TaxStats for postcode 2430 FY2013

Postcode 2430 includes Black Head, Bohnock, Bootawa, Brimbin, Chatham, Croki, Cundletown, Diamond Beach, Dumaresq Island, Failford, Ghinni Ghinni, Glenthorne, Hallidays Point, Happy Valley, Hillville, Jones Island, Kiwarrak, Kolodong, Koorainghat, Kundle Kundle, Lansdowne, Lansdowne Forest, Manning Point, Melinga, Mitchells Island, Mondrook, Old Bar, Oxley Island, Pampoolah, Possum Brush, Purfleet, Rainbow Flat, Red Head, Saltwater, Tallwoods Village, Taree, Taree South, Taree West, Tinonee, Upper Lansdowne, Wallabi Point in New South Wales, and is in the federal electorate of Lyne.

In FY 2013 the ATO recorded 15,250 individuals in postcode 2430. Of these people, 15,170 made a taxable income or loss. 11,525 of the population paid a gross amount of tax. After tax offsets, 10,185 people actually paid a net amount of tax. There were 4,985 non-taxable people who paid net tax of $0.

Compare TaxStats of 2430 with NSW

2430 TaxStats FY2013%Ppl#Ppl2430
Total Individuals100%15,250
Salary or Wage 73%11,110$42,879$476,383,197
Gross Interest59%8,950$1,906$17,056,242
Unfranked Dividends9%1,405$552$775,535
Franked Dividends31%4,790$4,781$22,900,886
Dividend Franking Credit31%4,770$2,057$9,812,238
Capital Gains4%550$9,138$5,025,797
Termination Payouts1%175$9,014$1,577,444
Tips/Directors Fees etc22%3,420$2,114$7,229,728
Business Income9%1,355$18,482$25,043,161
Foreign Income4%625$786$491,305
Government payments11%1,710$5,661$9,680,741
Government pensions10%1,465$9,197$13,473,504
Total Income or Loss100%15,220$42,923$653,282,286
Charitable Gifts31%4,780$267$1,277,254
Cost of Tax Affairs49%7,435$244$1,815,793
Work Car expenses22%3,310$2,125$7,034,664
Work Travel expenses6%980$2,313$2,266,454
Self Education expenses5%690$1,518$1,047,494
Total Deductions78%11,965$2,261$27,047,997
Taxable Income99%15,170$41,214$625,222,061
Medicare Levy 63%9,550$826$7,891,087
Medicare Surcharge 1%150$1,162$174,350
Gross Tax 76%11,525$9,305$107,237,639
Net Tax 67%10,185$10,501$106,949,140
Average Tax 100%15,250 $7,013$106,949,140
Gross Tax Rate 76%11,525 23%$107,237,639
Net Tax Rate 67%10,185 25%$106,949,140
Average Tax Rate 100%15,250 17%$106,949,140
%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 $41,214. It is estimated that the average taxable income for people who paid a net amount of tax was $55513.

The average net tax paid was $10,501. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 9,550 people for an average of $826. 150 people paid $1,162 on average more for the Medicare surcharge.

11,110 people earned a salary or wage and took home an average of $42,879 each.

Government allowance and payments were collected by 1,710 people for on average $5,661. 1,465 people received the pension or other allowance.

Charitable gifts and donations of an average of $267 were made by 4,780 people.

The costs of tax affairs for 7,435 people were claimed for $244 each.