TaxStats for postcode 3350 FY2013

Postcode 3350 includes Alfredton, Bakery Hill, Ballarat, Ballarat Central, Ballarat East, Ballarat North, Ballarat West, Black Hill, Brown Hill, Canadian, Eureka, Golden Point, Invermay Park, Lake Wendouree, Mount Clear, Mount Helen, Mount Pleasant, Nerrina, Newington, Redan, Soldiers Hill, Sovereign Hill in Victoria, and is in the federal electorate of Ballarat.

In FY 2013 the ATO recorded 31,245 individuals in postcode 3350. Of these people, 31,100 made a taxable income or loss. 25,250 of the population paid a gross amount of tax. After tax offsets, 22,965 people actually paid a net amount of tax. There were 8,135 non-taxable people who paid net tax of $0.

Compare TaxStats of 3350 with VIC

3350 TaxStats FY2013%Ppl#Ppl3350
Total Individuals100%31,245
Salary or Wage 81%25,460$47,503$1,209,428,759
Gross Interest56%17,630$1,676$29,547,634
Unfranked Dividends10%3,245$483$1,567,280
Franked Dividends25%7,710$5,762$44,425,041
Dividend Franking Credit25%7,675$2,479$19,026,065
Capital Gains5%1,460$11,658$17,020,937
Termination Payouts2%495$7,895$3,908,246
Tips/Directors Fees etc21%6,525$2,276$14,850,151
Business Income8%2,515$23,671$59,532,901
Foreign Income5%1,660$913$1,515,067
Government payments10%3,135$5,429$17,018,669
Government pensions6%1,925$9,205$17,720,354
Total Income or Loss100%31,135$51,511$1,603,786,024
Charitable Gifts42%13,230$307$4,064,115
Cost of Tax Affairs52%16,390$306$5,021,982
Work Car expenses35%10,805$2,373$25,643,233
Work Travel expenses11%3,525$1,464$5,159,292
Self Education expenses5%1,440$1,718$2,473,657
Total Deductions84%26,370$3,174$83,691,763
Taxable Income100%31,100$48,809$1,517,962,933
Medicare Levy 71%22,130$922$20,396,678
Medicare Surcharge 1%280$1,277$357,586
Gross Tax 81%25,250$11,497$290,308,479
Net Tax 73%22,965$12,916$296,608,200
Average Tax 100%31,245 $9,493$296,608,200
Gross Tax Rate 81%25,250 24%$290,308,479
Net Tax Rate 73%22,965 26%$296,608,200
Average Tax Rate 100%31,245 19%$296,608,200
%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 $48,809. It is estimated that the average taxable income for people who paid a net amount of tax was $61848.

The average net tax paid was $12,916. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 22,130 people for an average of $922. 280 people paid $1,277 on average more for the Medicare surcharge.

25,460 people earned a salary or wage and took home an average of $47,503 each.

Government allowance and payments were collected by 3,135 people for on average $5,429. 1,925 people received the pension or other allowance.

Charitable gifts and donations of an average of $307 were made by 13,230 people.

The costs of tax affairs for 16,390 people were claimed for $306 each.