TaxStats for postcode 3226 FY2013

Postcode 3226 includes Ocean Grove in Victoria, and is in the federal electorate of Corangamite.

In FY 2013 the ATO recorded 7,920 individuals in postcode 3226. Of these people, 7,890 made a taxable income or loss. 6,235 of the population paid a gross amount of tax. After tax offsets, 5,610 people actually paid a net amount of tax. There were 2,280 non-taxable people who paid net tax of $0.

Compare TaxStats of 3226 with VIC

3226 TaxStats FY2013%Ppl#Ppl3226
Total Individuals100%7,920
Salary or Wage 74%5,875$48,918$287,393,588
Gross Interest59%4,705$1,929$9,074,544
Unfranked Dividends12%950$624$592,786
Franked Dividends28%2,210$5,306$11,726,846
Dividend Franking Credit28%2,205$2,276$5,018,842
Capital Gains6%490$13,873$6,797,964
Termination Payouts2%160$11,191$1,790,486
Tips/Directors Fees etc19%1,530$2,799$4,283,118
Business Income11%870$21,940$19,087,474
Foreign Income7%530$475$251,750
Government payments7%565$5,006$2,828,606
Government pensions7%565$9,007$5,088,967
Total Income or Loss100%7,890$50,926$401,804,640
Charitable Gifts43%3,390$294$997,367
Cost of Tax Affairs50%3,970$315$1,250,629
Work Car expenses30%2,400$2,270$5,448,904
Work Travel expenses10%770$1,297$998,824
Self Education expenses4%350$1,737$607,838
Total Deductions81%6,410$2,975$19,067,161
Taxable Income100%7,890$48,494$382,614,997
Medicare Levy 68%5,410$938$5,076,663
Medicare Surcharge 1%75$1,171$87,825
Gross Tax 79%6,235$11,742$73,210,699
Net Tax 71%5,610$13,203$74,066,246
Average Tax 100%7,920 $9,352$74,066,246
Gross Tax Rate 79%6,235 24%$73,210,699
Net Tax Rate 71%5,610 27%$74,066,246
Average Tax Rate 100%7,920 19%$74,066,246
%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 $48,494. It is estimated that the average taxable income for people who paid a net amount of tax was $63325.

The average net tax paid was $13,203. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 5,410 people for an average of $938. 75 people paid $1,171 on average more for the Medicare surcharge.

5,875 people earned a salary or wage and took home an average of $48,918 each.

Government allowance and payments were collected by 565 people for on average $5,006. 565 people received the pension or other allowance.

Charitable gifts and donations of an average of $294 were made by 3,390 people.

The costs of tax affairs for 3,970 people were claimed for $315 each.