TaxStats for postcode 2700 FY2013

Postcode 2700 includes Birrego, Colinroobie, Corobimilla, Cudgel, Euroley, Faithfull, Gillenbah, Kywong, Morundah, Narrandera, Paynters Siding, Sandigo, Uroly, Widgiewa in New South Wales, and is in the federal electorate of Riverina.

In FY 2013 the ATO recorded 2,545 individuals in postcode 2700. Of these people, 2,520 made a taxable income or loss. 2,015 of the population paid a gross amount of tax. After tax offsets, 1,770 people actually paid a net amount of tax. There were 750 non-taxable people who paid net tax of $0.

Compare TaxStats of 2700 with NSW

2700 TaxStats FY2013%Ppl#Ppl2700
Total Individuals100%2,545
Salary or Wage 75%1,920$43,476$83,474,123
Gross Interest52%1,330$2,202$2,928,764
Unfranked Dividends14%360$310$111,755
Franked Dividends30%775$3,016$2,337,676
Dividend Franking Credit30%775$1,293$1,001,724
Capital Gains3%80$10,811$864,883
Termination Payouts1%30$3,116$93,487
Tips/Directors Fees etc25%635$2,408$1,529,278
Business Income8%210$13,096$2,750,165
Foreign Income5%115$314$36,099
Government payments8%205$5,145$1,054,733
Government pensions9%230$10,110$2,325,286
Total Income or Loss100%2,540$43,272$109,910,273
Charitable Gifts51%1,300$319$414,769
Cost of Tax Affairs49%1,240$296$366,642
Work Car expenses29%740$2,221$1,643,179
Work Travel expenses7%185$3,056$565,311
Self Education expenses4%90$1,687$151,862
Total Deductions79%2,005$3,329$6,673,803
Taxable Income99%2,520$40,669$102,486,662
Medicare Levy 66%1,680$802$1,348,162
Medicare Surcharge 1%25$1,226$30,661
Gross Tax 79%2,015$8,444$17,013,924
Net Tax 70%1,770$9,549$16,901,413
Average Tax 100%2,545 $6,641$16,901,413
Gross Tax Rate 79%2,015 21%$17,013,924
Net Tax Rate 70%1,770 23%$16,901,413
Average Tax Rate 100%2,545 16%$16,901,413
%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 $40,669. It is estimated that the average taxable income for people who paid a net amount of tax was $52817.

The average net tax paid was $9,549. This equates to an average tax of 23 cents in the dollar on taxable income.

The Medicare levy was paid by 1,680 people for an average of $802. 25 people paid $1,226 on average more for the Medicare surcharge.

1,920 people earned a salary or wage and took home an average of $43,476 each.

Government allowance and payments were collected by 205 people for on average $5,145. 230 people received the pension or other allowance.

Charitable gifts and donations of an average of $319 were made by 1,300 people.

The costs of tax affairs for 1,240 people were claimed for $296 each.