TaxStats for postcode 2256 FY2013

Postcode 2256 includes Blackwall, Horsfield Bay, Koolewong, Little Wobby, Patonga, Pearl Beach, Phegans Bay, Wondabyne, Woy Woy, Woy Woy Bay in New South Wales, and is in the federal electorate of Robertson.

In FY 2013 the ATO recorded 7,630 individuals in postcode 2256. Of these people, 7,590 made a taxable income or loss. 6,020 of the population paid a gross amount of tax. After tax offsets, 5,335 people actually paid a net amount of tax. There were 2,255 non-taxable people who paid net tax of $0.

Compare TaxStats of 2256 with NSW

2256 TaxStats FY2013%Ppl#Ppl2256
Avg
2256
Total
Total Individuals100%7,630
Income
Salary or Wage 74%5,680$50,407$286,310,663
Gross Interest55%4,170$2,976$12,410,743
Unfranked Dividends8%640$581$371,959
Franked Dividends28%2,160$5,209$11,252,312
Dividend Franking Credit28%2,155$2,232$4,810,483
Capital Gains4%325$10,385$3,375,265
Termination Payouts2%135$16,190$2,185,598
Tips/Directors Fees etc19%1,460$2,802$4,091,035
Business Income8%645$18,154$11,709,380
Foreign Income5%395$1,388$548,124
Government payments9%680$5,573$3,789,966
Government pensions9%705$9,464$6,672,065
Total Income or Loss100%7,600$49,674$377,519,098
Deducations
Charitable Gifts40%3,050$470$1,434,451
Cost of Tax Affairs49%3,760$291$1,095,718
Work Car expenses20%1,540$2,616$4,028,453
Work Travel expenses8%605$2,045$1,237,170
Self Education expenses4%320$1,476$472,215
Total Deductions80%6,120$2,477$15,162,025
Taxation
Taxable Income99%7,590$47,691$361,978,019
Medicare Levy 67%5,085$932$4,737,225
Medicare Surcharge 1%55$1,250$68,771
Gross Tax 79%6,020$11,388$68,556,644
Net Tax 70%5,335$12,881$68,720,573
Average Tax 100%7,630 $9,007$68,720,573
Gross Tax Rate 79%6,020 24%$68,556,644
Net Tax Rate 70%5,335 27%$68,720,573
Average Tax Rate 100%7,630 19%$68,720,573
%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 $47,691. It is estimated that the average taxable income for people who paid a net amount of tax was $62778.

The average net tax paid was $12,881. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 5,085 people for an average of $932. 55 people paid $1,250 on average more for the Medicare surcharge.

5,680 people earned a salary or wage and took home an average of $50,407 each.

Government allowance and payments were collected by 680 people for on average $5,573. 705 people received the pension or other allowance.

Charitable gifts and donations of an average of $470 were made by 3,050 people.

The costs of tax affairs for 3,760 people were claimed for $291 each.