TaxStats for postcode 3218 FY2013

Postcode 3218 includes Fyansford, Geelong West, Herne Hill, Manifold Heights, Murgheboluc, Stonehaven, Stonehaven in Victoria, and is in the federal electorate of Corangamite.

In FY 2013 the ATO recorded 7,505 individuals in postcode 3218. Of these people, 7,470 made a taxable income or loss. 6,250 of the population paid a gross amount of tax. After tax offsets, 5,755 people actually paid a net amount of tax. There were 1,715 non-taxable people who paid net tax of $0.

Compare TaxStats of 3218 with VIC

3218 TaxStats FY2013%Ppl#Ppl3218
Total Individuals100%7,505
Salary or Wage 83%6,265$52,158$326,769,552
Gross Interest55%4,130$1,536$6,343,952
Unfranked Dividends9%645$387$249,498
Franked Dividends21%1,555$4,420$6,873,132
Dividend Franking Credit21%1,545$1,906$2,945,085
Capital Gains3%260$12,765$3,319,017
Termination Payouts2%170$15,779$2,682,397
Tips/Directors Fees etc21%1,605$2,450$3,932,922
Business Income9%705$21,373$15,068,266
Foreign Income5%350$1,119$391,772
Government payments10%735$5,361$3,940,223
Government pensions5%350$9,271$3,244,725
Total Income or Loss100%7,480$54,514$407,761,921
Charitable Gifts43%3,220$434$1,398,416
Cost of Tax Affairs52%3,915$238$933,552
Work Car expenses32%2,435$2,396$5,833,796
Work Travel expenses11%860$1,076$925,527
Self Education expenses5%355$1,863$661,392
Total Deductions84%6,305$2,973$18,746,528
Taxable Income100%7,470$52,011$388,522,493
Medicare Levy 74%5,555$957$5,314,453
Medicare Surcharge 1%85$1,390$118,144
Gross Tax 83%6,250$12,248$76,548,215
Net Tax 77%5,755$13,642$78,509,772
Average Tax 100%7,505 $10,461$78,509,772
Gross Tax Rate 83%6,250 24%$76,548,215
Net Tax Rate 77%5,755 26%$78,509,772
Average Tax Rate 100%7,505 20%$78,509,772
%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 $52,011. It is estimated that the average taxable income for people who paid a net amount of tax was $63934.

The average net tax paid was $13,642. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 5,555 people for an average of $957. 85 people paid $1,390 on average more for the Medicare surcharge.

6,265 people earned a salary or wage and took home an average of $52,158 each.

Government allowance and payments were collected by 735 people for on average $5,361. 350 people received the pension or other allowance.

Charitable gifts and donations of an average of $434 were made by 3,220 people.

The costs of tax affairs for 3,915 people were claimed for $238 each.