TaxStats for postcode 3977 FY2013
Postcode 3977 includes Botanic Ridge, Cannons Creek, Cranbourne, Cranbourne East, Cranbourne North, Cranbourne South, Cranbourne West, Devon Meadows, Devon Meadows, Five Ways, Junction Village, Junction Village, Sandhurst, Skye in Victoria, and is in the federal electorate of Flinders.
In FY 2013 the ATO recorded 40,820 individuals in postcode 3977. Of these people, 40,640 made a taxable income or loss. 34,350 of the population paid a gross amount of tax. After tax offsets, 31,930 people actually paid a net amount of tax. There were 8,710 non-taxable people who paid net tax of $0.
Compare TaxStats of 3977 with VIC
| 3977 TaxStats FY2013 | %Ppl | #Ppl | 3977 Avg | 3977 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 40,820 | ||
| Income | ||||
| Salary or Wage | 87% | 35,455 | $48,583 | $1,722,502,732 |
| Gross Interest | 45% | 18,475 | $1,143 | $21,108,937 |
| Unfranked Dividends | 4% | 1,675 | $889 | $1,489,209 |
| Franked Dividends | 11% | 4,640 | $3,637 | $16,876,871 |
| Dividend Franking Credit | 11% | 4,620 | $1,565 | $7,229,066 |
| Capital Gains | 2% | 725 | $11,421 | $8,280,386 |
| Termination Payouts | 2% | 890 | $8,028 | $7,144,942 |
| Tips/Directors Fees etc | 22% | 9,105 | $3,059 | $27,853,227 |
| Business Income | 8% | 3,460 | $14,789 | $51,171,559 |
| Foreign Income | 2% | 655 | $1,156 | $757,408 |
| Government payments | 7% | 2,970 | $4,975 | $14,776,698 |
| Government pensions | 4% | 1,785 | $9,309 | $16,616,684 |
| Total Income or Loss | 100% | 40,665 | $48,911 | $1,988,953,680 |
| Deducations | ||||
| Charitable Gifts | 41% | 16,745 | $237 | $3,968,762 |
| Cost of Tax Affairs | 55% | 22,440 | $230 | $5,159,381 |
| Work Car expenses | 35% | 14,375 | $2,774 | $39,875,659 |
| Work Travel expenses | 12% | 4,765 | $1,346 | $6,414,162 |
| Self Education expenses | 5% | 2,010 | $1,768 | $3,553,079 |
| Total Deductions | 86% | 35,145 | $2,849 | $100,116,930 |
| Taxation | ||||
| Taxable Income | 100% | 40,640 | $46,443 | $1,887,429,711 |
| Medicare Levy | 75% | 30,500 | $836 | $25,506,687 |
| Medicare Surcharge | 1% | 350 | $1,203 | $420,917 |
| Gross Tax | 84% | 34,350 | $9,560 | $328,395,796 |
| Net Tax | 78% | 31,930 | $10,610 | $338,770,491 |
| Average Tax | 100% | 40,820 | $8,299 | $338,770,491 |
| Gross Tax Rate | 84% | 34,350 | 21% | $328,395,796 |
| Net Tax Rate | 78% | 31,930 | 23% | $338,770,491 |
| Average Tax Rate | 100% | 40,820 | 18% | $338,770,491 |
| %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 $46,443. It is estimated that the average taxable income for people who paid a net amount of tax was $55838.
The average net tax paid was $10,610. This equates to an average tax of 23 cents in the dollar on taxable income.
The Medicare levy was paid by 30,500 people for an average of $836. 350 people paid $1,203 on average more for the Medicare surcharge.
35,455 people earned a salary or wage and took home an average of $48,583 each.
Government allowance and payments were collected by 2,970 people for on average $4,975. 1,785 people received the pension or other allowance.
Charitable gifts and donations of an average of $237 were made by 16,745 people.
The costs of tax affairs for 22,440 people were claimed for $230 each.