TaxStats for postcode 2108 FY2013

Postcode 2108 includes Coasters Retreat, Coasters Retreat, Currawong Beach, Currawong Beach, Great Mackerel Beach, Great Mackerel Beach, Palm Beach, The Basin, The Basin in New South Wales, and is in the federal electorate of Mackellar.

In FY 2013 the ATO recorded 1,315 individuals in postcode 2108. Of these people, 1,295 made a taxable income or loss. 985 of the population paid a gross amount of tax. After tax offsets, 890 people actually paid a net amount of tax. There were 405 non-taxable people who paid net tax of $0.

Compare TaxStats of 2108 with NSW

2108 TaxStats FY2013%Ppl#Ppl2108
Total Individuals100%1,315
Salary or Wage 53%700$72,788$50,951,535
Gross Interest71%940$8,945$8,408,272
Unfranked Dividends18%235$3,311$778,172
Franked Dividends47%615$42,104$25,894,119
Dividend Franking Credit46%610$18,190$11,096,108
Capital Gains10%125$77,150$9,643,744
Termination Payouts1%15$48,611$729,167
Tips/Directors Fees etc12%155$10,454$1,620,334
Business Income14%185$41,080$7,599,735
Foreign Income13%175$13,613$2,382,211
Government payments3%45$5,631$253,402
Government pensions3%40$9,467$378,683
Total Income or Loss99%1,305$113,403$147,990,774
Charitable Gifts34%450$8,095$3,642,956
Cost of Tax Affairs52%690$1,371$945,943
Work Car expenses13%170$57,202$9,724,332
Work Travel expenses7%90$2,039$183,502
Self Education expenses2%30$1,574$47,226
Total Deductions78%1,025$18,964$19,438,155
Taxable Income98%1,295$98,034$126,953,495
Medicare Levy 65%855$2,274$1,944,658
Medicare Surcharge 1%15$2,262$33,934
Gross Tax 75%985$44,489$43,821,408
Net Tax 68%890$49,626$44,166,914
Average Tax 100%1,315 $33,587$44,166,914
Gross Tax Rate 75%985 45%$43,821,408
Net Tax Rate 68%890 51%$44,166,914
Average Tax Rate 100%1,315 34%$44,166,914
%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 $98,034. It is estimated that the average taxable income for people who paid a net amount of tax was $137184.

The average net tax paid was $49,626. This equates to an average tax of 51 cents in the dollar on taxable income.

The Medicare levy was paid by 855 people for an average of $2,274. 15 people paid $2,262 on average more for the Medicare surcharge.

700 people earned a salary or wage and took home an average of $72,788 each.

Government allowance and payments were collected by 45 people for on average $5,631. 40 people received the pension or other allowance.

Charitable gifts and donations of an average of $8,095 were made by 450 people.

The costs of tax affairs for 690 people were claimed for $1,371 each.