TaxStats for postcode 2140 FY2013

Postcode 2140 includes Homebush, Homebush, Homebush South, Homebush South, Homebush West, Homebush West in New South Wales, and is in the federal electorate of Reid.

In FY 2013 the ATO recorded 7,785 individuals in postcode 2140. Of these people, 7,720 made a taxable income or loss. 6,245 of the population paid a gross amount of tax. After tax offsets, 5,870 people actually paid a net amount of tax. There were 1,850 non-taxable people who paid net tax of $0.

Compare TaxStats of 2140 with NSW

2140 TaxStats FY2013%Ppl#Ppl2140
Total Individuals100%7,785
Salary or Wage 85%6,615$50,819$336,169,495
Gross Interest56%4,335$1,503$6,516,801
Unfranked Dividends5%380$593$225,433
Franked Dividends15%1,180$4,895$5,775,628
Dividend Franking Credit15%1,180$2,097$2,474,256
Capital Gains2%160$13,736$2,197,742
Termination Payouts1%80$16,052$1,284,193
Tips/Directors Fees etc17%1,295$3,864$5,003,668
Business Income9%680$18,205$12,379,546
Foreign Income2%185$796$147,305
Government payments6%485$5,658$2,743,903
Government pensions2%155$9,276$1,437,782
Total Income or Loss99%7,735$50,528$390,833,218
Charitable Gifts27%2,080$440$915,518
Cost of Tax Affairs46%3,595$203$728,829
Work Car expenses19%1,505$2,653$3,993,263
Work Travel expenses11%820$1,024$839,846
Self Education expenses7%550$2,236$1,230,050
Total Deductions77%6,020$2,525$15,197,866
Taxable Income99%7,720$48,502$374,436,931
Medicare Levy 65%5,040$922$4,648,131
Medicare Surcharge 1%65$1,085$70,556
Gross Tax 80%6,245$11,298$70,553,996
Net Tax 75%5,870$12,414$72,870,993
Average Tax 100%7,785 $9,360$72,870,993
Gross Tax Rate 80%6,245 23%$70,553,996
Net Tax Rate 75%5,870 26%$72,870,993
Average Tax Rate 100%7,785 19%$72,870,993
%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 $48,502. It is estimated that the average taxable income for people who paid a net amount of tax was $60006.

The average net tax paid was $12,414. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 5,040 people for an average of $922. 65 people paid $1,085 on average more for the Medicare surcharge.

6,615 people earned a salary or wage and took home an average of $50,819 each.

Government allowance and payments were collected by 485 people for on average $5,658. 155 people received the pension or other allowance.

Charitable gifts and donations of an average of $440 were made by 2,080 people.

The costs of tax affairs for 3,595 people were claimed for $203 each.