TaxStats for postcode 3234 FY2013

Postcode 3234 includes Grey River, Kennett River, Separation Creek, Sugarloaf, Wongarra, Wye River in Victoria, and is in the federal electorate of Corangamite.

In FY 2013 the ATO recorded 60 individuals in postcode 3234. Of these people, 60 made a taxable income or loss. 45 of the population paid a gross amount of tax. After tax offsets, 40 people actually paid a net amount of tax. There were 20 non-taxable people who paid net tax of $0.

Compare TaxStats of 3234 with VIC

3234 TaxStats FY2013%Ppl#Ppl3234
Total Individuals100%60
Salary or Wage 67%40$42,018$1,680,703
Gross Interest58%35$3,052$106,809
Unfranked Dividends8%5$118$588
Franked Dividends17%10$10,841$108,413
Dividend Franking Credit17%10$4,646$46,457
Capital Gains8%5$15,945$79,723
Termination Payouts8%5$1,005$5,023
Tips/Directors Fees etc17%10$2,542$25,422
Business Income8%5$-1,313$-6,567
Foreign Income8%5$111$553
Government payments17%10$4,129$41,286
Government pensions8%5$3,328$16,640
Total Income or Loss100%60$45,469$2,728,152
Charitable Gifts17%10$1,215$12,153
Cost of Tax Affairs33%20$477$9,547
Work Car expenses25%15$3,116$46,745
Work Travel expenses8%5$606$3,028
Self Education expenses8%5$1,814$9,068
Total Deductions58%35$5,574$195,078
Taxable Income100%60$42,218$2,533,074
Medicare Levy 58%35$937$32,810
Medicare Surcharge %0$$0
Gross Tax 75%45$10,034$451,538
Net Tax 67%40$11,453$458,119
Average Tax 100%60 $7,635$458,119
Gross Tax Rate 75%45 24%$451,538
Net Tax Rate 67%40 27%$458,119
Average Tax Rate 100%60 18%$458,119
%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 $42,218. It is estimated that the average taxable income for people who paid a net amount of tax was $57327.

The average net tax paid was $11,453. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 35 people for an average of $937.

40 people earned a salary or wage and took home an average of $42,018 each.

Government allowance and payments were collected by 10 people for on average $4,129. 5 people received the pension or other allowance.

Charitable gifts and donations of an average of $1,215 were made by 10 people.

The costs of tax affairs for 20 people were claimed for $477 each.