TaxStats for postcode 3975 FY2013

Postcode 3975 includes Lynbrook, Lyndhurst in Victoria, and is in the federal electorate of Holt.

In FY 2013 the ATO recorded 7,280 individuals in postcode 3975. Of these people, 7,250 made a taxable income or loss. 6,170 of the population paid a gross amount of tax. After tax offsets, 5,860 people actually paid a net amount of tax. There were 1,390 non-taxable people who paid net tax of $0.

Compare TaxStats of 3975 with VIC

3975 TaxStats FY2013%Ppl#Ppl3975
Total Individuals100%7,280
Salary or Wage 89%6,490$51,870$336,636,276
Gross Interest44%3,200$704$2,252,907
Unfranked Dividends3%215$260$55,988
Franked Dividends9%690$2,492$1,719,601
Dividend Franking Credit9%685$1,075$736,619
Capital Gains2%130$8,093$1,052,149
Termination Payouts2%150$9,240$1,385,930
Tips/Directors Fees etc22%1,605$3,168$5,084,566
Business Income9%665$16,930$11,258,549
Foreign Income1%90$519$46,734
Government payments6%405$4,608$1,866,081
Government pensions2%150$8,592$1,288,793
Total Income or Loss100%7,250$51,141$370,774,573
Charitable Gifts41%3,015$301$906,571
Cost of Tax Affairs56%4,050$208$843,692
Work Car expenses35%2,575$2,701$6,954,816
Work Travel expenses12%900$1,167$1,050,633
Self Education expenses6%415$1,950$809,161
Total Deductions86%6,255$2,917$18,243,822
Taxable Income100%7,250$48,613$352,441,021
Medicare Levy 77%5,605$860$4,821,661
Medicare Surcharge 1%100$1,067$106,724
Gross Tax 85%6,170$10,168$62,734,605
Net Tax 80%5,860$11,138$65,271,588
Average Tax 100%7,280 $8,966$65,271,588
Gross Tax Rate 85%6,170 21%$62,734,605
Net Tax Rate 80%5,860 23%$65,271,588
Average Tax Rate 100%7,280 18%$65,271,588
%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 $48,613. It is estimated that the average taxable income for people who paid a net amount of tax was $57297.

The average net tax paid was $11,138. This equates to an average tax of 23 cents in the dollar on taxable income.

The Medicare levy was paid by 5,605 people for an average of $860. 100 people paid $1,067 on average more for the Medicare surcharge.

6,490 people earned a salary or wage and took home an average of $51,870 each.

Government allowance and payments were collected by 405 people for on average $4,608. 150 people received the pension or other allowance.

Charitable gifts and donations of an average of $301 were made by 3,015 people.

The costs of tax affairs for 4,050 people were claimed for $208 each.