TaxStats for postcode 3666 FY2013

Postcode 3666 includes Balmattum, Creighton, Creightons Creek, Euroa, Gooram, Kelvin View, Kithbrook, Longwood East, Miepoll, Moglonemby, Molka, Pranjip, Riggs Creek, Ruffy, Sheans Creek, Strathbogie, Tarcombe in Victoria, and is in the federal electorate of Murray.

In FY 2013 the ATO recorded 2,570 individuals in postcode 3666. Of these people, 2,535 made a taxable income or loss. 1,870 of the population paid a gross amount of tax. After tax offsets, 1,600 people actually paid a net amount of tax. There were 935 non-taxable people who paid net tax of $0.

Compare TaxStats of 3666 with VIC

3666 TaxStats FY2013%Ppl#Ppl3666
Total Individuals100%2,570
Salary or Wage 67%1,720$40,988$70,499,549
Gross Interest61%1,580$2,796$4,418,372
Unfranked Dividends16%415$559$232,150
Franked Dividends28%725$6,434$4,664,529
Dividend Franking Credit28%720$2,776$1,998,698
Capital Gains4%110$10,608$1,166,931
Termination Payouts1%35$12,368$432,887
Tips/Directors Fees etc20%505$2,467$1,245,608
Business Income13%345$5,522$1,905,096
Foreign Income5%140$836$116,999
Government payments7%180$6,300$1,134,004
Government pensions11%275$9,561$2,629,352
Total Income or Loss100%2,560$40,283$103,123,701
Charitable Gifts35%895$363$324,952
Cost of Tax Affairs45%1,150$307$353,043
Work Car expenses21%540$2,349$1,268,390
Work Travel expenses6%160$1,463$234,124
Self Education expenses3%80$1,682$134,538
Total Deductions75%1,925$2,502$4,816,487
Taxable Income99%2,535$38,492$97,577,756
Medicare Levy 59%1,510$824$1,243,620
Medicare Surcharge 1%20$1,341$26,819
Gross Tax 73%1,870$8,820$16,493,716
Net Tax 62%1,600$10,122$16,195,426
Average Tax 100%2,570 $6,302$16,195,426
Gross Tax Rate 73%1,870 23%$16,493,716
Net Tax Rate 62%1,600 26%$16,195,426
Average Tax Rate 100%2,570 16%$16,195,426
%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 $38,492. It is estimated that the average taxable income for people who paid a net amount of tax was $53974.

The average net tax paid was $10,122. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 1,510 people for an average of $824. 20 people paid $1,341 on average more for the Medicare surcharge.

1,720 people earned a salary or wage and took home an average of $40,988 each.

Government allowance and payments were collected by 180 people for on average $6,300. 275 people received the pension or other allowance.

Charitable gifts and donations of an average of $363 were made by 895 people.

The costs of tax affairs for 1,150 people were claimed for $307 each.