TaxStats for postcode 3331 FY2013

Postcode 3331 includes Bannockburn, Gheringhap, Maude, Russells Bridge, She Oaks, Steiglitz, Sutherlands Creek in Victoria, and is in the federal electorate of Corangamite.

In FY 2013 the ATO recorded 2,970 individuals in postcode 3331. Of these people, 2,955 made a taxable income or loss. 2,375 of the population paid a gross amount of tax. After tax offsets, 2,210 people actually paid a net amount of tax. There were 745 non-taxable people who paid net tax of $0.

Compare TaxStats of 3331 with VIC

3331 TaxStats FY2013%Ppl#Ppl3331
Total Individuals100%2,970
Salary or Wage 81%2,410$52,091$125,539,740
Gross Interest50%1,475$1,521$2,243,092
Unfranked Dividends9%255$574$146,319
Franked Dividends20%600$3,780$2,267,706
Dividend Franking Credit20%600$1,619$971,120
Capital Gains4%125$11,321$1,415,141
Termination Payouts3%80$13,959$1,116,693
Tips/Directors Fees etc25%740$2,258$1,670,737
Business Income8%230$10,425$2,397,814
Foreign Income4%120$477$57,277
Government payments5%160$5,668$906,871
Government pensions5%145$8,993$1,303,966
Total Income or Loss100%2,960$52,035$154,023,719
Charitable Gifts41%1,215$289$350,569
Cost of Tax Affairs53%1,560$256$399,005
Work Car expenses33%985$2,526$2,488,558
Work Travel expenses10%285$1,872$533,651
Self Education expenses4%115$2,352$270,536
Total Deductions82%2,430$2,961$7,195,322
Taxable Income99%2,955$49,652$146,720,410
Medicare Levy 72%2,135$931$1,986,874
Medicare Surcharge 1%35$1,266$44,315
Gross Tax 80%2,375$11,850$28,144,231
Net Tax 74%2,210$12,989$28,706,047
Average Tax 100%2,970 $9,665$28,706,047
Gross Tax Rate 80%2,375 24%$28,144,231
Net Tax Rate 74%2,210 26%$28,706,047
Average Tax Rate 100%2,970 19%$28,706,047
%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 $49,652. It is estimated that the average taxable income for people who paid a net amount of tax was $62344.

The average net tax paid was $12,989. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 2,135 people for an average of $931. 35 people paid $1,266 on average more for the Medicare surcharge.

2,410 people earned a salary or wage and took home an average of $52,091 each.

Government allowance and payments were collected by 160 people for on average $5,668. 145 people received the pension or other allowance.

Charitable gifts and donations of an average of $289 were made by 1,215 people.

The costs of tax affairs for 1,560 people were claimed for $256 each.