TaxStats for postcode 3240 FY2013

Postcode 3240 includes Buckley, Gherang, Modewarre, Moriac, Mount Moriac, Paraparap in Victoria, and is in the federal electorate of Corangamite.

In FY 2013 the ATO recorded 1,240 individuals in postcode 3240. Of these people, 1,220 made a taxable income or loss. 945 of the population paid a gross amount of tax. After tax offsets, 860 people actually paid a net amount of tax. There were 360 non-taxable people who paid net tax of $0.

Compare TaxStats of 3240 with VIC

3240 TaxStats FY2013%Ppl#Ppl3240
Total Individuals100%1,240
Salary or Wage 73%905$51,367$46,487,550
Gross Interest54%675$2,167$1,462,807
Unfranked Dividends13%160$398$63,631
Franked Dividends25%315$3,301$1,039,929
Dividend Franking Credit25%315$1,415$445,808
Capital Gains4%55$9,947$547,109
Termination Payouts1%15$22,357$335,353
Tips/Directors Fees etc18%220$2,824$621,362
Business Income14%175$7,861$1,375,628
Foreign Income7%85$44$3,736
Government payments5%60$4,727$283,631
Government pensions5%60$10,480$628,806
Total Income or Loss99%1,230$49,033$60,310,168
Charitable Gifts34%425$321$136,552
Cost of Tax Affairs44%550$363$199,682
Work Car expenses26%325$2,326$756,035
Work Travel expenses6%80$2,998$239,827
Self Education expenses3%40$2,617$104,667
Total Deductions77%950$3,246$3,084,100
Taxable Income98%1,220$46,770$57,058,928
Medicare Levy 67%835$932$777,972
Medicare Surcharge 1%15$939$14,081
Gross Tax 76%945$11,613$10,973,867
Net Tax 69%860$12,989$11,170,828
Average Tax 100%1,240 $9,009$11,170,828
Gross Tax Rate 76%945 25%$10,973,867
Net Tax Rate 69%860 28%$11,170,828
Average Tax Rate 100%1,240 19%$11,170,828
%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 $46,770. It is estimated that the average taxable income for people who paid a net amount of tax was $61324.

The average net tax paid was $12,989. This equates to an average tax of 28 cents in the dollar on taxable income.

The Medicare levy was paid by 835 people for an average of $932. 15 people paid $939 on average more for the Medicare surcharge.

905 people earned a salary or wage and took home an average of $51,367 each.

Government allowance and payments were collected by 60 people for on average $4,727. 60 people received the pension or other allowance.

Charitable gifts and donations of an average of $321 were made by 425 people.

The costs of tax affairs for 550 people were claimed for $363 each.