TaxStats for postcode 2707 FY2013

Postcode 2707 includes Argoon, Argoon, Coleambally, Coleambally in New South Wales, and is in the federal electorate of Riverina.

In FY 2013 the ATO recorded 875 individuals in postcode 2707. Of these people, 850 made a taxable income or loss. 670 of the population paid a gross amount of tax. After tax offsets, 600 people actually paid a net amount of tax. There were 250 non-taxable people who paid net tax of $0.

Compare TaxStats of 2707 with NSW

2707 TaxStats FY2013%Ppl#Ppl2707
Total Individuals100%875
Salary or Wage 63%555$37,804$20,980,986
Gross Interest62%545$2,497$1,361,120
Unfranked Dividends19%165$355$58,493
Franked Dividends37%325$5,399$1,754,707
Dividend Franking Credit37%325$2,314$751,963
Capital Gains6%55$8,656$476,082
Termination Payouts1%10$4,512$45,118
Tips/Directors Fees etc18%155$1,409$218,354
Business Income10%90$18,218$1,639,622
Foreign Income6%50$398$19,881
Government payments6%50$5,272$263,608
Government pensions6%55$9,535$524,435
Total Income or Loss100%875$42,438$37,132,881
Charitable Gifts27%240$254$60,895
Cost of Tax Affairs38%330$320$105,719
Work Car expenses15%130$2,062$268,040
Work Travel expenses3%25$2,266$56,643
Self Education expenses2%20$1,800$36,008
Total Deductions74%645$3,633$2,343,343
Taxable Income97%850$38,729$32,919,896
Medicare Levy 64%560$772$432,166
Medicare Surcharge 1%5$1,246$6,230
Gross Tax 77%670$8,180$5,480,706
Net Tax 69%600$8,746$5,247,767
Average Tax 100%875 $5,997$5,247,767
Gross Tax Rate 77%670 21%$5,480,706
Net Tax Rate 69%600 23%$5,247,767
Average Tax Rate 100%875 15%$5,247,767
%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 $38,729. It is estimated that the average taxable income for people who paid a net amount of tax was $49866.

The average net tax paid was $8,746. This equates to an average tax of 23 cents in the dollar on taxable income.

The Medicare levy was paid by 560 people for an average of $772. 5 people paid $1,246 on average more for the Medicare surcharge.

555 people earned a salary or wage and took home an average of $37,804 each.

Government allowance and payments were collected by 50 people for on average $5,272. 55 people received the pension or other allowance.

Charitable gifts and donations of an average of $254 were made by 240 people.

The costs of tax affairs for 330 people were claimed for $320 each.