TaxStats for postcode 2224 FY2013

Postcode 2224 includes Kangaroo Point, Sylvania, Sylvania Southgate, Sylvania Waters in New South Wales, and is in the federal electorate of Cook.

In FY 2013 the ATO recorded 8,500 individuals in postcode 2224. Of these people, 8,430 made a taxable income or loss. 6,860 of the population paid a gross amount of tax. After tax offsets, 6,215 people actually paid a net amount of tax. There were 2,215 non-taxable people who paid net tax of $0.

Compare TaxStats of 2224 with NSW

2224 TaxStats FY2013%Ppl#Ppl2224
Total Individuals100%8,500
Salary or Wage 71%6,040$60,735$366,840,591
Gross Interest66%5,585$3,710$20,722,067
Unfranked Dividends11%950$841$798,793
Franked Dividends36%3,070$11,331$34,785,508
Dividend Franking Credit36%3,060$4,871$14,905,084
Capital Gains6%505$31,817$16,067,463
Termination Payouts2%150$22,643$3,396,391
Tips/Directors Fees etc18%1,550$6,428$9,962,989
Business Income8%715$31,375$22,432,963
Foreign Income6%550$1,119$615,706
Government payments4%320$5,164$1,652,409
Government pensions6%515$9,281$4,779,600
Total Income or Loss99%8,450$66,755$564,079,829
Charitable Gifts37%3,140$569$1,786,492
Cost of Tax Affairs53%4,465$435$1,942,106
Work Car expenses22%1,835$3,834$7,034,825
Work Travel expenses10%830$1,747$1,449,917
Self Education expenses4%350$2,124$743,280
Total Deductions80%6,765$3,901$26,392,150
Taxable Income99%8,430$63,661$536,664,354
Medicare Levy 70%5,980$1,237$7,399,900
Medicare Surcharge 1%95$1,331$126,467
Gross Tax 81%6,860$18,672$128,087,389
Net Tax 73%6,215$21,100$131,133,803
Average Tax 100%8,500 $15,428$131,133,803
Gross Tax Rate 81%6,860 29%$128,087,389
Net Tax Rate 73%6,215 33%$131,133,803
Average Tax Rate 100%8,500 24%$131,133,803
%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 $63,661. It is estimated that the average taxable income for people who paid a net amount of tax was $82073.

The average net tax paid was $21,100. This equates to an average tax of 33 cents in the dollar on taxable income.

The Medicare levy was paid by 5,980 people for an average of $1,237. 95 people paid $1,331 on average more for the Medicare surcharge.

6,040 people earned a salary or wage and took home an average of $60,735 each.

Government allowance and payments were collected by 320 people for on average $5,164. 515 people received the pension or other allowance.

Charitable gifts and donations of an average of $569 were made by 3,140 people.

The costs of tax affairs for 4,465 people were claimed for $435 each.