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#Ppl3551
Total Individuals100%15,270
Salary or Wage 81%12,315$49,108$604,760,263
Gross Interest57%8,705$1,382$12,027,673
Unfranked Dividends10%1,505$336$505,413
Franked Dividends26%4,025$4,455$17,930,944
Dividend Franking Credit26%4,010$1,916$7,681,217
Capital Gains5%735$10,565$7,765,002
Termination Payouts2%240$7,175$1,721,994
Tips/Directors Fees etc22%3,385$2,568$8,693,069
Business Income9%1,350$16,181$21,843,830
Foreign Income4%680$254$172,759
Government payments6%915$4,847$4,434,782
Government pensions5%755$8,401$6,342,781
Total Income or Loss100%15,225$50,605$770,458,631
Charitable Gifts40%6,170$222$1,371,296
Cost of Tax Affairs52%7,985$259$2,070,578
Work Car expenses32%4,850$2,150$10,428,773
Work Travel expenses10%1,535$1,485$2,279,216
Self Education expenses4%660$1,524$1,005,924
Total Deductions84%12,870$2,621$33,735,600
Taxable Income99%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.