TaxStats for postcode 3940 FY2013

Postcode 3940 includes Rosebud West in Victoria, and is in the federal electorate of Flinders.

In FY 2013 the ATO recorded 1,885 individuals in postcode 3940. Of these people, 1,875 made a taxable income or loss. 1,390 of the population paid a gross amount of tax. After tax offsets, 1,105 people actually paid a net amount of tax. There were 770 non-taxable people who paid net tax of $0.

Compare TaxStats of 3940 with VIC

3940 TaxStats FY2013%Ppl#Ppl3940
Avg
3940
Total
Total Individuals100%1,885
Income
Salary or Wage 60%1,135$38,556$43,761,367
Gross Interest54%1,010$4,153$4,194,510
Unfranked Dividends12%225$753$169,392
Franked Dividends29%555$7,230$4,012,670
Dividend Franking Credit29%555$3,094$1,717,235
Capital Gains6%110$10,531$1,158,438
Termination Payouts1%20$6,691$133,824
Tips/Directors Fees etc16%310$1,731$536,511
Business Income9%175$18,431$3,225,386
Foreign Income8%160$888$142,030
Government payments9%170$5,568$946,628
Government pensions18%330$10,015$3,305,105
Total Income or Loss100%1,880$37,753$70,975,128
Deducations
Charitable Gifts30%565$569$321,460
Cost of Tax Affairs50%940$285$268,232
Work Car expenses20%380$2,453$932,170
Work Travel expenses7%130$1,027$133,538
Self Education expenses3%65$1,457$94,688
Total Deductions77%1,445$2,048$2,959,011
Taxation
Taxable Income99%1,875$36,230$67,931,650
Medicare Levy 54%1,015$764$774,990
Medicare Surcharge 1%10$1,474$14,738
Gross Tax 74%1,390$7,369$10,243,282
Net Tax 59%1,105$8,921$9,858,231
Average Tax 100%1,885 $5,230$9,858,231
Gross Tax Rate 74%1,390 20%$10,243,282
Net Tax Rate 59%1,105 25%$9,858,231
Average Tax Rate 100%1,885 14%$9,858,231
%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 $36,230. It is estimated that the average taxable income for people who paid a net amount of tax was $53115.

The average net tax paid was $8,921. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 1,015 people for an average of $764. 10 people paid $1,474 on average more for the Medicare surcharge.

1,135 people earned a salary or wage and took home an average of $38,556 each.

Government allowance and payments were collected by 170 people for on average $5,568. 330 people received the pension or other allowance.

Charitable gifts and donations of an average of $569 were made by 565 people.

The costs of tax affairs for 940 people were claimed for $285 each.