TaxStats for postcode 3199 FY2013

Postcode 3199 includes Frankston, Frankston, Frankston East, Frankston Heights, Frankston South, Frankston South, Karingal, Karingal Centre in Victoria, and is in the federal electorate of Dunkley.

In FY 2013 the ATO recorded 29,180 individuals in postcode 3199. Of these people, 29,025 made a taxable income or loss. 23,380 of the population paid a gross amount of tax. After tax offsets, 21,040 people actually paid a net amount of tax. There were 7,985 non-taxable people who paid net tax of $0.

Compare TaxStats of 3199 with VIC

3199 TaxStats FY2013%Ppl#Ppl3199
Avg
3199
Total
Total Individuals100%29,180
Income
Salary or Wage 79%23,100$48,288$1,115,451,511
Gross Interest54%15,840$1,660$26,300,882
Unfranked Dividends8%2,315$679$1,571,738
Franked Dividends21%5,995$4,839$29,008,249
Dividend Franking Credit21%5,985$2,076$12,422,173
Capital Gains3%1,020$14,119$14,401,841
Termination Payouts2%620$10,500$6,509,857
Tips/Directors Fees etc21%6,125$3,154$19,319,766
Business Income9%2,665$19,799$52,763,586
Foreign Income4%1,240$587$728,327
Government payments9%2,585$5,186$13,406,764
Government pensions7%2,165$9,638$20,865,889
Total Income or Loss100%29,065$48,730$1,416,342,391
Deducations
Charitable Gifts39%11,355$289$3,286,041
Cost of Tax Affairs52%15,120$281$4,246,793
Work Car expenses31%8,910$2,802$24,963,172
Work Travel expenses12%3,410$1,193$4,069,080
Self Education expenses5%1,380$1,713$2,363,479
Total Deductions83%24,210$2,853$69,065,403
Taxation
Taxable Income99%29,025$46,377$1,346,079,228
Medicare Levy 69%20,150$881$17,755,035
Medicare Surcharge 1%305$1,178$359,250
Gross Tax 80%23,380$10,403$243,213,364
Net Tax 72%21,040$11,765$247,526,830
Average Tax 100%29,180 $8,483$247,526,830
Gross Tax Rate 80%23,380 22%$243,213,364
Net Tax Rate 72%21,040 25%$247,526,830
Average Tax Rate 100%29,180 18%$247,526,830
%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 $46,377. It is estimated that the average taxable income for people who paid a net amount of tax was $59423.

The average net tax paid was $11,765. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 20,150 people for an average of $881. 305 people paid $1,178 on average more for the Medicare surcharge.

23,100 people earned a salary or wage and took home an average of $48,288 each.

Government allowance and payments were collected by 2,585 people for on average $5,186. 2,165 people received the pension or other allowance.

Charitable gifts and donations of an average of $289 were made by 11,355 people.

The costs of tax affairs for 15,120 people were claimed for $281 each.