TaxStats for postcode 3568 FY2013

Postcode 3568 includes Burkes Bridge, Cohuna, Cullen, Daltons Bridge, Gannawarra, Keely, Macorna North, Mcmillans, Mead, Mincha West, Wee Wee Rup in Victoria, and is in the federal electorate of Mallee.

In FY 2013 the ATO recorded 1,565 individuals in postcode 3568. Of these people, 1,545 made a taxable income or loss. 1,195 of the population paid a gross amount of tax. After tax offsets, 1,055 people actually paid a net amount of tax. There were 490 non-taxable people who paid net tax of $0.

Compare TaxStats of 3568 with VIC

3568 TaxStats FY2013%Ppl#Ppl3568
Total Individuals100%1,565
Salary or Wage 68%1,070$40,365$43,190,038
Gross Interest63%990$2,972$2,941,797
Unfranked Dividends23%365$1,466$535,113
Franked Dividends31%480$3,863$1,854,192
Dividend Franking Credit31%480$1,655$794,363
Capital Gains6%95$9,036$858,374
Termination Payouts1%20$6,911$138,211
Tips/Directors Fees etc21%335$1,867$625,588
Business Income8%130$14,040$1,825,201
Foreign Income6%95$662$62,876
Government payments7%110$5,311$584,181
Government pensions7%115$8,667$996,678
Total Income or Loss100%1,560$41,031$64,008,443
Charitable Gifts26%410$165$67,703
Cost of Tax Affairs42%660$408$268,961
Work Car expenses21%330$1,996$658,555
Work Travel expenses7%110$3,075$338,255
Self Education expenses3%50$1,829$91,451
Total Deductions77%1,205$2,782$3,352,641
Taxable Income99%1,545$38,800$59,946,663
Medicare Levy 65%1,020$775$790,875
Medicare Surcharge 0%5$1,341$6,707
Gross Tax 76%1,195$8,398$10,036,169
Net Tax 67%1,055$9,430$9,948,451
Average Tax 100%1,565 $6,357$9,948,451
Gross Tax Rate 76%1,195 22%$10,036,169
Net Tax Rate 67%1,055 24%$9,948,451
Average Tax Rate 100%1,565 16%$9,948,451
%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 $38,800. It is estimated that the average taxable income for people who paid a net amount of tax was $51248.

The average net tax paid was $9,430. This equates to an average tax of 24 cents in the dollar on taxable income.

The Medicare levy was paid by 1,020 people for an average of $775. 5 people paid $1,341 on average more for the Medicare surcharge.

1,070 people earned a salary or wage and took home an average of $40,365 each.

Government allowance and payments were collected by 110 people for on average $5,311. 115 people received the pension or other allowance.

Charitable gifts and donations of an average of $165 were made by 410 people.

The costs of tax affairs for 660 people were claimed for $408 each.