TaxStats for postcode 2475 FY2013

Postcode 2475 includes Beaury Creek, Tooloom, Upper Tooloom, Urbenville, Wallaby Creek in New South Wales, and is in the federal electorate of New England.

In FY 2013 the ATO recorded 185 individuals in postcode 2475. Of these people, 180 made a taxable income or loss. 110 of the population paid a gross amount of tax. After tax offsets, 90 people actually paid a net amount of tax. There were 90 non-taxable people who paid net tax of $0.

Compare TaxStats of 2475 with NSW

2475 TaxStats FY2013%Ppl#Ppl2475
Avg
2475
Total
Total Individuals100%185
Income
Salary or Wage 59%110$40,178$4,419,527
Gross Interest57%105$1,410$148,039
Unfranked Dividends11%20$88$1,751
Franked Dividends30%55$1,292$71,077
Dividend Franking Credit30%55$552$30,356
Capital Gains3%5$19,295$96,473
Termination Payouts3%5$2,800$14,000
Tips/Directors Fees etc19%35$1,125$39,374
Business Income8%15$-37,311$-559,659
Foreign Income8%15$389$5,836
Government payments11%20$6,474$129,478
Government pensions5%10$9,257$92,567
Total Income or Loss97%180$32,031$5,765,522
Deducations
Charitable Gifts19%35$241$8,426
Cost of Tax Affairs35%65$298$19,387
Work Car expenses19%35$2,277$79,689
Work Travel expenses3%5$2,026$10,131
Self Education expenses3%5$2,066$10,329
Total Deductions62%115$2,183$251,048
Taxation
Taxable Income97%180$28,080$5,054,437
Medicare Levy 46%85$788$66,962
Medicare Surcharge 3%5$57$285
Gross Tax 59%110$7,687$845,576
Net Tax 49%90$9,428$848,564
Average Tax 100%185 $4,587$848,564
Gross Tax Rate 59%110 27%$845,576
Net Tax Rate 49%90 34%$848,564
Average Tax Rate 100%185 16%$848,564
%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 $28,080. It is estimated that the average taxable income for people who paid a net amount of tax was $44160.

The average net tax paid was $9,428. This equates to an average tax of 34 cents in the dollar on taxable income.

The Medicare levy was paid by 85 people for an average of $788. 5 people paid $57 on average more for the Medicare surcharge.

110 people earned a salary or wage and took home an average of $40,178 each.

Government allowance and payments were collected by 20 people for on average $6,474. 10 people received the pension or other allowance.

Charitable gifts and donations of an average of $241 were made by 35 people.

The costs of tax affairs for 65 people were claimed for $298 each.