TaxStats for postcode 2508 FY2013

Postcode 2508 includes Coalcliff, Darkes Forest, Helensburgh, Lilyvale, Maddens Plains, Otford, Stanwell Park, Stanwell Tops, Woronora Dam in New South Wales, and is in the federal electorate of Cunningham.

In FY 2013 the ATO recorded 5,165 individuals in postcode 2508. Of these people, 5,145 made a taxable income or loss. 4,295 of the population paid a gross amount of tax. After tax offsets, 4,005 people actually paid a net amount of tax. There were 1,140 non-taxable people who paid net tax of $0.

Compare TaxStats of 2508 with NSW

2508 TaxStats FY2013%Ppl#Ppl2508
Total Individuals100%5,165
Salary or Wage 84%4,350$60,959$265,173,159
Gross Interest59%3,055$1,423$4,348,140
Unfranked Dividends7%370$408$150,869
Franked Dividends27%1,390$4,908$6,821,557
Dividend Franking Credit27%1,390$2,103$2,923,228
Capital Gains3%180$10,784$1,941,031
Termination Payouts2%100$18,338$1,833,754
Tips/Directors Fees etc24%1,220$3,185$3,886,041
Business Income10%540$22,765$12,292,973
Foreign Income5%235$998$234,443
Government payments4%220$4,709$1,035,950
Government pensions4%210$8,768$1,841,202
Total Income or Loss100%5,155$61,759$318,368,764
Charitable Gifts39%2,015$403$811,259
Cost of Tax Affairs54%2,805$306$858,960
Work Car expenses27%1,405$2,776$3,900,184
Work Travel expenses10%515$2,181$1,123,357
Self Education expenses6%315$1,683$530,210
Total Deductions83%4,295$3,315$14,236,245
Taxable Income100%5,145$58,977$303,435,246
Medicare Levy 76%3,915$1,083$4,238,759
Medicare Surcharge 1%65$1,201$78,038
Gross Tax 83%4,295$15,147$65,056,778
Net Tax 78%4,005$16,744$67,060,417
Average Tax 100%5,165 $12,984$67,060,417
Gross Tax Rate 83%4,295 26%$65,056,778
Net Tax Rate 78%4,005 28%$67,060,417
Average Tax Rate 100%5,165 22%$67,060,417
%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 $58,977. It is estimated that the average taxable income for people who paid a net amount of tax was $72348.

The average net tax paid was $16,744. This equates to an average tax of 28 cents in the dollar on taxable income.

The Medicare levy was paid by 3,915 people for an average of $1,083. 65 people paid $1,201 on average more for the Medicare surcharge.

4,350 people earned a salary or wage and took home an average of $60,959 each.

Government allowance and payments were collected by 220 people for on average $4,709. 210 people received the pension or other allowance.

Charitable gifts and donations of an average of $403 were made by 2,015 people.

The costs of tax affairs for 2,805 people were claimed for $306 each.