TaxStats for postcode 3480 FY2013
Postcode 3480 includes Areegra, Banyenong, Carron, Cope Cope, Corack, Corack East, Donald, Gil Gil, Jeffcott, Jeffcott North, Laen, Laen East, Laen North, Lake Buloke, Lawler, Litchfield, Rich Avon, Rich Avon East, Rich Avon West, Swanwater West in Victoria, and is in the federal electorate of Mallee.
In FY 2013 the ATO recorded 1,070 individuals in postcode 3480. Of these people, 1,065 made a taxable income or loss. 820 of the population paid a gross amount of tax. After tax offsets, 700 people actually paid a net amount of tax. There were 365 non-taxable people who paid net tax of $0.
Compare TaxStats of 3480 with VIC
| 3480 TaxStats FY2013 | %Ppl | #Ppl | 3480 Avg | 3480 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 1,070 | ||
| Income | ||||
| Salary or Wage | 70% | 745 | $36,093 | $26,888,915 |
| Gross Interest | 67% | 720 | $2,096 | $1,508,836 |
| Unfranked Dividends | 24% | 260 | $289 | $75,202 |
| Franked Dividends | 38% | 410 | $3,892 | $1,595,703 |
| Dividend Franking Credit | 38% | 410 | $1,668 | $683,820 |
| Capital Gains | 10% | 110 | $7,520 | $827,241 |
| Termination Payouts | 0% | 5 | $2,294 | $11,470 |
| Tips/Directors Fees etc | 20% | 215 | $2,148 | $461,733 |
| Business Income | 7% | 75 | $17,681 | $1,326,092 |
| Foreign Income | 12% | 125 | $100 | $12,487 |
| Government payments | 9% | 100 | $6,097 | $609,652 |
| Government pensions | 11% | 120 | $10,128 | $1,215,414 |
| Total Income or Loss | 100% | 1,070 | $42,481 | $45,454,352 |
| Deducations | ||||
| Charitable Gifts | 28% | 300 | $332 | $99,490 |
| Cost of Tax Affairs | 36% | 385 | $282 | $108,671 |
| Work Car expenses | 18% | 190 | $1,929 | $366,513 |
| Work Travel expenses | 10% | 105 | $2,394 | $251,346 |
| Self Education expenses | 2% | 25 | $1,693 | $42,320 |
| Total Deductions | 74% | 795 | $3,181 | $2,529,073 |
| Taxation | ||||
| Taxable Income | 100% | 1,065 | $40,021 | $42,621,958 |
| Medicare Levy | 61% | 655 | $815 | $533,667 |
| Medicare Surcharge | 1% | 10 | $1,036 | $10,362 |
| Gross Tax | 77% | 820 | $8,395 | $6,884,262 |
| Net Tax | 65% | 700 | $9,415 | $6,590,506 |
| Average Tax | 100% | 1,070 | $6,159 | $6,590,506 |
| Gross Tax Rate | 77% | 820 | 21% | $6,884,262 |
| Net Tax Rate | 65% | 700 | 24% | $6,590,506 |
| Average Tax Rate | 100% | 1,070 | 15% | $6,590,506 |
| %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 $40,021. It is estimated that the average taxable income for people who paid a net amount of tax was $54631.
The average net tax paid was $9,415. This equates to an average tax of 24 cents in the dollar on taxable income.
The Medicare levy was paid by 655 people for an average of $815. 10 people paid $1,036 on average more for the Medicare surcharge.
745 people earned a salary or wage and took home an average of $36,093 each.
Government allowance and payments were collected by 100 people for on average $6,097. 120 people received the pension or other allowance.
Charitable gifts and donations of an average of $332 were made by 300 people.
The costs of tax affairs for 385 people were claimed for $282 each.