TaxStats for postcode 3444 FY2013

Postcode 3444 includes Barfold, Barfold, Baynton, Baynton, Baynton East, Baynton East, Edgecombe, Edgecombe, Glenhope, Glenhope, Greenhill, Greenhill, Kyneton, Kyneton, Kyneton South, Kyneton South, Langley, Langley, Lauriston, Lauriston, Lyal, Metcalfe East, Metcalfe East, Mia Mia, Mia Mia, Pastoria, Pastoria, Pastoria East, Pastoria East, Pipers Creek, Pipers Creek, Redesdale, Redesdale, Sidonia, Sidonia, Spring Hill, Spring Hill, Tylden, Tylden, Tylden South, Tylden South in Victoria, and is in the federal electorate of Bendigo.

In FY 2013 the ATO recorded 5,005 individuals in postcode 3444. Of these people, 4,965 made a taxable income or loss. 3,825 of the population paid a gross amount of tax. After tax offsets, 3,420 people actually paid a net amount of tax. There were 1,545 non-taxable people who paid net tax of $0.

Compare TaxStats of 3444 with VIC

3444 TaxStats FY2013%Ppl#Ppl3444
Avg
3444
Total
Total Individuals100%5,005
Income
Salary or Wage 73%3,635$47,716$173,449,207
Gross Interest57%2,870$2,587$7,424,380
Unfranked Dividends11%570$676$385,264
Franked Dividends25%1,230$5,950$7,319,030
Dividend Franking Credit25%1,230$2,550$3,135,935
Capital Gains5%250$21,358$5,339,481
Termination Payouts2%100$16,729$1,672,874
Tips/Directors Fees etc18%910$3,290$2,994,138
Business Income14%685$13,426$9,196,729
Foreign Income5%245$1,458$357,197
Government payments6%290$5,582$1,618,818
Government pensions7%350$9,441$3,304,480
Total Income or Loss100%4,990$49,117$245,095,423
Deducations
Charitable Gifts38%1,885$378$711,901
Cost of Tax Affairs49%2,430$399$968,487
Work Car expenses25%1,255$2,347$2,945,243
Work Travel expenses9%435$1,825$793,844
Self Education expenses4%200$1,716$343,290
Total Deductions79%3,940$2,876$11,333,185
Taxation
Taxable Income99%4,965$46,905$232,884,538
Medicare Levy 65%3,265$953$3,109,947
Medicare Surcharge 1%65$1,293$84,051
Gross Tax 76%3,825$11,831$45,252,115
Net Tax 68%3,420$13,408$45,856,051
Average Tax 100%5,005 $9,162$45,856,051
Gross Tax Rate 76%3,825 25%$45,252,115
Net Tax Rate 68%3,420 29%$45,856,051
Average Tax Rate 100%5,005 20%$45,856,051
%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 $46,905. It is estimated that the average taxable income for people who paid a net amount of tax was $62674.

The average net tax paid was $13,408. This equates to an average tax of 29 cents in the dollar on taxable income.

The Medicare levy was paid by 3,265 people for an average of $953. 65 people paid $1,293 on average more for the Medicare surcharge.

3,635 people earned a salary or wage and took home an average of $47,716 each.

Government allowance and payments were collected by 290 people for on average $5,582. 350 people received the pension or other allowance.

Charitable gifts and donations of an average of $378 were made by 1,885 people.

The costs of tax affairs for 2,430 people were claimed for $399 each.