TaxStats for postcode 2020 FY2013

Postcode 2020 includes Mascot, Mascot, Sydney Domestic Airport, Sydney International Airport in New South Wales, and is in the federal electorate of Kingsford Smith.

In FY 2013 the ATO recorded 7,510 individuals in postcode 2020. Of these people, 7,480 made a taxable income or loss. 6,315 of the population paid a gross amount of tax. After tax offsets, 5,935 people actually paid a net amount of tax. There were 1,545 non-taxable people who paid net tax of $0.

Compare TaxStats of 2020 with NSW

2020 TaxStats FY2013%Ppl#Ppl2020
Avg
2020
Total
Total Individuals100%7,510
Income
Salary or Wage 86%6,425$55,732$358,078,157
Gross Interest56%4,210$1,677$7,059,483
Unfranked Dividends4%330$523$172,494
Franked Dividends18%1,370$2,877$3,941,453
Dividend Franking Credit18%1,365$1,236$1,687,716
Capital Gains2%185$12,845$2,376,301
Termination Payouts2%130$13,825$1,797,278
Tips/Directors Fees etc20%1,500$4,471$6,706,087
Business Income8%630$18,351$11,561,047
Foreign Income3%200$1,063$212,617
Government payments5%380$5,073$1,927,603
Government pensions3%230$10,071$2,316,311
Total Income or Loss100%7,495$55,004$412,253,981
Deducations
Charitable Gifts37%2,755$408$1,124,694
Cost of Tax Affairs54%4,090$236$963,445
Work Car expenses22%1,650$3,108$5,128,433
Work Travel expenses12%935$1,451$1,356,652
Self Education expenses6%470$2,353$1,105,944
Total Deductions83%6,220$2,880$17,914,816
Taxation
Taxable Income100%7,480$52,621$393,604,487
Medicare Levy 73%5,445$952$5,181,229
Medicare Surcharge 1%85$1,095$93,049
Gross Tax 84%6,315$12,126$76,578,363
Net Tax 79%5,935$13,302$78,948,053
Average Tax 100%7,510 $10,512$78,948,053
Gross Tax Rate 84%6,315 23%$76,578,363
Net Tax Rate 79%5,935 25%$78,948,053
Average Tax Rate 100%7,510 20%$78,948,053
%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 $52,621. It is estimated that the average taxable income for people who paid a net amount of tax was $63195.

The average net tax paid was $13,302. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 5,445 people for an average of $952. 85 people paid $1,095 on average more for the Medicare surcharge.

6,425 people earned a salary or wage and took home an average of $55,732 each.

Government allowance and payments were collected by 380 people for on average $5,073. 230 people received the pension or other allowance.

Charitable gifts and donations of an average of $408 were made by 2,755 people.

The costs of tax affairs for 4,090 people were claimed for $236 each.