TaxStats for postcode 3951 FY2013
Postcode 3951 includes Arawata, Fairbank, Jumbunna, Kardella, Kongwak, Moyarra, Outtrim, Ranceby in Victoria, and is in the federal electorate of McMillan.
In FY 2013 the ATO recorded 605 individuals in postcode 3951. Of these people, 595 made a taxable income or loss. 415 of the population paid a gross amount of tax. After tax offsets, 365 people actually paid a net amount of tax. There were 230 non-taxable people who paid net tax of $0.
Compare TaxStats of 3951 with VIC
| 3951 TaxStats FY2013 | %Ppl | #Ppl | 3951 Avg | 3951 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 605 | ||
| Income | ||||
| Salary or Wage | 60% | 365 | $41,113 | $15,006,342 |
| Gross Interest | 58% | 350 | $2,519 | $881,697 |
| Unfranked Dividends | 21% | 125 | $1,229 | $153,631 |
| Franked Dividends | 30% | 180 | $3,073 | $553,222 |
| Dividend Franking Credit | 29% | 175 | $1,354 | $237,037 |
| Capital Gains | 5% | 30 | $16,485 | $494,541 |
| Termination Payouts | 2% | 10 | $9,036 | $90,360 |
| Tips/Directors Fees etc | 21% | 125 | $2,316 | $289,514 |
| Business Income | 14% | 85 | $7,123 | $605,419 |
| Foreign Income | 6% | 35 | $76 | $2,670 |
| Government payments | 7% | 40 | $5,487 | $219,483 |
| Government pensions | 6% | 35 | $9,848 | $344,692 |
| Total Income or Loss | 98% | 595 | $36,742 | $21,861,310 |
| Deducations | ||||
| Charitable Gifts | 29% | 175 | $302 | $52,835 |
| Cost of Tax Affairs | 39% | 235 | $340 | $79,801 |
| Work Car expenses | 18% | 110 | $2,619 | $288,121 |
| Work Travel expenses | 5% | 30 | $1,978 | $59,352 |
| Self Education expenses | 2% | 15 | $2,375 | $35,629 |
| Total Deductions | 68% | 410 | $2,570 | $1,053,704 |
| Taxation | ||||
| Taxable Income | 98% | 595 | $34,795 | $20,703,306 |
| Medicare Levy | 55% | 335 | $786 | $263,194 |
| Medicare Surcharge | 2% | 10 | $1,096 | $10,962 |
| Gross Tax | 69% | 415 | $8,373 | $3,474,822 |
| Net Tax | 60% | 365 | $9,263 | $3,381,102 |
| Average Tax | 100% | 605 | $5,589 | $3,381,102 |
| Gross Tax Rate | 69% | 415 | 24% | $3,474,822 |
| Net Tax Rate | 60% | 365 | 27% | $3,381,102 |
| Average Tax Rate | 100% | 605 | 16% | $3,381,102 |
| %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 $34,795. It is estimated that the average taxable income for people who paid a net amount of tax was $49160.
The average net tax paid was $9,263. This equates to an average tax of 27 cents in the dollar on taxable income.
The Medicare levy was paid by 335 people for an average of $786. 10 people paid $1,096 on average more for the Medicare surcharge.
365 people earned a salary or wage and took home an average of $41,113 each.
Government allowance and payments were collected by 40 people for on average $5,487. 35 people received the pension or other allowance.
Charitable gifts and donations of an average of $302 were made by 175 people.
The costs of tax affairs for 235 people were claimed for $340 each.