TaxStats for postcode 2703 FY2013

Postcode 2703 includes Yanco in New South Wales, and is in the federal electorate of Riverina.

In FY 2013 the ATO recorded 410 individuals in postcode 2703. Of these people, 405 made a taxable income or loss. 330 of the population paid a gross amount of tax. After tax offsets, 290 people actually paid a net amount of tax. There were 115 non-taxable people who paid net tax of $0.

Compare TaxStats of 2703 with NSW

2703 TaxStats FY2013%Ppl#Ppl2703
Total Individuals100%410
Salary or Wage 84%345$43,914$15,150,321
Gross Interest51%210$953$200,054
Unfranked Dividends13%55$231$12,713
Franked Dividends28%115$1,017$117,001
Dividend Franking Credit28%115$437$50,210
Capital Gains2%10$14,817$148,173
Termination Payouts2%10$3,824$38,239
Tips/Directors Fees etc24%100$1,250$124,960
Business Income7%30$3,956$118,678
Foreign Income5%20$80$1,609
Government payments10%40$3,793$151,705
Government pensions9%35$8,663$303,196
Total Income or Loss100%410$41,847$17,157,173
Charitable Gifts48%195$226$44,034
Cost of Tax Affairs50%205$261$53,502
Work Car expenses27%110$2,561$281,745
Work Travel expenses5%20$3,630$72,599
Self Education expenses4%15$1,250$18,744
Total Deductions83%340$2,659$904,084
Taxable Income99%405$39,591$16,034,366
Medicare Levy 67%275$763$209,921
Medicare Surcharge 1%5$3$14
Gross Tax 80%330$7,629$2,517,726
Net Tax 71%290$8,690$2,519,968
Average Tax 100%410 $6,146$2,519,968
Gross Tax Rate 80%330 19%$2,517,726
Net Tax Rate 71%290 22%$2,519,968
Average Tax Rate 100%410 16%$2,519,968
%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 $39,591. It is estimated that the average taxable income for people who paid a net amount of tax was $50532.

The average net tax paid was $8,690. This equates to an average tax of 22 cents in the dollar on taxable income.

The Medicare levy was paid by 275 people for an average of $763. 5 people paid $3 on average more for the Medicare surcharge.

345 people earned a salary or wage and took home an average of $43,914 each.

Government allowance and payments were collected by 40 people for on average $3,793. 35 people received the pension or other allowance.

Charitable gifts and donations of an average of $226 were made by 195 people.

The costs of tax affairs for 205 people were claimed for $261 each.