
Net Tax 79%7,950$63,450$504,429,843
Average Tax 100%10,100 $49,944$504,429,843
Gross Tax Rate 84%8,475 40%$491,608,366
Net Tax Rate 79%7,950 44%$504,429,843
Average Tax Rate 100%10,100 35%$504,429,843
%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 $143,838. It is estimated that the average taxable income for people who paid a net amount of tax was $177336.

The average net tax paid was $63,450. This equates to an average tax of 44 cents in the dollar on taxable income.

The Medicare levy was paid by 7,575 people for an average of $2,688. 130 people paid $1,530 on average more for the Medicare surcharge.

6,070 people earned a salary or wage and took home an average of $81,665 each.

Government allowance and payments were collected by 355 people for on average $5,260. 265 people received the pension or other allowance.

Charitable gifts and donations of an average of $6,995 were made by 3,755 people.

The costs of tax affairs for 4,825 people were claimed for $2,554 each.