TaxStats for postcode 3842 FY2013
Postcode 3842 includes Churchill, Churchill in Victoria, and is in the federal electorate of Gippsland.
In FY 2013 the ATO recorded 2,195 individuals in postcode 3842. Of these people, 2,185 made a taxable income or loss. 1,715 of the population paid a gross amount of tax. After tax offsets, 1,560 people actually paid a net amount of tax. There were 625 non-taxable people who paid net tax of $0.
Compare TaxStats of 3842 with VIC
| 3842 TaxStats FY2013 | %Ppl | #Ppl | 3842 Avg | 3842 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 2,195 | ||
| Income | ||||
| Salary or Wage | 85% | 1,865 | $49,756 | $92,795,444 |
| Gross Interest | 49% | 1,085 | $1,396 | $1,514,292 |
| Unfranked Dividends | 9% | 200 | $572 | $114,451 |
| Franked Dividends | 18% | 390 | $3,413 | $1,331,000 |
| Dividend Franking Credit | 18% | 390 | $1,463 | $570,452 |
| Capital Gains | 3% | 55 | $8,114 | $446,260 |
| Termination Payouts | 4% | 85 | $13,198 | $1,121,824 |
| Tips/Directors Fees etc | 23% | 515 | $1,722 | $886,898 |
| Business Income | 7% | 150 | $13,392 | $2,008,760 |
| Foreign Income | 4% | 80 | $219 | $17,499 |
| Government payments | 12% | 260 | $5,836 | $1,517,368 |
| Government pensions | 6% | 135 | $9,813 | $1,324,748 |
| Total Income or Loss | 100% | 2,185 | $49,877 | $108,980,921 |
| Deducations | ||||
| Charitable Gifts | 54% | 1,190 | $215 | $255,977 |
| Cost of Tax Affairs | 52% | 1,135 | $201 | $228,367 |
| Work Car expenses | 32% | 710 | $2,040 | $1,448,355 |
| Work Travel expenses | 10% | 230 | $1,523 | $350,381 |
| Self Education expenses | 6% | 135 | $1,737 | $234,514 |
| Total Deductions | 83% | 1,825 | $2,574 | $4,698,448 |
| Taxation | ||||
| Taxable Income | 100% | 2,185 | $47,720 | $104,268,169 |
| Medicare Levy | 68% | 1,485 | $935 | $1,388,855 |
| Medicare Surcharge | 2% | 50 | $1,291 | $64,572 |
| Gross Tax | 78% | 1,715 | $11,448 | $19,633,005 |
| Net Tax | 71% | 1,560 | $12,847 | $20,040,978 |
| Average Tax | 100% | 2,195 | $9,130 | $20,040,978 |
| Gross Tax Rate | 78% | 1,715 | 24% | $19,633,005 |
| Net Tax Rate | 71% | 1,560 | 27% | $20,040,978 |
| Average Tax Rate | 100% | 2,195 | 19% | $20,040,978 |
| %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 $47,720. It is estimated that the average taxable income for people who paid a net amount of tax was $62031.
The average net tax paid was $12,847. This equates to an average tax of 27 cents in the dollar on taxable income.
The Medicare levy was paid by 1,485 people for an average of $935. 50 people paid $1,291 on average more for the Medicare surcharge.
1,865 people earned a salary or wage and took home an average of $49,756 each.
Government allowance and payments were collected by 260 people for on average $5,836. 135 people received the pension or other allowance.
Charitable gifts and donations of an average of $215 were made by 1,190 people.
The costs of tax affairs for 1,135 people were claimed for $201 each.