TaxStats for postcode 2200 FY2013

Postcode 2200 includes Bankstown, Bankstown Aerodrome, Bankstown North, Bankstown Square, Condell Park, Manahan in New South Wales, and is in the federal electorate of Banks.

In FY 2013 the ATO recorded 18,305 individuals in postcode 2200. Of these people, 18,170 made a taxable income or loss. 14,470 of the population paid a gross amount of tax. After tax offsets, 12,970 people actually paid a net amount of tax. There were 5,200 non-taxable people who paid net tax of $0.

Compare TaxStats of 2200 with NSW

2200 TaxStats FY2013%Ppl#Ppl2200
Total Individuals100%18,305
Salary or Wage 81%14,785$45,175$667,913,404
Gross Interest44%8,125$1,992$16,182,290
Unfranked Dividends3%635$474$300,915
Franked Dividends14%2,635$3,263$8,596,829
Dividend Franking Credit14%2,625$1,403$3,681,839
Capital Gains2%325$14,597$4,743,963
Termination Payouts1%250$9,736$2,433,913
Tips/Directors Fees etc17%3,185$3,650$11,624,073
Business Income11%2,085$18,631$38,845,516
Foreign Income1%270$-897$-242,209
Government payments10%1,850$5,968$11,041,421
Government pensions5%835$10,193$8,511,144
Total Income or Loss99%18,195$44,600$811,500,103
Charitable Gifts32%5,835$388$2,265,885
Cost of Tax Affairs53%9,780$202$1,972,679
Work Car expenses21%3,895$2,890$11,255,367
Work Travel expenses8%1,395$1,332$1,857,526
Self Education expenses5%990$2,106$2,085,387
Total Deductions76%13,975$2,525$35,293,414
Taxable Income99%18,170$42,650$774,950,000
Medicare Levy 65%11,845$826$9,789,159
Medicare Surcharge 1%190$1,107$210,324
Gross Tax 79%14,470$8,932$129,251,419
Net Tax 71%12,970$10,215$132,485,859
Average Tax 100%18,305 $7,238$132,485,859
Gross Tax Rate 79%14,470 21%$129,251,419
Net Tax Rate 71%12,970 24%$132,485,859
Average Tax Rate 100%18,305 17%$132,485,859
%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 $42,650. It is estimated that the average taxable income for people who paid a net amount of tax was $54938.

The average net tax paid was $10,215. This equates to an average tax of 24 cents in the dollar on taxable income.

The Medicare levy was paid by 11,845 people for an average of $826. 190 people paid $1,107 on average more for the Medicare surcharge.

14,785 people earned a salary or wage and took home an average of $45,175 each.

Government allowance and payments were collected by 1,850 people for on average $5,968. 835 people received the pension or other allowance.

Charitable gifts and donations of an average of $388 were made by 5,835 people.

The costs of tax affairs for 9,780 people were claimed for $202 each.