TaxStats for postcode 3915 FY2013

Postcode 3915 includes Hastings, Hastings, Tuerong in Victoria, and is in the federal electorate of Flinders.

In FY 2013 the ATO recorded 4,305 individuals in postcode 3915. Of these people, 4,285 made a taxable income or loss. 3,440 of the population paid a gross amount of tax. After tax offsets, 3,075 people actually paid a net amount of tax. There were 1,210 non-taxable people who paid net tax of $0.

Compare TaxStats of 3915 with VIC

3915 TaxStats FY2013%Ppl#Ppl3915
Total Individuals100%4,305
Salary or Wage 81%3,500$44,432$155,513,026
Gross Interest46%2,000$1,475$2,949,521
Unfranked Dividends7%290$416$120,766
Franked Dividends15%645$4,860$3,134,546
Dividend Franking Credit15%645$2,079$1,340,838
Capital Gains3%135$11,982$1,617,598
Termination Payouts2%95$8,717$828,158
Tips/Directors Fees etc24%1,040$2,976$3,094,837
Business Income9%385$17,227$6,632,389
Foreign Income3%125$3,177$397,136
Government payments11%460$5,313$2,444,089
Government pensions8%340$9,441$3,210,007
Total Income or Loss100%4,290$45,843$196,665,122
Charitable Gifts37%1,575$195$307,055
Cost of Tax Affairs52%2,235$265$592,577
Work Car expenses34%1,455$2,692$3,916,459
Work Travel expenses9%400$1,389$555,768
Self Education expenses4%170$1,578$268,189
Total Deductions84%3,595$2,808$10,093,852
Taxable Income100%4,285$43,485$186,331,811
Medicare Levy 66%2,835$816$2,313,500
Medicare Surcharge 1%35$1,477$51,705
Gross Tax 80%3,440$9,231$31,755,403
Net Tax 71%3,075$10,238$31,482,509
Average Tax 100%4,305 $7,313$31,482,509
Gross Tax Rate 80%3,440 21%$31,755,403
Net Tax Rate 71%3,075 24%$31,482,509
Average Tax Rate 100%4,305 17%$31,482,509
%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 $43,485. It is estimated that the average taxable income for people who paid a net amount of tax was $55874.

The average net tax paid was $10,238. This equates to an average tax of 24 cents in the dollar on taxable income.

The Medicare levy was paid by 2,835 people for an average of $816. 35 people paid $1,477 on average more for the Medicare surcharge.

3,500 people earned a salary or wage and took home an average of $44,432 each.

Government allowance and payments were collected by 460 people for on average $5,313. 340 people received the pension or other allowance.

Charitable gifts and donations of an average of $195 were made by 1,575 people.

The costs of tax affairs for 2,235 people were claimed for $265 each.