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#Ppl3340
Total Individuals100%10,690
Salary or Wage 83%8,895$51,978$462,339,922
Gross Interest51%5,475$1,326$7,259,385
Unfranked Dividends8%855$691$590,929
Franked Dividends19%2,015$5,235$10,548,575
Dividend Franking Credit19%2,010$2,248$4,517,502
Capital Gains3%340$12,872$4,376,511
Termination Payouts3%280$10,840$3,035,103
Tips/Directors Fees etc24%2,525$3,193$8,063,482
Business Income7%785$16,485$12,940,881
Foreign Income3%355$783$277,896
Government payments7%765$4,867$3,723,129
Government pensions5%570$9,071$5,170,274
Total Income or Loss100%10,650$53,533$570,125,719
Charitable Gifts51%5,400$209$1,126,155
Cost of Tax Affairs55%5,880$257$1,512,415
Work Car expenses38%4,110$2,762$11,353,708
Work Travel expenses10%1,035$2,184$2,260,934
Self Education expenses4%470$1,675$787,339
Total Deductions85%9,105$3,312$30,157,858
Taxable Income99%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.