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 | #Ppl | 3350 Avg | 3350 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 31,245 | ||
| Income | ||||
| Salary or Wage | 81% | 25,460 | $47,503 | $1,209,428,759 |
| Gross Interest | 56% | 17,630 | $1,676 | $29,547,634 |
| Unfranked Dividends | 10% | 3,245 | $483 | $1,567,280 |
| Franked Dividends | 25% | 7,710 | $5,762 | $44,425,041 |
| Dividend Franking Credit | 25% | 7,675 | $2,479 | $19,026,065 |
| Capital Gains | 5% | 1,460 | $11,658 | $17,020,937 |
| Termination Payouts | 2% | 495 | $7,895 | $3,908,246 |
| Tips/Directors Fees etc | 21% | 6,525 | $2,276 | $14,850,151 |
| Business Income | 8% | 2,515 | $23,671 | $59,532,901 |
| Foreign Income | 5% | 1,660 | $913 | $1,515,067 |
| Government payments | 10% | 3,135 | $5,429 | $17,018,669 |
| Government pensions | 6% | 1,925 | $9,205 | $17,720,354 |
| Total Income or Loss | 100% | 31,135 | $51,511 | $1,603,786,024 |
| Deducations | ||||
| Charitable Gifts | 42% | 13,230 | $307 | $4,064,115 |
| Cost of Tax Affairs | 52% | 16,390 | $306 | $5,021,982 |
| Work Car expenses | 35% | 10,805 | $2,373 | $25,643,233 |
| Work Travel expenses | 11% | 3,525 | $1,464 | $5,159,292 |
| Self Education expenses | 5% | 1,440 | $1,718 | $2,473,657 |
| Total Deductions | 84% | 26,370 | $3,174 | $83,691,763 |
| Taxation | ||||
| Taxable Income | 100% | 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.