TaxStats for postcode 2403 FY2013

Postcode 2403 includes Delungra, Gragin, Koloona, Myall Creek in New South Wales, and is in the federal electorate of New England.

In FY 2013 the ATO recorded 350 individuals in postcode 2403. Of these people, 340 made a taxable income or loss. 205 of the population paid a gross amount of tax. After tax offsets, 170 people actually paid a net amount of tax. There were 170 non-taxable people who paid net tax of $0.

Compare TaxStats of 2403 with NSW

2403 TaxStats FY2013%Ppl#Ppl2403
Avg
2403
Total
Total Individuals100%350
Income
Salary or Wage 57%200$34,456$6,891,162
Gross Interest59%205$2,138$438,319
Unfranked Dividends13%45$358$16,099
Franked Dividends30%105$3,645$382,707
Dividend Franking Credit30%105$1,530$160,599
Capital Gains4%15$3,235$48,527
Termination Payouts1%5$70$351
Tips/Directors Fees etc13%45$1,045$47,009
Business Income16%55$1,294$71,194
Foreign Income6%20$420$8,393
Government payments10%35$5,508$192,787
Government pensions7%25$11,175$279,366
Total Income or Loss100%350$24,207$8,472,276
Deducations
Charitable Gifts14%50$191$9,571
Cost of Tax Affairs31%110$512$56,295
Work Car expenses16%55$2,773$152,499
Work Travel expenses4%15$860$12,894
Self Education expenses3%10$1,392$13,925
Total Deductions61%215$2,963$637,097
Taxation
Taxable Income97%340$22,329$7,591,777
Medicare Levy 43%150$705$105,759
Medicare Surcharge 1%5$321$1,605
Gross Tax 59%205$6,551$1,342,857
Net Tax 49%170$7,635$1,297,970
Average Tax 100%350 $3,708$1,297,970
Gross Tax Rate 59%205 29%$1,342,857
Net Tax Rate 49%170 34%$1,297,970
Average Tax Rate 100%350 17%$1,297,970
%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 $22,329. It is estimated that the average taxable income for people who paid a net amount of tax was $32658.

The average net tax paid was $7,635. This equates to an average tax of 34 cents in the dollar on taxable income.

The Medicare levy was paid by 150 people for an average of $705. 5 people paid $321 on average more for the Medicare surcharge.

200 people earned a salary or wage and took home an average of $34,456 each.

Government allowance and payments were collected by 35 people for on average $5,508. 25 people received the pension or other allowance.

Charitable gifts and donations of an average of $191 were made by 50 people.

The costs of tax affairs for 110 people were claimed for $512 each.