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#Ppl3977
Total Individuals100%40,820
Salary or Wage 87%35,455$48,583$1,722,502,732
Gross Interest45%18,475$1,143$21,108,937
Unfranked Dividends4%1,675$889$1,489,209
Franked Dividends11%4,640$3,637$16,876,871
Dividend Franking Credit11%4,620$1,565$7,229,066
Capital Gains2%725$11,421$8,280,386
Termination Payouts2%890$8,028$7,144,942
Tips/Directors Fees etc22%9,105$3,059$27,853,227
Business Income8%3,460$14,789$51,171,559
Foreign Income2%655$1,156$757,408
Government payments7%2,970$4,975$14,776,698
Government pensions4%1,785$9,309$16,616,684
Total Income or Loss100%40,665$48,911$1,988,953,680
Charitable Gifts41%16,745$237$3,968,762
Cost of Tax Affairs55%22,440$230$5,159,381
Work Car expenses35%14,375$2,774$39,875,659
Work Travel expenses12%4,765$1,346$6,414,162
Self Education expenses5%2,010$1,768$3,553,079
Total Deductions86%35,145$2,849$100,116,930
Taxable Income100%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.