TaxStats for postcode 3254 FY2013

Postcode 3254 includes Cororooke in Victoria, and is in the federal electorate of Corangamite.

In FY 2013 the ATO recorded 185 individuals in postcode 3254. Of these people, 185 made a taxable income or loss. 135 of the population paid a gross amount of tax. After tax offsets, 130 people actually paid a net amount of tax. There were 55 non-taxable people who paid net tax of $0.

Compare TaxStats of 3254 with VIC

3254 TaxStats FY2013%Ppl#Ppl3254
Total Individuals100%185
Salary or Wage 76%140$43,891$6,144,796
Gross Interest49%90$924$83,172
Unfranked Dividends8%15$237$3,562
Franked Dividends16%30$997$29,898
Dividend Franking Credit16%30$423$12,702
Capital Gains3%5$238$1,192
Termination Payouts3%5$8,219$41,097
Tips/Directors Fees etc30%55$1,029$56,616
Business Income14%25$10,846$271,151
Foreign Income3%5$32$159
Government payments16%30$4,899$146,957
Government pensions5%10$8,748$87,481
Total Income or Loss100%185$38,872$7,191,335
Charitable Gifts27%50$571$28,549
Cost of Tax Affairs43%80$239$19,124
Work Car expenses19%35$1,389$48,623
Work Travel expenses5%10$1,524$15,237
Self Education expenses3%5$2,764$13,820
Total Deductions76%140$1,905$266,713
Taxable Income100%185$37,428$6,924,113
Medicare Levy 65%120$756$90,757
Medicare Surcharge %0$$0
Gross Tax 73%135$8,228$1,110,727
Net Tax 70%130$8,591$1,116,768
Average Tax 100%185 $6,037$1,116,768
Gross Tax Rate 73%135 22%$1,110,727
Net Tax Rate 70%130 23%$1,116,768
Average Tax Rate 100%185 16%$1,116,768
%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 $37,428. It is estimated that the average taxable income for people who paid a net amount of tax was $48185.

The average net tax paid was $8,591. This equates to an average tax of 23 cents in the dollar on taxable income.

The Medicare levy was paid by 120 people for an average of $756.

140 people earned a salary or wage and took home an average of $43,891 each.

Government allowance and payments were collected by 30 people for on average $4,899. 10 people received the pension or other allowance.

Charitable gifts and donations of an average of $571 were made by 50 people.

The costs of tax affairs for 80 people were claimed for $239 each.