TaxStats for postcode 3943 FY2013

Postcode 3943 includes Sorrento in Victoria, and is in the federal electorate of Flinders.

In FY 2013 the ATO recorded 1,010 individuals in postcode 3943. Of these people, 1,000 made a taxable income or loss. 740 of the population paid a gross amount of tax. After tax offsets, 620 people actually paid a net amount of tax. There were 380 non-taxable people who paid net tax of $0.

Compare TaxStats of 3943 with VIC

3943 TaxStats FY2013%Ppl#Ppl3943
Avg
3943
Total
Total Individuals100%1,010
Income
Salary or Wage 46%460$47,023$21,630,401
Gross Interest68%685$5,492$3,761,734
Unfranked Dividends19%190$1,478$280,900
Franked Dividends47%475$19,201$9,120,404
Dividend Franking Credit47%470$8,315$3,907,937
Capital Gains10%100$35,941$3,594,055
Termination Payouts0%5$13,691$68,456
Tips/Directors Fees etc9%90$7,656$689,008
Business Income14%140$23,387$3,274,180
Foreign Income9%95$3,179$301,984
Government payments4%40$6,674$266,953
Government pensions10%100$9,884$988,378
Total Income or Loss100%1,005$70,803$71,157,220
Deducations
Charitable Gifts31%315$4,412$1,389,684
Cost of Tax Affairs49%495$1,370$678,245
Work Car expenses13%135$3,679$496,651
Work Travel expenses5%50$3,038$151,888
Self Education expenses1%15$1,116$16,739
Total Deductions75%760$6,862$5,215,214
Taxation
Taxable Income99%1,000$65,376$65,375,813
Medicare Levy 59%600$1,486$891,314
Medicare Surcharge 0%5$1,187$5,934
Gross Tax 73%740$23,516$17,401,917
Net Tax 61%620$28,477$17,656,017
Average Tax 100%1,010 $17,481$17,656,017
Gross Tax Rate 73%740 36%$17,401,917
Net Tax Rate 61%620 44%$17,656,017
Average Tax Rate 100%1,010 27%$17,656,017
%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 $65,376. It is estimated that the average taxable income for people who paid a net amount of tax was $98090.

The average net tax paid was $28,477. This equates to an average tax of 44 cents in the dollar on taxable income.

The Medicare levy was paid by 600 people for an average of $1,486. 5 people paid $1,187 on average more for the Medicare surcharge.

460 people earned a salary or wage and took home an average of $47,023 each.

Government allowance and payments were collected by 40 people for on average $6,674. 100 people received the pension or other allowance.

Charitable gifts and donations of an average of $4,412 were made by 315 people.

The costs of tax affairs for 495 people were claimed for $1,370 each.