TaxStats for postcode 2551 FY2013

Postcode 2551 includes Boydtown, Eden, Edrom, Green Cape, Kiah, Nadgee, Narrabarba, Nullica, Nungatta, Nungatta South, Timbillica, Wonboyn, Wonboyn Lake, Wonboyn North in New South Wales, and is in the federal electorate of Eden-Monaro.

In FY 2013 the ATO recorded 1,825 individuals in postcode 2551. Of these people, 1,815 made a taxable income or loss. 1,390 of the population paid a gross amount of tax. After tax offsets, 1,220 people actually paid a net amount of tax. There were 595 non-taxable people who paid net tax of $0.

Compare TaxStats of 2551 with NSW

2551 TaxStats FY2013%Ppl#Ppl2551
Avg
2551
Total
Total Individuals100%1,825
Income
Salary or Wage 76%1,385$42,661$59,085,120
Gross Interest58%1,050$2,036$2,138,212
Unfranked Dividends9%160$341$54,510
Franked Dividends29%530$5,722$3,032,565
Dividend Franking Credit29%530$2,449$1,298,026
Capital Gains4%75$10,307$773,036
Termination Payouts2%35$8,657$302,999
Tips/Directors Fees etc22%410$1,848$757,813
Business Income8%145$11,419$1,655,795
Foreign Income4%75$635$47,590
Government payments8%155$5,231$810,815
Government pensions10%180$10,122$1,821,998
Total Income or Loss100%1,820$43,893$79,885,131
Deducations
Charitable Gifts19%355$343$121,870
Cost of Tax Affairs47%860$293$252,394
Work Car expenses19%345$2,023$697,992
Work Travel expenses5%85$2,146$182,393
Self Education expenses4%65$1,829$118,890
Total Deductions78%1,420$2,041$2,898,604
Taxation
Taxable Income99%1,815$42,348$76,861,872
Medicare Levy 64%1,170$835$976,462
Medicare Surcharge 2%35$1,303$45,606
Gross Tax 76%1,390$9,540$13,260,624
Net Tax 67%1,220$10,727$13,086,970
Average Tax 100%1,825 $7,171$13,086,970
Gross Tax Rate 76%1,390 23%$13,260,624
Net Tax Rate 67%1,220 25%$13,086,970
Average Tax Rate 100%1,825 17%$13,086,970
%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 $42,348. It is estimated that the average taxable income for people who paid a net amount of tax was $57149.

The average net tax paid was $10,727. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 1,170 people for an average of $835. 35 people paid $1,303 on average more for the Medicare surcharge.

1,385 people earned a salary or wage and took home an average of $42,661 each.

Government allowance and payments were collected by 155 people for on average $5,231. 180 people received the pension or other allowance.

Charitable gifts and donations of an average of $343 were made by 355 people.

The costs of tax affairs for 860 people were claimed for $293 each.