TaxStats for postcode 3525 FY2013

Postcode 3525 includes Barrakee, Buckrabanyule, Charlton, Chirrip, Granite Flat, Lake Marmal, Nareewillock, Terrappee, Wooroonook, Wychitella, Wychitella North, Yeungroon, Yeungroon East in Victoria, and is in the federal electorate of Mallee.

In FY 2013 the ATO recorded 775 individuals in postcode 3525. Of these people, 760 made a taxable income or loss. 550 of the population paid a gross amount of tax. After tax offsets, 455 people actually paid a net amount of tax. There were 305 non-taxable people who paid net tax of $0.

Compare TaxStats of 3525 with VIC

3525 TaxStats FY2013%Ppl#Ppl3525
Avg
3525
Total
Total Individuals100%775
Income
Salary or Wage 63%485$35,459$17,197,807
Gross Interest66%510$2,326$1,186,330
Unfranked Dividends33%255$243$61,841
Franked Dividends41%320$3,322$1,062,946
Dividend Franking Credit41%320$1,425$456,118
Capital Gains11%85$3,072$261,088
Termination Payouts1%5$3,265$16,326
Tips/Directors Fees etc19%145$1,554$225,283
Business Income8%65$15,487$1,006,679
Foreign Income10%75$103$7,713
Government payments8%65$6,191$402,390
Government pensions9%70$10,001$700,093
Total Income or Loss99%770$36,522$28,122,103
Deducations
Charitable Gifts26%200$390$77,948
Cost of Tax Affairs37%290$273$79,175
Work Car expenses18%140$1,882$263,492
Work Travel expenses6%45$726$32,680
Self Education expenses1%10$1,515$15,148
Total Deductions70%540$2,604$1,406,155
Taxation
Taxable Income98%760$34,574$26,276,452
Medicare Levy 55%425$754$320,529
Medicare Surcharge 1%5$431$2,153
Gross Tax 71%550$7,069$3,888,040
Net Tax 59%455$7,936$3,610,979
Average Tax 100%775 $4,659$3,610,979
Gross Tax Rate 71%550 20%$3,888,040
Net Tax Rate 59%455 23%$3,610,979
Average Tax Rate 100%775 13%$3,610,979
%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 $34,574. It is estimated that the average taxable income for people who paid a net amount of tax was $49706.

The average net tax paid was $7,936. This equates to an average tax of 23 cents in the dollar on taxable income.

The Medicare levy was paid by 425 people for an average of $754. 5 people paid $431 on average more for the Medicare surcharge.

485 people earned a salary or wage and took home an average of $35,459 each.

Government allowance and payments were collected by 65 people for on average $6,191. 70 people received the pension or other allowance.

Charitable gifts and donations of an average of $390 were made by 200 people.

The costs of tax affairs for 290 people were claimed for $273 each.