TaxStats for postcode 3851 FY2013

Postcode 3851 includes Airly, Airly, Bundalaguah, Bundalaguah, Clydebank, Clydebank, Cobains, Cobains, Darriman, Darriman, Dutson, Dutson, Dutson Downs, Dutson Downs, Flamingo Beach, Flamingo Beach, Fulham, Fulham, Giffard, Giffard, Giffard West, Giffard West, Glomar Beach, Glomar Beach, Golden Beach, Golden Beach, Kilmany, Kilmany, Lake Wellington, Lake Wellington, Loch Sport, Loch Sport, Longford, Longford, Montgomery, Montgomery, Myrtlebank, Myrtlebank, Paradise Beach, Paradise Beach, Pearsondale, Pearsondale, Seacombe, Seacombe, Seaspray, Seaspray, Somerton Park, Stradbroke, Stradbroke, The Heart, The Heart, The Honeysuckles, The Honeysuckles in Victoria, and is in the federal electorate of Gippsland.

In FY 2013 the ATO recorded 2,265 individuals in postcode 3851. Of these people, 2,240 made a taxable income or loss. 1,675 of the population paid a gross amount of tax. After tax offsets, 1,465 people actually paid a net amount of tax. There were 775 non-taxable people who paid net tax of $0.

Compare TaxStats of 3851 with VIC

3851 TaxStats FY2013%Ppl#Ppl3851
Total Individuals100%2,265
Salary or Wage 70%1,595$55,896$89,154,163
Gross Interest57%1,295$1,942$2,514,337
Unfranked Dividends13%300$570$170,974
Franked Dividends25%570$3,698$2,107,605
Dividend Franking Credit25%565$1,598$903,011
Capital Gains5%120$14,178$1,701,321
Termination Payouts2%55$19,915$1,095,349
Tips/Directors Fees etc21%485$2,779$1,347,959
Business Income12%280$617$172,748
Foreign Income7%155$196$30,374
Government payments7%165$5,779$953,462
Government pensions7%165$9,600$1,584,006
Total Income or Loss100%2,255$48,942$110,363,428
Charitable Gifts34%765$200$152,677
Cost of Tax Affairs45%1,010$401$404,671
Work Car expenses32%725$2,368$1,716,563
Work Travel expenses10%235$1,502$353,057
Self Education expenses4%95$2,296$218,103
Total Deductions77%1,745$3,198$5,580,831
Taxable Income99%2,240$46,678$104,558,069
Medicare Levy 61%1,390$1,012$1,406,080
Medicare Surcharge 3%65$1,580$102,728
Gross Tax 74%1,675$12,919$21,638,517
Net Tax 65%1,465$14,660$21,476,457
Average Tax 100%2,265 $9,482$21,476,457
Gross Tax Rate 74%1,675 28%$21,638,517
Net Tax Rate 65%1,465 31%$21,476,457
Average Tax Rate 100%2,265 20%$21,476,457
%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 $46,678. It is estimated that the average taxable income for people who paid a net amount of tax was $65023.

The average net tax paid was $14,660. This equates to an average tax of 31 cents in the dollar on taxable income.

The Medicare levy was paid by 1,390 people for an average of $1,012. 65 people paid $1,580 on average more for the Medicare surcharge.

1,595 people earned a salary or wage and took home an average of $55,896 each.

Government allowance and payments were collected by 165 people for on average $5,779. 165 people received the pension or other allowance.

Charitable gifts and donations of an average of $200 were made by 765 people.

The costs of tax affairs for 1,010 people were claimed for $401 each.