TaxStats for postcode 2627 FY2013

Postcode 2627 includes Bullocks Flat, Crackenback, East Jindabyne, Grosses Plain, Gungarlin, Guthega, Hill Top, Ingebirah, Ingebyra, Jindabyne, Kalkite, Kosciuszko, Kosciuszko National Park, Lower Thredbo, Moonbah, Pilot Wilderness in New South Wales, and is in the federal electorate of Eden-Monaro.

In FY 2013 the ATO recorded 2,520 individuals in postcode 2627. Of these people, 2,505 made a taxable income or loss. 2,000 of the population paid a gross amount of tax. After tax offsets, 1,815 people actually paid a net amount of tax. There were 690 non-taxable people who paid net tax of $0.

Compare TaxStats of 2627 with NSW

2627 TaxStats FY2013%Ppl#Ppl2627
Total Individuals100%2,520
Salary or Wage 81%2,050$43,153$88,463,260
Gross Interest57%1,445$2,015$2,911,562
Unfranked Dividends7%170$1,100$187,013
Franked Dividends25%635$5,548$3,523,170
Dividend Franking Credit25%630$2,396$1,509,720
Capital Gains3%75$13,193$989,512
Termination Payouts1%20$24,544$490,887
Tips/Directors Fees etc17%420$2,793$1,173,259
Business Income14%350$13,825$4,838,893
Foreign Income4%90$2,024$182,149
Government payments7%170$4,905$833,817
Government pensions4%100$9,417$941,713
Total Income or Loss100%2,510$48,139$120,829,219
Charitable Gifts26%665$340$225,884
Cost of Tax Affairs43%1,085$403$436,766
Work Car expenses23%590$2,491$1,469,892
Work Travel expenses8%210$1,292$271,290
Self Education expenses6%155$1,335$206,938
Total Deductions79%2,000$2,931$5,861,441
Taxable Income99%2,505$45,794$114,714,543
Medicare Levy 69%1,750$872$1,525,777
Medicare Surcharge 1%15$1,610$24,156
Gross Tax 79%2,000$10,474$20,948,948
Net Tax 72%1,815$11,600$21,053,562
Average Tax 100%2,520 $8,355$21,053,562
Gross Tax Rate 79%2,000 23%$20,948,948
Net Tax Rate 72%1,815 25%$21,053,562
Average Tax Rate 100%2,520 18%$21,053,562
%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 $45,794. It is estimated that the average taxable income for people who paid a net amount of tax was $58642.

The average net tax paid was $11,600. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 1,750 people for an average of $872. 15 people paid $1,610 on average more for the Medicare surcharge.

2,050 people earned a salary or wage and took home an average of $43,153 each.

Government allowance and payments were collected by 170 people for on average $4,905. 100 people received the pension or other allowance.

Charitable gifts and donations of an average of $340 were made by 665 people.

The costs of tax affairs for 1,085 people were claimed for $403 each.