TaxStats for postcode 3461 FY2013

Postcode 3461 includes Bullarto, Bullarto South, Clydesdale, Coomoora, Denver, Drummond, Dry Diggings, Eganstown, Elevated Plains, Franklinford, Glenlyon, Hepburn, Hepburn Springs, Korweinguboora, Leonards Hill, Lyonville, Mount Franklin, Musk, Musk Vale, Porcupine Ridge, Sailors Falls, Sailors Hill, Shepherds Flat, Spargo Creek, Strangways, Wheatsheaf, Yandoit, Yandoit Hills in Victoria, and is in the federal electorate of Ballarat.

In FY 2013 the ATO recorded 2,035 individuals in postcode 3461. Of these people, 2,010 made a taxable income or loss. 1,450 of the population paid a gross amount of tax. After tax offsets, 1,250 people actually paid a net amount of tax. There were 760 non-taxable people who paid net tax of $0.

Compare TaxStats of 3461 with VIC

3461 TaxStats FY2013%Ppl#Ppl3461
Total Individuals100%2,035
Salary or Wage 67%1,365$42,080$57,439,690
Gross Interest59%1,195$2,104$2,514,647
Unfranked Dividends10%195$418$81,479
Franked Dividends22%450$3,395$1,527,539
Dividend Franking Credit22%450$1,455$654,698
Capital Gains3%70$18,562$1,299,329
Termination Payouts1%20$10,334$206,683
Tips/Directors Fees etc16%325$3,458$1,123,909
Business Income21%420$10,860$4,561,200
Foreign Income3%70$1,726$120,818
Government payments8%165$6,659$1,098,738
Government pensions7%140$10,765$1,507,133
Total Income or Loss99%2,020$41,260$83,344,610
Charitable Gifts38%780$409$319,279
Cost of Tax Affairs51%1,030$351$361,498
Work Car expenses24%495$2,331$1,153,824
Work Travel expenses7%145$1,839$266,601
Self Education expenses4%75$1,519$113,899
Total Deductions75%1,535$2,795$4,290,716
Taxable Income99%2,010$39,176$78,743,874
Medicare Levy 59%1,195$827$987,738
Medicare Surcharge 1%30$1,418$42,527
Gross Tax 71%1,450$9,014$13,069,653
Net Tax 61%1,250$10,477$13,096,572
Average Tax 100%2,035 $6,436$13,096,572
Gross Tax Rate 71%1,450 23%$13,069,653
Net Tax Rate 61%1,250 27%$13,096,572
Average Tax Rate 100%2,035 16%$13,096,572
%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 $39,176. It is estimated that the average taxable income for people who paid a net amount of tax was $55699.

The average net tax paid was $10,477. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 1,195 people for an average of $827. 30 people paid $1,418 on average more for the Medicare surcharge.

1,365 people earned a salary or wage and took home an average of $42,080 each.

Government allowance and payments were collected by 165 people for on average $6,659. 140 people received the pension or other allowance.

Charitable gifts and donations of an average of $409 were made by 780 people.

The costs of tax affairs for 1,030 people were claimed for $351 each.