TaxStats for postcode 3944 FY2013

Postcode 3944 includes Portsea in Victoria, and is in the federal electorate of Flinders.

In FY 2013 the ATO recorded 400 individuals in postcode 3944. Of these people, 390 made a taxable income or loss. 305 of the population paid a gross amount of tax. After tax offsets, 280 people actually paid a net amount of tax. There were 110 non-taxable people who paid net tax of $0.

Compare TaxStats of 3944 with VIC

3944 TaxStats FY2013%Ppl#Ppl3944
Total Individuals100%400
Salary or Wage 42%170$63,615$10,814,523
Gross Interest71%285$11,248$3,205,724
Unfranked Dividends26%105$4,597$482,693
Franked Dividends52%210$43,844$9,207,223
Dividend Franking Credit52%210$18,785$3,944,789
Capital Gains12%50$122,029$6,101,434
Termination Payouts1%5$44,142$220,708
Tips/Directors Fees etc9%35$20,802$728,068
Business Income10%40$773$30,924
Foreign Income12%50$14,684$734,193
Government payments1%5$2,563$12,814
Government pensions5%20$9,464$189,276
Total Income or Loss99%395$151,394$59,800,609
Charitable Gifts36%145$7,882$1,142,904
Cost of Tax Affairs44%175$3,589$628,025
Work Car expenses11%45$3,744$168,496
Work Travel expenses4%15$2,111$31,671
Self Education expenses1%5$2,743$13,717
Total Deductions78%310$12,977$4,022,925
Taxable Income98%390$142,003$55,381,168
Medicare Levy 68%270$2,941$794,100
Medicare Surcharge 1%5$2,121$10,604
Gross Tax 76%305$62,928$19,193,150
Net Tax 70%280$69,630$19,496,490
Average Tax 100%400 $48,741$19,496,490
Gross Tax Rate 76%305 44%$19,193,150
Net Tax Rate 70%280 49%$19,496,490
Average Tax Rate 100%400 34%$19,496,490
%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 $142,003. It is estimated that the average taxable income for people who paid a net amount of tax was $193076.

The average net tax paid was $69,630. This equates to an average tax of 49 cents in the dollar on taxable income.

The Medicare levy was paid by 270 people for an average of $2,941. 5 people paid $2,121 on average more for the Medicare surcharge.

170 people earned a salary or wage and took home an average of $63,615 each.

Government allowance and payments were collected by 5 people for on average $2,563. 20 people received the pension or other allowance.

Charitable gifts and donations of an average of $7,882 were made by 145 people.

The costs of tax affairs for 175 people were claimed for $3,589 each.