Every year the Australian Tax Office publishes data from income tax returns and other aspects of the taxation system. Data for 2012-13 have recently been released in the latest edition of Taxation statistics .
2. Every year theAustralian Tax Office publishes data from income
tax returns and other aspects of the taxation system.
Data for 2012-13 has recently been released in the latest edition
of Taxation statistics
The charts in these slides highlight some of the tax data that is
available in this electronic resource.
1
www.ato.gov.au/About-ATO/Research-and-statistics
Taxation statistics
3. How much did individuals in each
income tax bracket pay in tax?
2
One third of personal income tax was paid by individuals with taxable
income below $80,000, while two thirds was paid by those with taxable
income above $80,000
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
$18,200 or less $18,201 to $37,000 $37,001 to $80,000 $80,001 to $180,000 Over $180,000
Per centPer cent
Taxable income
Share of individuals lodging a tax return Share of net income tax
4. What were the sources of income for
superannuation funds?
3
Around 60 per cent of superannuation income was from employer and
employee contributions (the blue areas) and 40 per cent was from
investment earnings (the red areas)
Net capital gains
1.4%
Rent
3.2%
Gross interest
6.5%
Net foreign
income
6.7%
Dividends
10.9%
Trust income
10.4%
Salary sacrifice
7.3%
Employer
contributions
(excl. salary
sacrifice)
49.6%
Assessable
personal
contributions
3.7%
Other
0.3%
5. How much company income tax is paid
by companies of different sizes?
Around 60 per cent of company income tax was paid by companies with
income of $250 million or more
4
Less than $2m
709,185 companies
11.3% of tax
$2m to $10m
54,860 companies
9.9% of tax
$10m to $100m
14,510 companies
12.1% of tax
$100m to $250m
1,130 companies
4.4% of tax
$250m or more
1,040 companies
60% of tax
Other
71,135 companies
0.3% of tax
6. Who claimed franking credits?
5
Australian companies issued franking credits of $43.5 billion, which were generally
received (sometimes via a trust) by other companies, superannuation funds,
individuals and foreigners
Franking credits are credits that Australian
shareholders can apply against their
tax liability for the tax paid by
a company
Companies
$43.5 billion
Franking credits
issued
Trusts
$10b
SMSFs
$2.7b
APRA
funds
$3.6b
Overseas
& other
$15.6b
Individuals
$13.2b
7. Notes
Source: Australian Taxation Office, Taxation Statistics 2012-13. Data is based on tax returns processed by 31
October 2014.
Slide 3. Investment earnings excludes exempt current pension income.
Slide 4. Total income is used as a measure of company size. Non-resident companies are not shown in the pie chart
but are included in the percentage calculations. 'Other' includes companies classified as a co-operative, registered
organisation, non-profit, strata title, pooled development fund, limited partnership, corporate unit trust or a public
trading unit trust.
Slide 5. ‘Overseas and other’ is a residual amount, of which the majority will be payments to foreigners who cannot
utilise the credits to offset Australian company tax paid. In addition, some companies report on alternative income
years (e.g. calendar year), so some franking credits may appear in the previous or following income year of the
recipient. ‘Trusts’ includes around $0.1 billion paid to partnerships. Franking credits paid by trusts and partnerships
to other trusts and partnerships have been netted out. For franking credits paid to SMSFs, the split of the total ($2.7
billion) between direct payment from companies and indirect payment through trusts has been imputed from
historical data. The $8.9 billion claimed by Australian companies includes $2.4 billion from ‘Trusts’ distributions.
