TaxStats for postcode 3232 FY2013

Postcode 3232 includes Lorne in Victoria, and is in the federal electorate of Corangamite.

In FY 2013 the ATO recorded 820 individuals in postcode 3232. Of these people, 815 made a taxable income or loss. 600 of the population paid a gross amount of tax. After tax offsets, 525 people actually paid a net amount of tax. There were 290 non-taxable people who paid net tax of $0.

Compare TaxStats of 3232 with VIC

3232 TaxStats FY2013%Ppl#Ppl3232
Total Individuals100%820
Salary or Wage 59%485$39,025$18,927,266
Gross Interest62%510$3,173$1,618,129
Unfranked Dividends16%130$817$106,261
Franked Dividends30%250$12,211$3,052,680
Dividend Franking Credit30%250$5,224$1,305,983
Capital Gains7%60$84,609$5,076,563
Termination Payouts1%5$326$1,630
Tips/Directors Fees etc11%90$4,747$427,244
Business Income15%120$24,788$2,974,508
Foreign Income5%45$728$32,759
Government payments5%45$5,323$239,516
Government pensions6%50$9,879$493,961
Total Income or Loss99%815$51,840$42,249,500
Charitable Gifts26%215$477$102,528
Cost of Tax Affairs45%365$485$177,021
Work Car expenses19%155$2,570$398,298
Work Travel expenses5%40$2,899$115,978
Self Education expenses2%15$1,809$27,140
Total Deductions74%610$3,211$1,958,941
Taxable Income99%815$49,197$40,095,187
Medicare Levy 61%500$1,056$528,133
Medicare Surcharge 1%10$1,249$12,490
Gross Tax 73%600$14,642$8,784,955
Net Tax 64%525$16,930$8,888,006
Average Tax 100%820 $10,839$8,888,006
Gross Tax Rate 73%600 30%$8,784,955
Net Tax Rate 64%525 34%$8,888,006
Average Tax Rate 100%820 22%$8,888,006
%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 $49,197. It is estimated that the average taxable income for people who paid a net amount of tax was $69743.

The average net tax paid was $16,930. This equates to an average tax of 34 cents in the dollar on taxable income.

The Medicare levy was paid by 500 people for an average of $1,056. 10 people paid $1,249 on average more for the Medicare surcharge.

485 people earned a salary or wage and took home an average of $39,025 each.

Government allowance and payments were collected by 45 people for on average $5,323. 50 people received the pension or other allowance.

Charitable gifts and donations of an average of $477 were made by 215 people.

The costs of tax affairs for 365 people were claimed for $485 each.