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 | #Ppl | 3461 Avg | 3461 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 2,035 | ||
| Income | ||||
| Salary or Wage | 67% | 1,365 | $42,080 | $57,439,690 |
| Gross Interest | 59% | 1,195 | $2,104 | $2,514,647 |
| Unfranked Dividends | 10% | 195 | $418 | $81,479 |
| Franked Dividends | 22% | 450 | $3,395 | $1,527,539 |
| Dividend Franking Credit | 22% | 450 | $1,455 | $654,698 |
| Capital Gains | 3% | 70 | $18,562 | $1,299,329 |
| Termination Payouts | 1% | 20 | $10,334 | $206,683 |
| Tips/Directors Fees etc | 16% | 325 | $3,458 | $1,123,909 |
| Business Income | 21% | 420 | $10,860 | $4,561,200 |
| Foreign Income | 3% | 70 | $1,726 | $120,818 |
| Government payments | 8% | 165 | $6,659 | $1,098,738 |
| Government pensions | 7% | 140 | $10,765 | $1,507,133 |
| Total Income or Loss | 99% | 2,020 | $41,260 | $83,344,610 |
| Deducations | ||||
| Charitable Gifts | 38% | 780 | $409 | $319,279 |
| Cost of Tax Affairs | 51% | 1,030 | $351 | $361,498 |
| Work Car expenses | 24% | 495 | $2,331 | $1,153,824 |
| Work Travel expenses | 7% | 145 | $1,839 | $266,601 |
| Self Education expenses | 4% | 75 | $1,519 | $113,899 |
| Total Deductions | 75% | 1,535 | $2,795 | $4,290,716 |
| Taxation | ||||
| Taxable Income | 99% | 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.