TaxStats for postcode 3424 FY2013

Postcode 3424 includes Albacutya, Rainbow, Yaapeet in Victoria, and is in the federal electorate of Mallee.

In FY 2013 the ATO recorded 430 individuals in postcode 3424. Of these people, 420 made a taxable income or loss. 330 of the population paid a gross amount of tax. After tax offsets, 290 people actually paid a net amount of tax. There were 130 non-taxable people who paid net tax of $0.

Compare TaxStats of 3424 with VIC

3424 TaxStats FY2013%Ppl#Ppl3424
Total Individuals100%430
Salary or Wage 60%260$33,828$8,795,224
Gross Interest73%315$2,429$765,069
Unfranked Dividends26%110$304$33,415
Franked Dividends38%165$3,652$602,620
Dividend Franking Credit38%165$1,565$258,255
Capital Gains16%70$9,552$668,621
Termination Payouts1%5$326$1,628
Tips/Directors Fees etc26%110$1,109$121,966
Business Income9%40$10,230$409,215
Foreign Income13%55$102$5,624
Government payments6%25$5,452$136,306
Government pensions7%30$13,252$397,555
Total Income or Loss100%430$46,100$19,823,059
Charitable Gifts23%100$792$79,181
Cost of Tax Affairs34%145$273$39,650
Work Car expenses16%70$2,215$155,030
Work Travel expenses5%20$2,508$50,165
Self Education expenses2%10$2,136$21,365
Total Deductions73%315$4,020$1,266,240
Taxable Income98%420$43,342$18,203,778
Medicare Levy 64%275$875$240,620
Medicare Surcharge 1%5$554$2,769
Gross Tax 77%330$10,228$3,375,330
Net Tax 67%290$10,668$3,093,812
Average Tax 100%430 $7,195$3,093,812
Gross Tax Rate 77%330 24%$3,375,330
Net Tax Rate 67%290 25%$3,093,812
Average Tax Rate 100%430 17%$3,093,812
%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 $43,342. It is estimated that the average taxable income for people who paid a net amount of tax was $57392.

The average net tax paid was $10,668. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 275 people for an average of $875. 5 people paid $554 on average more for the Medicare surcharge.

260 people earned a salary or wage and took home an average of $33,828 each.

Government allowance and payments were collected by 25 people for on average $5,452. 30 people received the pension or other allowance.

Charitable gifts and donations of an average of $792 were made by 100 people.

The costs of tax affairs for 145 people were claimed for $273 each.