TaxStats for postcode 3463 FY2013

Postcode 3463 includes Baringhup, Baringhup West, Bradford, Eastville, Laanecoorie, Maldon, Neereman, Nuggetty, Perkins Reef, Porcupine Flat, Tarrengower, Walmer, Woodstock West in Victoria, and is in the federal electorate of Bendigo.

In FY 2013 the ATO recorded 1,295 individuals in postcode 3463. Of these people, 1,290 made a taxable income or loss. 940 of the population paid a gross amount of tax. After tax offsets, 795 people actually paid a net amount of tax. There were 495 non-taxable people who paid net tax of $0.

Compare TaxStats of 3463 with VIC

3463 TaxStats FY2013%Ppl#Ppl3463
Avg
3463
Total
Total Individuals100%1,295
Income
Salary or Wage 66%850$47,959$40,764,940
Gross Interest61%785$2,331$1,829,989
Unfranked Dividends10%135$327$44,091
Franked Dividends27%350$2,972$1,040,061
Dividend Franking Credit27%350$1,273$445,693
Capital Gains6%80$10,731$858,448
Termination Payouts1%15$15,417$231,262
Tips/Directors Fees etc19%240$2,659$638,192
Business Income16%210$8,367$1,757,119
Foreign Income5%70$915$64,038
Government payments9%120$5,198$623,808
Government pensions12%160$9,099$1,455,769
Total Income or Loss100%1,295$44,058$57,054,883
Deducations
Charitable Gifts37%480$306$147,093
Cost of Tax Affairs51%665$380$252,415
Work Car expenses21%270$2,000$539,934
Work Travel expenses6%75$2,104$157,786
Self Education expenses3%35$1,692$59,237
Total Deductions76%985$2,351$2,316,077
Taxation
Taxable Income100%1,290$42,253$54,506,701
Medicare Levy 59%760$910$691,321
Medicare Surcharge 2%20$1,063$21,264
Gross Tax 73%940$10,965$10,307,447
Net Tax 61%795$12,857$10,221,214
Average Tax 100%1,295 $7,893$10,221,214
Gross Tax Rate 73%940 26%$10,307,447
Net Tax Rate 61%795 30%$10,221,214
Average Tax Rate 100%1,295 19%$10,221,214
%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 $42,253. It is estimated that the average taxable income for people who paid a net amount of tax was $61090.

The average net tax paid was $12,857. This equates to an average tax of 30 cents in the dollar on taxable income.

The Medicare levy was paid by 760 people for an average of $910. 20 people paid $1,063 on average more for the Medicare surcharge.

850 people earned a salary or wage and took home an average of $47,959 each.

Government allowance and payments were collected by 120 people for on average $5,198. 160 people received the pension or other allowance.

Charitable gifts and donations of an average of $306 were made by 480 people.

The costs of tax affairs for 665 people were claimed for $380 each.