TaxStats for postcode 2298 FY2013

Postcode 2298 includes Georgetown, Georgetown, Waratah, Waratah, Waratah West, Waratah West in New South Wales, and is in the federal electorate of Newcastle.

In FY 2013 the ATO recorded 4,580 individuals in postcode 2298. Of these people, 4,565 made a taxable income or loss. 3,715 of the population paid a gross amount of tax. After tax offsets, 3,440 people actually paid a net amount of tax. There were 1,125 non-taxable people who paid net tax of $0.

Compare TaxStats of 2298 with NSW

2298 TaxStats FY2013%Ppl#Ppl2298
Avg
2298
Total
Total Individuals100%4,580
Income
Salary or Wage 85%3,905$50,624$197,686,357
Gross Interest55%2,520$1,094$2,756,196
Unfranked Dividends8%345$340$117,356
Franked Dividends24%1,105$3,102$3,427,731
Dividend Franking Credit24%1,100$1,336$1,470,072
Capital Gains3%120$7,743$929,187
Termination Payouts2%95$9,996$949,644
Tips/Directors Fees etc25%1,165$2,044$2,381,175
Business Income6%295$21,356$6,300,144
Foreign Income4%165$372$61,456
Government payments12%555$5,880$3,263,488
Government pensions6%275$10,142$2,789,100
Total Income or Loss100%4,570$50,322$229,969,962
Deducations
Charitable Gifts41%1,870$287$535,945
Cost of Tax Affairs47%2,135$238$508,020
Work Car expenses30%1,395$2,166$3,021,050
Work Travel expenses12%530$1,169$619,492
Self Education expenses7%320$1,717$549,416
Total Deductions84%3,825$2,512$9,607,784
Taxation
Taxable Income100%4,565$48,226$220,152,114
Medicare Levy 72%3,290$894$2,942,713
Medicare Surcharge 1%45$899$40,465
Gross Tax 81%3,715$10,950$40,679,891
Net Tax 75%3,440$12,181$41,902,083
Average Tax 100%4,580 $9,149$41,902,083
Gross Tax Rate 81%3,715 23%$40,679,891
Net Tax Rate 75%3,440 25%$41,902,083
Average Tax Rate 100%4,580 19%$41,902,083
%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 $48,226. It is estimated that the average taxable income for people who paid a net amount of tax was $60073.

The average net tax paid was $12,181. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 3,290 people for an average of $894. 45 people paid $899 on average more for the Medicare surcharge.

3,905 people earned a salary or wage and took home an average of $50,624 each.

Government allowance and payments were collected by 555 people for on average $5,880. 275 people received the pension or other allowance.

Charitable gifts and donations of an average of $287 were made by 1,870 people.

The costs of tax affairs for 2,135 people were claimed for $238 each.