TaxStats for postcode 3220 FY2013

Postcode 3220 includes Bareena, Geelong, Newtown, South Geelong in Victoria, and is in the federal electorate of Corio.

In FY 2013 the ATO recorded 10,730 individuals in postcode 3220. Of these people, 10,645 made a taxable income or loss. 8,635 of the population paid a gross amount of tax. After tax offsets, 8,015 people actually paid a net amount of tax. There were 2,630 non-taxable people who paid net tax of $0.

Compare TaxStats of 3220 with VIC

3220 TaxStats FY2013%Ppl#Ppl3220
Total Individuals100%10,730
Salary or Wage 74%7,930$56,252$446,081,090
Gross Interest58%6,260$2,578$16,137,063
Unfranked Dividends12%1,330$889$1,182,804
Franked Dividends30%3,225$10,263$33,097,996
Dividend Franking Credit30%3,210$4,418$14,180,707
Capital Gains6%665$24,493$16,288,083
Termination Payouts2%180$16,746$3,014,335
Tips/Directors Fees etc19%1,990$3,488$6,941,558
Business Income9%1,000$37,583$37,582,732
Foreign Income7%765$1,317$1,007,278
Government payments7%740$5,569$4,121,424
Government pensions4%415$9,507$3,945,416
Total Income or Loss99%10,660$66,045$704,039,869
Charitable Gifts39%4,175$656$2,740,747
Cost of Tax Affairs48%5,125$432$2,215,343
Work Car expenses26%2,750$2,598$7,143,394
Work Travel expenses10%1,035$1,331$1,377,731
Self Education expenses4%440$2,199$967,445
Total Deductions80%8,565$3,832$32,820,980
Taxable Income99%10,645$62,920$669,786,283
Medicare Levy 72%7,725$1,203$9,294,510
Medicare Surcharge 1%120$1,405$168,659
Gross Tax 80%8,635$18,289$157,927,877
Net Tax 75%8,015$20,261$162,393,781
Average Tax 100%10,730 $15,135$162,393,781
Gross Tax Rate 80%8,635 29%$157,927,877
Net Tax Rate 75%8,015 32%$162,393,781
Average Tax Rate 100%10,730 24%$162,393,781
%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 $62,920. It is estimated that the average taxable income for people who paid a net amount of tax was $79629.

The average net tax paid was $20,261. This equates to an average tax of 32 cents in the dollar on taxable income.

The Medicare levy was paid by 7,725 people for an average of $1,203. 120 people paid $1,405 on average more for the Medicare surcharge.

7,930 people earned a salary or wage and took home an average of $56,252 each.

Government allowance and payments were collected by 740 people for on average $5,569. 415 people received the pension or other allowance.

Charitable gifts and donations of an average of $656 were made by 4,175 people.

The costs of tax affairs for 5,125 people were claimed for $432 each.