TaxStats for postcode 3224 FY2013

Postcode 3224 includes Leopold, Moolap in Victoria, and is in the federal electorate of Corangamite.

In FY 2013 the ATO recorded 6,760 individuals in postcode 3224. Of these people, 6,745 made a taxable income or loss. 5,410 of the population paid a gross amount of tax. After tax offsets, 4,950 people actually paid a net amount of tax. There were 1,795 non-taxable people who paid net tax of $0.

Compare TaxStats of 3224 with VIC

3224 TaxStats FY2013%Ppl#Ppl3224
Total Individuals100%6,760
Salary or Wage 79%5,360$49,015$262,718,315
Gross Interest53%3,585$1,628$5,836,118
Unfranked Dividends9%635$650$412,832
Franked Dividends22%1,490$3,566$5,312,907
Dividend Franking Credit22%1,490$1,528$2,276,055
Capital Gains4%270$8,692$2,346,850
Termination Payouts2%155$10,371$1,607,486
Tips/Directors Fees etc22%1,515$2,453$3,716,274
Business Income8%525$17,468$9,170,778
Foreign Income6%375$1,135$425,740
Government payments7%470$5,309$2,495,456
Government pensions6%435$9,150$3,980,416
Total Income or Loss100%6,750$48,989$330,674,323
Charitable Gifts43%2,930$256$751,120
Cost of Tax Affairs53%3,575$222$795,012
Work Car expenses33%2,200$2,264$4,980,976
Work Travel expenses8%560$1,250$699,905
Self Education expenses4%290$1,401$406,179
Total Deductions82%5,555$2,673$14,846,983
Taxable Income100%6,745$46,803$315,685,806
Medicare Levy 71%4,780$887$4,241,232
Medicare Surcharge 1%50$1,379$68,947
Gross Tax 80%5,410$10,647$57,600,413
Net Tax 73%4,950$11,905$58,928,231
Average Tax 100%6,760 $8,717$58,928,231
Gross Tax Rate 80%5,410 23%$57,600,413
Net Tax Rate 73%4,950 25%$58,928,231
Average Tax Rate 100%6,760 19%$58,928,231
%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 $46,803. 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 $11,905. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 4,780 people for an average of $887. 50 people paid $1,379 on average more for the Medicare surcharge.

5,360 people earned a salary or wage and took home an average of $49,015 each.

Government allowance and payments were collected by 470 people for on average $5,309. 435 people received the pension or other allowance.

Charitable gifts and donations of an average of $256 were made by 2,930 people.

The costs of tax affairs for 3,575 people were claimed for $222 each.