TaxStats for postcode 3450 FY2013
Postcode 3450 includes Castlemaine, Moonlight Flat in Victoria, and is in the federal electorate of Bendigo.
In FY 2013 the ATO recorded 4,015 individuals in postcode 3450. Of these people, 3,995 made a taxable income or loss. 3,065 of the population paid a gross amount of tax. After tax offsets, 2,650 people actually paid a net amount of tax. There were 1,345 non-taxable people who paid net tax of $0.
Compare TaxStats of 3450 with VIC
| 3450 TaxStats FY2013 | %Ppl | #Ppl | 3450 Avg | 3450 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 4,015 | ||
| Income | ||||
| Salary or Wage | 70% | 2,800 | $42,905 | $120,133,558 |
| Gross Interest | 62% | 2,485 | $2,276 | $5,656,077 |
| Unfranked Dividends | 12% | 500 | $703 | $351,725 |
| Franked Dividends | 27% | 1,085 | $5,185 | $5,625,574 |
| Dividend Franking Credit | 27% | 1,080 | $2,230 | $2,408,370 |
| Capital Gains | 5% | 215 | $12,822 | $2,756,749 |
| Termination Payouts | 1% | 50 | $11,305 | $565,263 |
| Tips/Directors Fees etc | 19% | 780 | $2,011 | $1,568,457 |
| Business Income | 15% | 590 | $15,166 | $8,947,709 |
| Foreign Income | 6% | 255 | $638 | $162,717 |
| Government payments | 9% | 350 | $5,741 | $2,009,274 |
| Government pensions | 9% | 355 | $9,822 | $3,486,840 |
| Total Income or Loss | 100% | 3,995 | $43,624 | $174,278,322 |
| Deducations | ||||
| Charitable Gifts | 49% | 1,975 | $311 | $615,151 |
| Cost of Tax Affairs | 55% | 2,215 | $309 | $684,875 |
| Work Car expenses | 24% | 970 | $1,907 | $1,849,515 |
| Work Travel expenses | 6% | 255 | $1,409 | $359,328 |
| Self Education expenses | 4% | 150 | $1,692 | $253,815 |
| Total Deductions | 81% | 3,245 | $2,316 | $7,516,246 |
| Taxation | ||||
| Taxable Income | 100% | 3,995 | $41,689 | $166,548,738 |
| Medicare Levy | 63% | 2,535 | $838 | $2,124,147 |
| Medicare Surcharge | 1% | 40 | $1,421 | $56,830 |
| Gross Tax | 76% | 3,065 | $9,254 | $28,363,409 |
| Net Tax | 66% | 2,650 | $10,717 | $28,399,540 |
| Average Tax | 100% | 4,015 | $7,073 | $28,399,540 |
| Gross Tax Rate | 76% | 3,065 | 22% | $28,363,409 |
| Net Tax Rate | 66% | 2,650 | 26% | $28,399,540 |
| Average Tax Rate | 100% | 4,015 | 17% | $28,399,540 |
| %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 $41,689. It is estimated that the average taxable income for people who paid a net amount of tax was $56758.
The average net tax paid was $10,717. This equates to an average tax of 26 cents in the dollar on taxable income.
The Medicare levy was paid by 2,535 people for an average of $838. 40 people paid $1,421 on average more for the Medicare surcharge.
2,800 people earned a salary or wage and took home an average of $42,905 each.
Government allowance and payments were collected by 350 people for on average $5,741. 355 people received the pension or other allowance.
Charitable gifts and donations of an average of $311 were made by 1,975 people.
The costs of tax affairs for 2,215 people were claimed for $309 each.