TaxStats for postcode 3351 FY2013

Postcode 3351 includes Berringa, Bo Peep, Cape Clear, Carngham, Chepstowe, Haddon, Happy Valley, Hillcrest, Illabarook, Lake Bolac, Lake Bolac, Mininera, Mininera, Mortchup, Mount Emu, Nerrin Nerrin, Nerrin Nerrin, Newtown, Nintingbool, Piggoreet, Pitfield, Pitfield, Rokewood Junction, Rokewood Junction, Ross Creek, Scarsdale, Smythes Creek, Smythesdale, Snake Valley, Springdallah, Staffordshire Reef, Streatham, Streatham, Wallinduc, Wallinduc, Westmere, Westmere in Victoria, and is in the federal electorate of Corangamite.

In FY 2013 the ATO recorded 4,300 individuals in postcode 3351. Of these people, 4,270 made a taxable income or loss. 3,325 of the population paid a gross amount of tax. After tax offsets, 2,980 people actually paid a net amount of tax. There were 1,290 non-taxable people who paid net tax of $0.

Compare TaxStats of 3351 with VIC

3351 TaxStats FY2013%Ppl#Ppl3351
Total Individuals100%4,300
Salary or Wage 78%3,360$44,151$148,348,557
Gross Interest53%2,260$1,500$3,389,708
Unfranked Dividends11%460$281$129,464
Franked Dividends22%965$2,742$2,646,401
Dividend Franking Credit22%955$1,187$1,133,948
Capital Gains3%145$8,914$1,292,507
Termination Payouts2%65$6,589$428,273
Tips/Directors Fees etc25%1,065$2,170$2,311,072
Business Income10%415$10,420$4,324,460
Foreign Income4%180$292$52,549
Government payments8%355$5,260$1,867,338
Government pensions5%220$9,083$1,998,184
Total Income or Loss100%4,285$43,125$184,791,497
Charitable Gifts38%1,640$248$406,436
Cost of Tax Affairs53%2,270$274$621,913
Work Car expenses33%1,435$2,627$3,770,444
Work Travel expenses9%400$2,752$1,100,717
Self Education expenses4%170$1,356$230,591
Total Deductions82%3,525$3,141$11,072,232
Taxable Income99%4,270$40,530$173,063,437
Medicare Levy 66%2,845$800$2,277,388
Medicare Surcharge 1%25$1,201$30,020
Gross Tax 77%3,325$8,583$28,540,087
Net Tax 69%2,980$9,683$28,855,964
Average Tax 100%4,300 $6,711$28,855,964
Gross Tax Rate 77%3,325 21%$28,540,087
Net Tax Rate 69%2,980 24%$28,855,964
Average Tax Rate 100%4,300 17%$28,855,964
%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 $40,530. It is estimated that the average taxable income for people who paid a net amount of tax was $52880.

The average net tax paid was $9,683. This equates to an average tax of 24 cents in the dollar on taxable income.

The Medicare levy was paid by 2,845 people for an average of $800. 25 people paid $1,201 on average more for the Medicare surcharge.

3,360 people earned a salary or wage and took home an average of $44,151 each.

Government allowance and payments were collected by 355 people for on average $5,260. 220 people received the pension or other allowance.

Charitable gifts and donations of an average of $248 were made by 1,640 people.

The costs of tax affairs for 2,270 people were claimed for $274 each.