TaxStats for postcode 3550 FY2013

Postcode 3550 includes Bendigo, Bendigo South, Diamond Hill, East Bendigo, Flora Hill, Ironbark, Kennington, Long Gully, North Bendigo, Quarry Hill, Sandhurst East, Spring Gully, Strathdale, Tysons Reef, West Bendigo, White Hills in Victoria, and is in the federal electorate of Bendigo.

In FY 2013 the ATO recorded 21,755 individuals in postcode 3550. Of these people, 21,665 made a taxable income or loss. 17,225 of the population paid a gross amount of tax. After tax offsets, 15,495 people actually paid a net amount of tax. There were 6,170 non-taxable people who paid net tax of $0.

Compare TaxStats of 3550 with VIC

3550 TaxStats FY2013%Ppl#Ppl3550
Avg
3550
Total
Total Individuals100%21,755
Income
Salary or Wage 79%17,255$45,056$777,441,279
Gross Interest57%12,385$1,947$24,108,286
Unfranked Dividends11%2,355$550$1,294,777
Franked Dividends28%6,045$6,284$37,989,105
Dividend Franking Credit28%6,035$2,697$16,279,194
Capital Gains5%1,050$10,196$10,705,997
Termination Payouts1%305$7,032$2,144,629
Tips/Directors Fees etc20%4,430$2,232$9,887,856
Business Income7%1,625$23,332$37,914,061
Foreign Income6%1,200$492$590,497
Government payments11%2,425$5,528$13,405,743
Government pensions8%1,665$9,055$15,076,437
Total Income or Loss100%21,695$48,885$1,060,552,096
Deducations
Charitable Gifts40%8,775$590$5,180,941
Cost of Tax Affairs51%11,145$308$3,433,412
Work Car expenses28%6,050$1,941$11,740,860
Work Travel expenses10%2,175$1,275$2,773,404
Self Education expenses5%995$1,498$1,490,583
Total Deductions83%18,095$2,682$48,533,356
Taxation
Taxable Income100%21,665$46,666$1,011,024,047
Medicare Levy 68%14,780$894$13,218,173
Medicare Surcharge 1%235$1,397$328,396
Gross Tax 79%17,225$10,889$187,563,820
Net Tax 71%15,495$12,261$189,979,929
Average Tax 100%21,755 $8,733$189,979,929
Gross Tax Rate 79%17,225 23%$187,563,820
Net Tax Rate 71%15,495 26%$189,979,929
Average Tax Rate 100%21,755 19%$189,979,929
%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 $46,666. It is estimated that the average taxable income for people who paid a net amount of tax was $60470.

The average net tax paid was $12,261. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 14,780 people for an average of $894. 235 people paid $1,397 on average more for the Medicare surcharge.

17,255 people earned a salary or wage and took home an average of $45,056 each.

Government allowance and payments were collected by 2,425 people for on average $5,528. 1,665 people received the pension or other allowance.

Charitable gifts and donations of an average of $590 were made by 8,775 people.

The costs of tax affairs for 11,145 people were claimed for $308 each.