TaxStats for postcode 3340 FY2013
Postcode 3340 includes Bacchus Marsh, Balliang, Balliang East, Coimadai, Darley, Glenmore, Hopetoun Park, Long Forest, Maddingley, Merrimu, Parwan, Rowsley, Staughton Vale, Staughton Vale in Victoria, and is in the federal electorate of Ballarat.
In FY 2013 the ATO recorded 10,690 individuals in postcode 3340. Of these people, 10,635 made a taxable income or loss. 8,770 of the population paid a gross amount of tax. After tax offsets, 8,120 people actually paid a net amount of tax. There were 2,515 non-taxable people who paid net tax of $0.
Compare TaxStats of 3340 with VIC
| 3340 TaxStats FY2013 | %Ppl | #Ppl | 3340 Avg | 3340 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 10,690 | ||
| Income | ||||
| Salary or Wage | 83% | 8,895 | $51,978 | $462,339,922 |
| Gross Interest | 51% | 5,475 | $1,326 | $7,259,385 |
| Unfranked Dividends | 8% | 855 | $691 | $590,929 |
| Franked Dividends | 19% | 2,015 | $5,235 | $10,548,575 |
| Dividend Franking Credit | 19% | 2,010 | $2,248 | $4,517,502 |
| Capital Gains | 3% | 340 | $12,872 | $4,376,511 |
| Termination Payouts | 3% | 280 | $10,840 | $3,035,103 |
| Tips/Directors Fees etc | 24% | 2,525 | $3,193 | $8,063,482 |
| Business Income | 7% | 785 | $16,485 | $12,940,881 |
| Foreign Income | 3% | 355 | $783 | $277,896 |
| Government payments | 7% | 765 | $4,867 | $3,723,129 |
| Government pensions | 5% | 570 | $9,071 | $5,170,274 |
| Total Income or Loss | 100% | 10,650 | $53,533 | $570,125,719 |
| Deducations | ||||
| Charitable Gifts | 51% | 5,400 | $209 | $1,126,155 |
| Cost of Tax Affairs | 55% | 5,880 | $257 | $1,512,415 |
| Work Car expenses | 38% | 4,110 | $2,762 | $11,353,708 |
| Work Travel expenses | 10% | 1,035 | $2,184 | $2,260,934 |
| Self Education expenses | 4% | 470 | $1,675 | $787,339 |
| Total Deductions | 85% | 9,105 | $3,312 | $30,157,858 |
| Taxation | ||||
| Taxable Income | 99% | 10,635 | $50,694 | $539,135,243 |
| Medicare Levy | 74% | 7,860 | $936 | $7,355,934 |
| Medicare Surcharge | 2% | 210 | $1,225 | $257,146 |
| Gross Tax | 82% | 8,770 | $11,803 | $103,511,857 |
| Net Tax | 76% | 8,120 | $13,091 | $106,302,662 |
| Average Tax | 100% | 10,690 | $9,944 | $106,302,662 |
| Gross Tax Rate | 82% | 8,770 | 23% | $103,511,857 |
| Net Tax Rate | 76% | 8,120 | 26% | $106,302,662 |
| Average Tax Rate | 100% | 10,690 | 20% | $106,302,662 |
| %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 $50,694. It is estimated that the average taxable income for people who paid a net amount of tax was $62679.
The average net tax paid was $13,091. This equates to an average tax of 26 cents in the dollar on taxable income.
The Medicare levy was paid by 7,860 people for an average of $936. 210 people paid $1,225 on average more for the Medicare surcharge.
8,895 people earned a salary or wage and took home an average of $51,978 each.
Government allowance and payments were collected by 765 people for on average $4,867. 570 people received the pension or other allowance.
Charitable gifts and donations of an average of $209 were made by 5,400 people.
The costs of tax affairs for 5,880 people were claimed for $257 each.