TaxStats for postcode 2131 FY2013

Postcode 2131 includes Ashfield, Ashfield in New South Wales, and is in the federal electorate of Grayndler.

In FY 2013 the ATO recorded 13,640 individuals in postcode 2131. Of these people, 13,560 made a taxable income or loss. 10,980 of the population paid a gross amount of tax. After tax offsets, 10,135 people actually paid a net amount of tax. There were 3,425 non-taxable people who paid net tax of $0.

Compare TaxStats of 2131 with NSW

2131 TaxStats FY2013%Ppl#Ppl2131
Avg
2131
Total
Total Individuals100%13,640
Income
Salary or Wage 83%11,340$51,212$580,742,798
Gross Interest62%8,515$2,074$17,658,898
Unfranked Dividends6%825$851$701,734
Franked Dividends20%2,740$4,531$12,414,364
Dividend Franking Credit20%2,735$1,940$5,305,437
Capital Gains3%395$9,805$3,872,999
Termination Payouts2%205$17,007$3,486,415
Tips/Directors Fees etc16%2,180$3,362$7,329,534
Business Income10%1,305$23,382$30,513,282
Foreign Income4%555$956$530,803
Government payments6%790$5,742$4,536,244
Government pensions3%460$10,320$4,747,216
Total Income or Loss100%13,575$52,084$707,043,394
Deducations
Charitable Gifts31%4,280$474$2,027,097
Cost of Tax Affairs47%6,400$238$1,525,181
Work Car expenses15%2,025$2,495$5,053,168
Work Travel expenses11%1,490$1,195$1,780,625
Self Education expenses6%835$2,533$2,115,457
Total Deductions78%10,625$2,344$24,910,008
Taxation
Taxable Income99%13,560$50,232$681,139,604
Medicare Levy 66%8,970$969$8,694,833
Medicare Surcharge 2%205$1,130$231,552
Gross Tax 80%10,980$12,053$132,344,141
Net Tax 74%10,135$13,444$136,258,488
Average Tax 100%13,640 $9,990$136,258,488
Gross Tax Rate 80%10,980 24%$132,344,141
Net Tax Rate 74%10,135 27%$136,258,488
Average Tax Rate 100%13,640 20%$136,258,488
%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 $50,232. It is estimated that the average taxable income for people who paid a net amount of tax was $63151.

The average net tax paid was $13,444. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 8,970 people for an average of $969. 205 people paid $1,130 on average more for the Medicare surcharge.

11,340 people earned a salary or wage and took home an average of $51,212 each.

Government allowance and payments were collected by 790 people for on average $5,742. 460 people received the pension or other allowance.

Charitable gifts and donations of an average of $474 were made by 4,280 people.

The costs of tax affairs for 6,400 people were claimed for $238 each.