TaxStats for postcode 3840 FY2013

Postcode 3840 includes Driffield, Hazelwood, Hazelwood North, Hazelwood North, Hazelwood South, Hazelwood South, Jeeralang, Jeeralang, Jeeralang Junction, Jeeralang Junction, Maryvale, Maryvale, Morwell, Morwell in Victoria, and is in the federal electorate of Gippsland.

In FY 2013 the ATO recorded 7,775 individuals in postcode 3840. Of these people, 7,740 made a taxable income or loss. 6,030 of the population paid a gross amount of tax. After tax offsets, 5,465 people actually paid a net amount of tax. There were 2,275 non-taxable people who paid net tax of $0.

Compare TaxStats of 3840 with VIC

3840 TaxStats FY2013%Ppl#Ppl3840
Total Individuals100%7,775
Salary or Wage 82%6,345$50,262$318,914,056
Gross Interest50%3,875$1,777$6,885,978
Unfranked Dividends10%785$1,391$1,092,124
Franked Dividends21%1,660$4,105$6,814,202
Dividend Franking Credit21%1,660$1,758$2,918,055
Capital Gains3%265$6,020$1,595,374
Termination Payouts5%370$12,274$4,541,562
Tips/Directors Fees etc23%1,815$2,016$3,659,305
Business Income6%480$13,406$6,434,984
Foreign Income5%350$279$97,563
Government payments11%875$5,850$5,118,642
Government pensions7%545$10,084$5,495,996
Total Income or Loss100%7,760$49,584$384,768,660
Charitable Gifts48%3,710$186$691,862
Cost of Tax Affairs50%3,900$244$952,355
Work Car expenses30%2,295$2,046$4,695,750
Work Travel expenses9%670$1,479$990,694
Self Education expenses4%320$1,618$517,748
Total Deductions82%6,365$2,340$14,894,118
Taxable Income100%7,740$47,740$369,509,021
Medicare Levy 67%5,240$939$4,919,311
Medicare Surcharge 2%185$1,355$250,709
Gross Tax 78%6,030$11,602$69,960,808
Net Tax 70%5,465$13,057$71,355,962
Average Tax 100%7,775 $9,178$71,355,962
Gross Tax Rate 78%6,030 24%$69,960,808
Net Tax Rate 70%5,465 27%$71,355,962
Average Tax Rate 100%7,775 19%$71,355,962
%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 $47,740. It is estimated that the average taxable income for people who paid a net amount of tax was $62618.

The average net tax paid was $13,057. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 5,240 people for an average of $939. 185 people paid $1,355 on average more for the Medicare surcharge.

6,345 people earned a salary or wage and took home an average of $50,262 each.

Government allowance and payments were collected by 875 people for on average $5,850. 545 people received the pension or other allowance.

Charitable gifts and donations of an average of $186 were made by 3,710 people.

The costs of tax affairs for 3,900 people were claimed for $244 each.