TaxStats for postcode 3241 FY2013

Postcode 3241 includes Bambra, Ombersley, Wensleydale, Winchelsea, Winchelsea South, Wurdiboluc in Victoria, and is in the federal electorate of Corangamite.

In FY 2013 the ATO recorded 1,360 individuals in postcode 3241. Of these people, 1,340 made a taxable income or loss. 1,000 of the population paid a gross amount of tax. After tax offsets, 900 people actually paid a net amount of tax. There were 440 non-taxable people who paid net tax of $0.

Compare TaxStats of 3241 with VIC

3241 TaxStats FY2013%Ppl#Ppl3241
Total Individuals100%1,360
Salary or Wage 71%970$45,450$44,086,928
Gross Interest50%675$2,766$1,866,830
Unfranked Dividends12%165$394$64,967
Franked Dividends26%355$5,116$1,816,284
Dividend Franking Credit26%355$2,192$778,329
Capital Gains5%65$19,286$1,253,588
Termination Payouts2%25$21,123$528,070
Tips/Directors Fees etc19%255$2,337$595,943
Business Income13%175$3,376$590,749
Foreign Income4%55$10,878$598,307
Government payments8%115$5,555$638,867
Government pensions6%80$8,534$682,736
Total Income or Loss99%1,345$45,074$60,624,928
Charitable Gifts34%465$300$139,730
Cost of Tax Affairs50%675$327$220,727
Work Car expenses25%345$2,388$823,992
Work Travel expenses6%85$2,538$215,723
Self Education expenses3%35$1,557$54,508
Total Deductions77%1,045$2,805$2,931,225
Taxable Income99%1,340$42,868$57,443,244
Medicare Levy 64%870$872$758,754
Medicare Surcharge 1%10$1,552$15,518
Gross Tax 74%1,000$10,446$10,446,365
Net Tax 66%900$11,534$10,380,246
Average Tax 100%1,360 $7,633$10,380,246
Gross Tax Rate 74%1,000 24%$10,446,365
Net Tax Rate 66%900 27%$10,380,246
Average Tax Rate 100%1,360 18%$10,380,246
%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 $42,868. It is estimated that the average taxable income for people who paid a net amount of tax was $57959.

The average net tax paid was $11,534. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 870 people for an average of $872. 10 people paid $1,552 on average more for the Medicare surcharge.

970 people earned a salary or wage and took home an average of $45,450 each.

Government allowance and payments were collected by 115 people for on average $5,555. 80 people received the pension or other allowance.

Charitable gifts and donations of an average of $300 were made by 465 people.

The costs of tax affairs for 675 people were claimed for $327 each.