TaxStats for postcode 3228 FY2013

Postcode 3228 includes Bellbrae, Bells Beach, Jan Juc, Torquay in Victoria, and is in the federal electorate of Corangamite.

In FY 2013 the ATO recorded 10,100 individuals in postcode 3228. Of these people, 10,035 made a taxable income or loss. 7,935 of the population paid a gross amount of tax. After tax offsets, 7,275 people actually paid a net amount of tax. There were 2,760 non-taxable people who paid net tax of $0.

Compare TaxStats of 3228 with VIC

3228 TaxStats FY2013%Ppl#Ppl3228
Total Individuals100%10,100
Salary or Wage 73%7,395$53,927$398,791,137
Gross Interest59%5,925$2,057$12,187,420
Unfranked Dividends11%1,105$678$749,489
Franked Dividends26%2,675$8,270$22,121,019
Dividend Franking Credit26%2,665$3,556$9,475,437
Capital Gains6%580$20,682$11,995,421
Termination Payouts2%215$18,704$4,021,434
Tips/Directors Fees etc18%1,860$3,489$6,488,769
Business Income12%1,235$24,361$30,085,469
Foreign Income6%585$1,106$647,106
Government payments7%660$5,011$3,307,122
Government pensions5%520$9,145$4,755,320
Total Income or Loss100%10,060$57,817$581,636,096
Charitable Gifts37%3,735$397$1,484,034
Cost of Tax Affairs49%4,910$388$1,906,178
Work Car expenses30%3,065$2,706$8,294,606
Work Travel expenses10%1,030$1,372$1,413,415
Self Education expenses4%375$1,803$676,109
Total Deductions79%7,990$3,523$28,147,064
Taxable Income99%10,035$55,070$552,631,809
Medicare Levy 70%7,050$1,078$7,597,959
Medicare Surcharge 1%115$1,449$166,626
Gross Tax 79%7,935$15,142$120,154,361
Net Tax 72%7,275$16,892$122,886,514
Average Tax 100%10,100 $12,167$122,886,514
Gross Tax Rate 79%7,935 27%$120,154,361
Net Tax Rate 72%7,275 31%$122,886,514
Average Tax Rate 100%10,100 22%$122,886,514
%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 $55,070. It is estimated that the average taxable income for people who paid a net amount of tax was $71411.

The average net tax paid was $16,892. This equates to an average tax of 31 cents in the dollar on taxable income.

The Medicare levy was paid by 7,050 people for an average of $1,078. 115 people paid $1,449 on average more for the Medicare surcharge.

7,395 people earned a salary or wage and took home an average of $53,927 each.

Government allowance and payments were collected by 660 people for on average $5,011. 520 people received the pension or other allowance.

Charitable gifts and donations of an average of $397 were made by 3,735 people.

The costs of tax affairs for 4,910 people were claimed for $388 each.