TaxStats for postcode 3518 FY2013

Postcode 3518 includes Berrimal, Berrimal, Borung, Borung, Fentons Creek, Fernihurst, Fernihurst, Fiery Flat, Fiery Flat, Kurraca, Kurraca West, Mysia, Mysia, Nine Mile, Nine Mile, Richmond Plains, Richmond Plains, Skinners Flat, Skinners Flat, Wedderburn, Wedderburn, Wedderburn Junction, Wedderburn Junction, Wehla, Woolshed Flat, Woolshed Flat, Woosang, Woosang in Victoria, and is in the federal electorate of Murray.

In FY 2013 the ATO recorded 645 individuals in postcode 3518. Of these people, 640 made a taxable income or loss. 455 of the population paid a gross amount of tax. After tax offsets, 375 people actually paid a net amount of tax. There were 265 non-taxable people who paid net tax of $0.

Compare TaxStats of 3518 with VIC

3518 TaxStats FY2013%Ppl#Ppl3518
Total Individuals100%645
Salary or Wage 65%420$36,656$15,395,701
Gross Interest62%400$2,743$1,097,233
Unfranked Dividends16%105$311$32,703
Franked Dividends29%185$3,900$721,468
Dividend Franking Credit29%185$1,671$309,121
Capital Gains5%35$8,048$281,677
Termination Payouts1%5$2,081$10,404
Tips/Directors Fees etc17%110$1,458$160,365
Business Income12%75$20,143$1,510,723
Foreign Income4%25$160$4,000
Government payments12%75$6,456$484,220
Government pensions12%75$10,328$774,613
Total Income or Loss99%640$39,895$25,532,826
Charitable Gifts29%185$171$31,654
Cost of Tax Affairs47%300$264$79,108
Work Car expenses25%160$2,176$348,115
Work Travel expenses5%35$2,332$81,637
Self Education expenses3%20$1,578$31,570
Total Deductions71%455$2,517$1,145,329
Taxable Income99%640$37,774$24,175,624
Medicare Levy 53%345$853$294,192
Medicare Surcharge 1%5$1,835$9,177
Gross Tax 71%455$9,038$4,112,142
Net Tax 58%375$10,372$3,889,619
Average Tax 100%645 $6,030$3,889,619
Gross Tax Rate 71%455 24%$4,112,142
Net Tax Rate 58%375 27%$3,889,619
Average Tax Rate 100%645 16%$3,889,619
%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 $37,774. It is estimated that the average taxable income for people who paid a net amount of tax was $55988.

The average net tax paid was $10,372. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 345 people for an average of $853. 5 people paid $1,835 on average more for the Medicare surcharge.

420 people earned a salary or wage and took home an average of $36,656 each.

Government allowance and payments were collected by 75 people for on average $6,456. 75 people received the pension or other allowance.

Charitable gifts and donations of an average of $171 were made by 185 people.

The costs of tax affairs for 300 people were claimed for $264 each.