TaxStats for postcode 2672 FY2013

Postcode 2672 includes Burgooney, Burgooney, Curlew Waters, Lake Cargelligo, Lake Cargelligo, Murrin Bridge, Murrin Bridge, Wargambegal, Wargambegal in New South Wales, and is in the federal electorate of Parkes.

In FY 2013 the ATO recorded 805 individuals in postcode 2672. Of these people, 790 made a taxable income or loss. 635 of the population paid a gross amount of tax. After tax offsets, 570 people actually paid a net amount of tax. There were 220 non-taxable people who paid net tax of $0.

Compare TaxStats of 2672 with NSW

2672 TaxStats FY2013%Ppl#Ppl2672
Avg
2672
Total
Total Individuals100%805
Income
Salary or Wage 68%545$35,897$19,563,975
Gross Interest58%465$3,294$1,531,517
Unfranked Dividends11%85$438$37,194
Franked Dividends28%225$9,678$2,177,508
Dividend Franking Credit28%225$4,147$933,077
Capital Gains2%20$8,576$171,517
Termination Payouts1%5$2,243$11,214
Tips/Directors Fees etc16%125$1,374$171,801
Business Income8%65$23,954$1,557,034
Foreign Income3%25$849$21,229
Government payments8%65$6,040$392,581
Government pensions9%70$11,727$820,896
Total Income or Loss100%805$48,191$38,793,480
Deducations
Charitable Gifts19%155$1,020$158,146
Cost of Tax Affairs50%400$355$142,157
Work Car expenses17%135$2,340$315,852
Work Travel expenses3%25$1,360$33,993
Self Education expenses2%15$1,329$19,942
Total Deductions76%610$3,284$2,003,415
Taxation
Taxable Income98%790$46,074$36,398,586
Medicare Levy 66%535$901$481,780
Medicare Surcharge 2%20$1,273$25,456
Gross Tax 79%635$10,631$6,750,802
Net Tax 71%570$11,464$6,534,708
Average Tax 100%805 $8,118$6,534,708
Gross Tax Rate 79%635 23%$6,750,802
Net Tax Rate 71%570 25%$6,534,708
Average Tax Rate 100%805 18%$6,534,708
%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 $46,074. It is estimated that the average taxable income for people who paid a net amount of tax was $59226.

The average net tax paid was $11,464. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 535 people for an average of $901. 20 people paid $1,273 on average more for the Medicare surcharge.

545 people earned a salary or wage and took home an average of $35,897 each.

Government allowance and payments were collected by 65 people for on average $6,040. 70 people received the pension or other allowance.

Charitable gifts and donations of an average of $1,020 were made by 155 people.

The costs of tax affairs for 400 people were claimed for $355 each.