TaxStats for postcode 3221 FY2013

Postcode 3221 includes Barrabool, Ceres, Geelong Mc, Gnarwarre in Victoria, and is in the federal electorate of Corangamite.

In FY 2013 the ATO recorded 3,440 individuals in postcode 3221. Of these people, 3,400 made a taxable income or loss. 2,715 of the population paid a gross amount of tax. After tax offsets, 2,500 people actually paid a net amount of tax. There were 900 non-taxable people who paid net tax of $0.

Compare TaxStats of 3221 with VIC

3221 TaxStats FY2013%Ppl#Ppl3221
Total Individuals100%3,440
Salary or Wage 71%2,445$50,794$124,191,460
Gross Interest55%1,875$2,409$4,517,752
Unfranked Dividends12%420$478$200,636
Franked Dividends27%930$20,086$18,679,715
Dividend Franking Credit27%925$8,655$8,005,450
Capital Gains5%175$16,918$2,960,701
Termination Payouts2%65$10,006$650,381
Tips/Directors Fees etc20%685$3,711$2,542,370
Business Income10%360$23,105$8,317,877
Foreign Income6%200$1,466$293,169
Government payments5%185$4,935$912,894
Government pensions4%125$9,156$1,144,488
Total Income or Loss99%3,420$60,632$207,363,109
Charitable Gifts36%1,235$399$493,370
Cost of Tax Affairs49%1,695$418$708,654
Work Car expenses26%910$2,835$2,580,085
Work Travel expenses6%215$2,083$447,950
Self Education expenses3%95$2,145$203,758
Total Deductions78%2,675$3,496$9,351,767
Taxable Income99%3,400$57,955$197,045,519
Medicare Levy 70%2,415$1,131$2,731,870
Medicare Surcharge 1%35$1,538$53,816
Gross Tax 79%2,715$16,652$45,210,594
Net Tax 73%2,500$18,592$46,480,482
Average Tax 100%3,440 $13,512$46,480,482
Gross Tax Rate 79%2,715 29%$45,210,594
Net Tax Rate 73%2,500 32%$46,480,482
Average Tax Rate 100%3,440 23%$46,480,482
%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 $57,955. It is estimated that the average taxable income for people who paid a net amount of tax was $74498.

The average net tax paid was $18,592. This equates to an average tax of 32 cents in the dollar on taxable income.

The Medicare levy was paid by 2,415 people for an average of $1,131. 35 people paid $1,538 on average more for the Medicare surcharge.

2,445 people earned a salary or wage and took home an average of $50,794 each.

Government allowance and payments were collected by 185 people for on average $4,935. 125 people received the pension or other allowance.

Charitable gifts and donations of an average of $399 were made by 1,235 people.

The costs of tax affairs for 1,695 people were claimed for $418 each.