TaxStats for postcode 3737 FY2013

Postcode 3737 includes Abbeyard, Barwidgee, Buffalo River, Dandongadale, Gapsted, Havilah, Merriang, Merriang South, Mudgegonga, Myrtleford, Nug Nug, Rosewhite, Selwyn, Wonnangatta in Victoria, and is in the federal electorate of Indi.

In FY 2013 the ATO recorded 2,445 individuals in postcode 3737. Of these people, 2,420 made a taxable income or loss. 1,825 of the population paid a gross amount of tax. After tax offsets, 1,620 people actually paid a net amount of tax. There were 800 non-taxable people who paid net tax of $0.

Compare TaxStats of 3737 with VIC

3737 TaxStats FY2013%Ppl#Ppl3737
Avg
3737
Total
Total Individuals100%2,445
Income
Salary or Wage 75%1,825$42,639$77,816,707
Gross Interest64%1,570$2,252$3,535,012
Unfranked Dividends13%330$611$201,530
Franked Dividends26%625$3,560$2,224,988
Dividend Franking Credit26%625$1,526$954,001
Capital Gains4%110$4,878$536,614
Termination Payouts1%25$3,854$96,351
Tips/Directors Fees etc22%545$1,416$771,968
Business Income9%230$9,569$2,200,831
Foreign Income5%130$162$21,058
Government payments8%190$5,589$1,061,990
Government pensions8%185$9,585$1,773,191
Total Income or Loss99%2,430$41,179$100,065,332
Deducations
Charitable Gifts30%725$198$143,326
Cost of Tax Affairs46%1,125$267$300,132
Work Car expenses25%600$2,073$1,244,049
Work Travel expenses7%170$2,437$414,249
Self Education expenses4%95$1,944$184,720
Total Deductions78%1,900$2,528$4,803,980
Taxation
Taxable Income99%2,420$39,238$94,956,231
Medicare Levy 63%1,540$794$1,223,222
Medicare Surcharge 1%35$1,122$39,257
Gross Tax 75%1,825$8,444$15,410,109
Net Tax 66%1,620$9,669$15,663,493
Average Tax 100%2,445 $6,406$15,663,493
Gross Tax Rate 75%1,825 22%$15,410,109
Net Tax Rate 66%1,620 25%$15,663,493
Average Tax Rate 100%2,445 16%$15,663,493
%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 $39,238. It is estimated that the average taxable income for people who paid a net amount of tax was $52689.

The average net tax paid was $9,669. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 1,540 people for an average of $794. 35 people paid $1,122 on average more for the Medicare surcharge.

1,825 people earned a salary or wage and took home an average of $42,639 each.

Government allowance and payments were collected by 190 people for on average $5,589. 185 people received the pension or other allowance.

Charitable gifts and donations of an average of $198 were made by 725 people.

The costs of tax affairs for 1,125 people were claimed for $267 each.