TaxStats for postcode 3223 FY2013

Postcode 3223 includes Bellarine, Indented Head, Portarlington, St Leonards in Victoria, and is in the federal electorate of Corio.

In FY 2013 the ATO recorded 3,325 individuals in postcode 3223. Of these people, 3,305 made a taxable income or loss. 2,425 of the population paid a gross amount of tax. After tax offsets, 2,060 people actually paid a net amount of tax. There were 1,245 non-taxable people who paid net tax of $0.

Compare TaxStats of 3223 with VIC

3223 TaxStats FY2013%Ppl#Ppl3223
Avg
3223
Total
Total Individuals100%3,325
Income
Salary or Wage 66%2,195$44,836$98,415,571
Gross Interest56%1,860$3,047$5,666,867
Unfranked Dividends12%395$741$292,772
Franked Dividends31%1,040$5,383$5,598,674
Dividend Franking Credit31%1,040$2,307$2,398,769
Capital Gains5%170$8,340$1,417,828
Termination Payouts2%55$11,727$644,986
Tips/Directors Fees etc17%550$3,701$2,035,385
Business Income10%325$13,228$4,299,240
Foreign Income6%190$487$92,535
Government payments9%295$5,956$1,757,068
Government pensions11%370$9,241$3,419,189
Total Income or Loss100%3,315$44,270$146,755,137
Deducations
Charitable Gifts35%1,160$409$474,358
Cost of Tax Affairs48%1,580$295$466,341
Work Car expenses24%790$2,495$1,970,823
Work Travel expenses7%235$1,709$401,550
Self Education expenses2%80$1,337$106,999
Total Deductions74%2,475$2,690$6,658,866
Taxation
Taxable Income99%3,305$42,078$139,066,732
Medicare Levy 59%1,965$881$1,731,014
Medicare Surcharge 1%25$980$24,500
Gross Tax 73%2,425$10,233$24,815,609
Net Tax 62%2,060$11,804$24,316,994
Average Tax 100%3,325 $7,313$24,316,994
Gross Tax Rate 73%2,425 24%$24,815,609
Net Tax Rate 62%2,060 28%$24,316,994
Average Tax Rate 100%3,325 17%$24,316,994
%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 $42,078. It is estimated that the average taxable income for people who paid a net amount of tax was $60256.

The average net tax paid was $11,804. This equates to an average tax of 28 cents in the dollar on taxable income.

The Medicare levy was paid by 1,965 people for an average of $881. 25 people paid $980 on average more for the Medicare surcharge.

2,195 people earned a salary or wage and took home an average of $44,836 each.

Government allowance and payments were collected by 295 people for on average $5,956. 370 people received the pension or other allowance.

Charitable gifts and donations of an average of $409 were made by 1,160 people.

The costs of tax affairs for 1,580 people were claimed for $295 each.