TaxStats for postcode 2071 FY2013

Postcode 2071 includes East Killara, Killara in New South Wales, and is in the federal electorate of Bradfield.

In FY 2013 the ATO recorded 8,380 individuals in postcode 2071. Of these people, 8,295 made a taxable income or loss. 6,660 of the population paid a gross amount of tax. After tax offsets, 6,160 people actually paid a net amount of tax. There were 2,135 non-taxable people who paid net tax of $0.

Compare TaxStats of 2071 with NSW

2071 TaxStats FY2013%Ppl#Ppl2071
Avg
2071
Total
Total Individuals100%8,380
Income
Salary or Wage 64%5,400$90,650$489,511,520
Gross Interest76%6,330$6,093$38,570,519
Unfranked Dividends22%1,815$3,179$5,770,701
Franked Dividends46%3,895$20,439$79,611,387
Dividend Franking Credit46%3,890$8,765$34,094,208
Capital Gains10%805$20,672$16,640,804
Termination Payouts1%115$66,502$7,647,781
Tips/Directors Fees etc12%1,035$10,526$10,894,830
Business Income9%750$80,308$60,231,003
Foreign Income16%1,320$3,266$4,310,657
Government payments3%255$5,349$1,363,883
Government pensions3%280$9,329$2,612,058
Total Income or Loss99%8,325$107,839$897,758,108
Deducations
Charitable Gifts39%3,290$2,856$9,395,555
Cost of Tax Affairs44%3,720$991$3,686,995
Work Car expenses15%1,245$3,697$4,602,169
Work Travel expenses9%780$1,705$1,330,196
Self Education expenses4%330$2,772$914,920
Total Deductions78%6,495$6,813$44,253,619
Taxation
Taxable Income99%8,295$102,599$851,056,005
Medicare Levy 69%5,815$2,052$11,935,131
Medicare Surcharge 1%80$2,157$172,588
Gross Tax 79%6,660$39,187$260,986,119
Net Tax 74%6,160$43,416$267,442,505
Average Tax 100%8,380 $31,914$267,442,505
Gross Tax Rate 79%6,660 38%$260,986,119
Net Tax Rate 74%6,160 42%$267,442,505
Average Tax Rate 100%8,380 31%$267,442,505
%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 $102,599. It is estimated that the average taxable income for people who paid a net amount of tax was $133999.

The average net tax paid was $43,416. This equates to an average tax of 42 cents in the dollar on taxable income.

The Medicare levy was paid by 5,815 people for an average of $2,052. 80 people paid $2,157 on average more for the Medicare surcharge.

5,400 people earned a salary or wage and took home an average of $90,650 each.

Government allowance and payments were collected by 255 people for on average $5,349. 280 people received the pension or other allowance.

Charitable gifts and donations of an average of $2,856 were made by 3,290 people.

The costs of tax affairs for 3,720 people were claimed for $991 each.