TaxStats for postcode 3342 FY2013

Postcode 3342 includes Ballan, Beremboke, Blakeville, Bunding, Colbrook, Durdidwarrah, Fiskville, Ingliston, Mount Wallace in Victoria, and is in the federal electorate of Ballarat.

In FY 2013 the ATO recorded 1,775 individuals in postcode 3342. Of these people, 1,750 made a taxable income or loss. 1,395 of the population paid a gross amount of tax. After tax offsets, 1,285 people actually paid a net amount of tax. There were 465 non-taxable people who paid net tax of $0.

Compare TaxStats of 3342 with VIC

3342 TaxStats FY2013%Ppl#Ppl3342
Total Individuals100%1,775
Salary or Wage 79%1,410$50,639$71,400,831
Gross Interest53%940$1,812$1,703,198
Unfranked Dividends11%190$895$170,070
Franked Dividends20%355$3,988$1,415,843
Dividend Franking Credit20%355$1,707$605,909
Capital Gains4%70$12,094$846,547
Termination Payouts3%45$6,891$310,074
Tips/Directors Fees etc24%425$3,097$1,316,285
Business Income10%185$7,404$1,369,786
Foreign Income4%70$622$43,525
Government payments6%105$5,154$541,207
Government pensions6%110$9,894$1,088,307
Total Income or Loss99%1,765$49,942$88,148,003
Charitable Gifts41%735$227$167,070
Cost of Tax Affairs56%995$298$296,131
Work Car expenses37%650$2,827$1,837,409
Work Travel expenses9%165$2,899$478,260
Self Education expenses4%75$1,380$103,492
Total Deductions82%1,460$3,286$4,798,105
Taxable Income99%1,750$47,341$82,846,627
Medicare Levy 70%1,245$897$1,116,744
Medicare Surcharge 1%25$1,311$32,766
Gross Tax 79%1,395$10,886$15,186,589
Net Tax 72%1,285$12,131$15,588,635
Average Tax 100%1,775 $8,782$15,588,635
Gross Tax Rate 79%1,395 23%$15,186,589
Net Tax Rate 72%1,285 26%$15,588,635
Average Tax Rate 100%1,775 19%$15,588,635
%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 $47,341. It is estimated that the average taxable income for people who paid a net amount of tax was $60130.

The average net tax paid was $12,131. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 1,245 people for an average of $897. 25 people paid $1,311 on average more for the Medicare surcharge.

1,410 people earned a salary or wage and took home an average of $50,639 each.

Government allowance and payments were collected by 105 people for on average $5,154. 110 people received the pension or other allowance.

Charitable gifts and donations of an average of $227 were made by 735 people.

The costs of tax affairs for 995 people were claimed for $298 each.