TaxStats for postcode 2701 FY2013

Postcode 2701 includes Berry Jerry, Coolamon, Methul, Rannock, Tooyal in New South Wales, and is in the federal electorate of Riverina.

In FY 2013 the ATO recorded 1,255 individuals in postcode 2701. Of these people, 1,240 made a taxable income or loss. 995 of the population paid a gross amount of tax. After tax offsets, 895 people actually paid a net amount of tax. There were 345 non-taxable people who paid net tax of $0.

Compare TaxStats of 2701 with NSW

2701 TaxStats FY2013%Ppl#Ppl2701
Total Individuals100%1,255
Salary or Wage 73%915$46,396$42,452,093
Gross Interest55%690$1,687$1,164,124
Unfranked Dividends12%150$2,360$354,042
Franked Dividends30%380$5,367$2,039,437
Dividend Franking Credit30%380$2,301$874,371
Capital Gains3%40$6,302$252,062
Termination Payouts1%10$25,152$251,520
Tips/Directors Fees etc21%260$1,731$450,182
Business Income7%90$18,791$1,691,206
Foreign Income4%55$379$20,867
Government payments5%65$5,302$344,607
Government pensions6%75$11,375$853,126
Total Income or Loss99%1,245$50,818$63,269,005
Charitable Gifts33%415$307$127,276
Cost of Tax Affairs47%595$263$156,710
Work Car expenses21%260$2,110$548,696
Work Travel expenses7%85$1,860$158,067
Self Education expenses4%45$1,529$68,788
Total Deductions79%995$2,640$2,627,011
Taxable Income99%1,240$48,506$60,147,739
Medicare Levy 68%850$955$811,695
Medicare Surcharge 0%5$1,208$6,041
Gross Tax 79%995$11,849$11,789,828
Net Tax 71%895$12,947$11,587,836
Average Tax 100%1,255 $9,233$11,587,836
Gross Tax Rate 79%995 24%$11,789,828
Net Tax Rate 71%895 27%$11,587,836
Average Tax Rate 100%1,255 19%$11,587,836
%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 $48,506. It is estimated that the average taxable income for people who paid a net amount of tax was $62578.

The average net tax paid was $12,947. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 850 people for an average of $955. 5 people paid $1,208 on average more for the Medicare surcharge.

915 people earned a salary or wage and took home an average of $46,396 each.

Government allowance and payments were collected by 65 people for on average $5,302. 75 people received the pension or other allowance.

Charitable gifts and donations of an average of $307 were made by 415 people.

The costs of tax affairs for 595 people were claimed for $263 each.