TaxStats for postcode 3551 FY2013
Postcode 3551 includes Arnold, Arnold West, Ascot, Axe Creek, Axedale, Bagshot, Bagshot North, Bendigo Forward, Cornella, Cornella, Emu Creek, Eppalock, Epsom, Huntly, Huntly North, Junortoun, Kimbolton, Lake Eppalock, Llanelly, Lockwood, Lockwood South, Longlea, Maiden Gully, Mandurang, Mandurang South, Minto, Mosquito Creek, Murphys Creek, Myola, Myola East, Myola East, Myrtle Creek, Newbridge, Painswick, Pilchers Bridge, Sedgwick, Strathfieldsaye, Tarnagulla, Toolleen, Waanyarra, Wellsford, Woodstock On Loddon in Victoria, and is in the federal electorate of Bendigo.
In FY 2013 the ATO recorded 15,270 individuals in postcode 3551. Of these people, 15,190 made a taxable income or loss. 12,280 of the population paid a gross amount of tax. After tax offsets, 11,340 people actually paid a net amount of tax. There were 3,850 non-taxable people who paid net tax of $0.
Compare TaxStats of 3551 with VIC
| 3551 TaxStats FY2013 | %Ppl | #Ppl | 3551 Avg | 3551 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 15,270 | ||
| Income | ||||
| Salary or Wage | 81% | 12,315 | $49,108 | $604,760,263 |
| Gross Interest | 57% | 8,705 | $1,382 | $12,027,673 |
| Unfranked Dividends | 10% | 1,505 | $336 | $505,413 |
| Franked Dividends | 26% | 4,025 | $4,455 | $17,930,944 |
| Dividend Franking Credit | 26% | 4,010 | $1,916 | $7,681,217 |
| Capital Gains | 5% | 735 | $10,565 | $7,765,002 |
| Termination Payouts | 2% | 240 | $7,175 | $1,721,994 |
| Tips/Directors Fees etc | 22% | 3,385 | $2,568 | $8,693,069 |
| Business Income | 9% | 1,350 | $16,181 | $21,843,830 |
| Foreign Income | 4% | 680 | $254 | $172,759 |
| Government payments | 6% | 915 | $4,847 | $4,434,782 |
| Government pensions | 5% | 755 | $8,401 | $6,342,781 |
| Total Income or Loss | 100% | 15,225 | $50,605 | $770,458,631 |
| Deducations | ||||
| Charitable Gifts | 40% | 6,170 | $222 | $1,371,296 |
| Cost of Tax Affairs | 52% | 7,985 | $259 | $2,070,578 |
| Work Car expenses | 32% | 4,850 | $2,150 | $10,428,773 |
| Work Travel expenses | 10% | 1,535 | $1,485 | $2,279,216 |
| Self Education expenses | 4% | 660 | $1,524 | $1,005,924 |
| Total Deductions | 84% | 12,870 | $2,621 | $33,735,600 |
| Taxation | ||||
| Taxable Income | 99% | 15,190 | $48,450 | $735,953,523 |
| Medicare Levy | 72% | 10,985 | $911 | $10,004,535 |
| Medicare Surcharge | 1% | 195 | $1,285 | $250,495 |
| Gross Tax | 80% | 12,280 | $11,263 | $138,309,932 |
| Net Tax | 74% | 11,340 | $12,477 | $141,488,797 |
| Average Tax | 100% | 15,270 | $9,266 | $141,488,797 |
| Gross Tax Rate | 80% | 12,280 | 23% | $138,309,932 |
| Net Tax Rate | 74% | 11,340 | 26% | $141,488,797 |
| Average Tax Rate | 100% | 15,270 | 19% | $141,488,797 |
| %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 $48,450. It is estimated that the average taxable income for people who paid a net amount of tax was $60825.
The average net tax paid was $12,477. This equates to an average tax of 26 cents in the dollar on taxable income.
The Medicare levy was paid by 10,985 people for an average of $911. 195 people paid $1,285 on average more for the Medicare surcharge.
12,315 people earned a salary or wage and took home an average of $49,108 each.
Government allowance and payments were collected by 915 people for on average $4,847. 755 people received the pension or other allowance.
Charitable gifts and donations of an average of $222 were made by 6,170 people.
The costs of tax affairs for 7,985 people were claimed for $259 each.