TaxStats for postcode 2308 FY2013

Postcode 2308 includes Callaghan, Callaghan, Newcastle University in New South Wales, and is in the federal electorate of Newcastle.

In FY 2013 the ATO recorded 75 individuals in postcode 2308. Of these people, 75 made a taxable income or loss. 35 of the population paid a gross amount of tax. After tax offsets, 30 people actually paid a net amount of tax. There were 45 non-taxable people who paid net tax of $0.

Compare TaxStats of 2308 with NSW

2308 TaxStats FY2013%Ppl#Ppl2308
Avg
2308
Total
Total Individuals100%75
Income
Salary or Wage 93%70$33,202$2,324,132
Gross Interest53%40$742$29,689
Unfranked Dividends7%5$193$967
Franked Dividends13%10$653$6,534
Dividend Franking Credit13%10$280$2,797
Capital Gains7%5$1,697$8,487
Termination Payouts%0$$0
Tips/Directors Fees etc20%15$563$8,446
Business Income7%5$1,950$9,751
Foreign Income7%5$10$48
Government payments47%35$5,835$204,220
Government pensions%0$$0
Total Income or Loss100%75$35,336$2,650,203
Deducations
Charitable Gifts27%20$249$4,981
Cost of Tax Affairs20%15$200$3,001
Work Car expenses13%10$2,156$21,565
Work Travel expenses13%10$1,990$19,902
Self Education expenses7%5$909$4,544
Total Deductions60%45$2,195$98,761
Taxation
Taxable Income100%75$33,518$2,513,846
Medicare Levy 40%30$927$27,805
Medicare Surcharge 7%5$518$2,592
Gross Tax 47%35$12,395$433,815
Net Tax 40%30$15,098$452,953
Average Tax 100%75 $6,039$452,953
Gross Tax Rate 47%35 37%$433,815
Net Tax Rate 40%30 45%$452,953
Average Tax Rate 100%75 18%$452,953
%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 $33,518. It is estimated that the average taxable income for people who paid a net amount of tax was $65795.

The average net tax paid was $15,098. This equates to an average tax of 45 cents in the dollar on taxable income.

The Medicare levy was paid by 30 people for an average of $927. 5 people paid $518 on average more for the Medicare surcharge.

70 people earned a salary or wage and took home an average of $33,202 each.

Government allowance and payments were collected by 35 people for on average $5,835. 0 people received the pension or other allowance.

Charitable gifts and donations of an average of $249 were made by 20 people.

The costs of tax affairs for 15 people were claimed for $200 each.