TaxStats for postcode 3242 FY2013

Postcode 3242 includes Birregurra in Victoria, and is in the federal electorate of Corangamite.

In FY 2013 the ATO recorded 560 individuals in postcode 3242. Of these people, 550 made a taxable income or loss. 400 of the population paid a gross amount of tax. After tax offsets, 345 people actually paid a net amount of tax. There were 205 non-taxable people who paid net tax of $0.

Compare TaxStats of 3242 with VIC

3242 TaxStats FY2013%Ppl#Ppl3242
Total Individuals100%560
Salary or Wage 64%360$42,100$15,155,982
Gross Interest60%335$3,597$1,205,066
Unfranked Dividends13%75$493$36,971
Franked Dividends24%135$5,474$738,998
Dividend Franking Credit23%130$2,436$316,661
Capital Gains5%30$28,208$846,233
Termination Payouts1%5$2,873$14,365
Tips/Directors Fees etc17%95$3,085$293,064
Business Income15%85$7,509$638,283
Foreign Income4%25$605$15,121
Government payments7%40$4,700$188,014
Government pensions5%30$10,124$303,732
Total Income or Loss99%555$40,625$22,546,908
Charitable Gifts29%160$446$71,418
Cost of Tax Affairs42%235$419$98,373
Work Car expenses20%110$2,513$276,450
Work Travel expenses7%40$1,304$52,176
Self Education expenses4%20$2,955$59,092
Total Deductions71%395$3,311$1,307,886
Taxable Income98%550$38,307$21,069,111
Medicare Levy 59%330$842$277,870
Medicare Surcharge 2%10$1,020$10,196
Gross Tax 71%400$9,208$3,683,355
Net Tax 62%345$10,562$3,644,059
Average Tax 100%560 $6,507$3,644,059
Gross Tax Rate 71%400 24%$3,683,355
Net Tax Rate 62%345 28%$3,644,059
Average Tax Rate 100%560 17%$3,644,059
%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 $38,307. It is estimated that the average taxable income for people who paid a net amount of tax was $53939.

The average net tax paid was $10,562. This equates to an average tax of 28 cents in the dollar on taxable income.

The Medicare levy was paid by 330 people for an average of $842. 10 people paid $1,020 on average more for the Medicare surcharge.

360 people earned a salary or wage and took home an average of $42,100 each.

Government allowance and payments were collected by 40 people for on average $4,700. 30 people received the pension or other allowance.

Charitable gifts and donations of an average of $446 were made by 160 people.

The costs of tax affairs for 235 people were claimed for $419 each.