TaxStats for postcode 3704 FY2013

Postcode 3704 includes Koetong in Victoria, and is in the federal electorate of Indi.

In FY 2013 the ATO recorded 25 individuals in postcode 3704. Of these people, 25 made a taxable income or loss. 15 of the population paid a gross amount of tax. After tax offsets, 10 people actually paid a net amount of tax. There were 15 non-taxable people who paid net tax of $0.

Compare TaxStats of 3704 with VIC

3704 TaxStats FY2013%Ppl#Ppl3704
Avg
3704
Total
Total Individuals100%25
Income
Salary or Wage 60%15$33,692$505,376
Gross Interest40%10$1,138$11,385
Unfranked Dividends20%5$211$1,055
Franked Dividends20%5$444$2,218
Dividend Franking Credit20%5$190$949
Capital Gains%0$$0
Termination Payouts20%5$227$1,134
Tips/Directors Fees etc20%5$212$1,059
Business Income20%5$4,305$21,525
Foreign Income20%5$26$132
Government payments20%5$3,840$19,198
Government pensions20%5$2,887$14,436
Total Income or Loss100%25$27,437$685,933
Deducations
Charitable Gifts20%5$212$1,060
Cost of Tax Affairs20%5$487$2,434
Work Car expenses20%5$1,061$5,306
Work Travel expenses20%5$10$50
Self Education expenses%0$$0
Total Deductions60%15$3,082$46,229
Taxation
Taxable Income100%25$25,588$639,704
Medicare Levy 40%10$626$6,259
Medicare Surcharge %0$$0
Gross Tax 60%15$8,039$120,590
Net Tax 40%10$8,896$88,960
Average Tax 100%25 $3,558$88,960
Gross Tax Rate 60%15 31%$120,590
Net Tax Rate 40%10 35%$88,960
Average Tax Rate 100%25 14%$88,960
%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 $25,588. It is estimated that the average taxable income for people who paid a net amount of tax was $45970.

The average net tax paid was $8,896. This equates to an average tax of 35 cents in the dollar on taxable income.

The Medicare levy was paid by 10 people for an average of $626.

15 people earned a salary or wage and took home an average of $33,692 each.

Government allowance and payments were collected by 5 people for on average $3,840. 5 people received the pension or other allowance.

Charitable gifts and donations of an average of $212 were made by 5 people.

The costs of tax affairs for 5 people were claimed for $487 each.