TaxStats for postcode 3937 FY2013

Postcode 3937 includes Red Hill, Red Hill South in Victoria, and is in the federal electorate of Flinders.

In FY 2013 the ATO recorded 1,090 individuals in postcode 3937. Of these people, 1,080 made a taxable income or loss. 830 of the population paid a gross amount of tax. After tax offsets, 745 people actually paid a net amount of tax. There were 335 non-taxable people who paid net tax of $0.

Compare TaxStats of 3937 with VIC

3937 TaxStats FY2013%Ppl#Ppl3937
Total Individuals100%1,090
Salary or Wage 61%670$51,481$34,492,271
Gross Interest67%730$2,722$1,987,220
Unfranked Dividends15%160$1,161$185,800
Franked Dividends37%405$17,153$6,946,909
Dividend Franking Credit37%405$7,351$2,976,960
Capital Gains9%95$12,156$1,154,814
Termination Payouts1%10$9,032$90,324
Tips/Directors Fees etc15%160$5,357$857,101
Business Income15%165$17,391$2,869,595
Foreign Income11%115$2,866$329,623
Government payments5%50$5,472$273,604
Government pensions4%40$8,830$353,192
Total Income or Loss100%1,090$63,088$68,766,184
Charitable Gifts33%355$808$286,733
Cost of Tax Affairs47%515$495$255,078
Work Car expenses21%225$2,264$509,415
Work Travel expenses7%80$850$67,968
Self Education expenses2%20$3,282$65,641
Total Deductions76%830$4,299$3,568,279
Taxable Income99%1,080$60,066$64,871,757
Medicare Levy 66%715$1,233$881,393
Medicare Surcharge 1%10$1,482$14,822
Gross Tax 76%830$18,899$15,686,195
Net Tax 68%745$21,344$15,901,302
Average Tax 100%1,090 $14,588$15,901,302
Gross Tax Rate 76%830 31%$15,686,195
Net Tax Rate 68%745 36%$15,901,302
Average Tax Rate 100%1,090 24%$15,901,302
%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 $60,066. It is estimated that the average taxable income for people who paid a net amount of tax was $81680.

The average net tax paid was $21,344. This equates to an average tax of 36 cents in the dollar on taxable income.

The Medicare levy was paid by 715 people for an average of $1,233. 10 people paid $1,482 on average more for the Medicare surcharge.

670 people earned a salary or wage and took home an average of $51,481 each.

Government allowance and payments were collected by 50 people for on average $5,472. 40 people received the pension or other allowance.

Charitable gifts and donations of an average of $808 were made by 355 people.

The costs of tax affairs for 515 people were claimed for $495 each.