TaxStats for postcode 2720 FY2013

Postcode 2720 includes Argalong, Blowering, Bogong Peaks Wilderness, Bombowlee, Bombowlee Creek, Buddong, Couragago, Courajago, Gadara, Gilmore, Gocup, Goobarragandra, Jones Bridge, Killimicat, Lacmalac, Little River, Midway, Minjary, Mundongo, Pinbeyan, Red Hill, Talbingo, Tumorrama, Tumut, Tumut Plains, Wereboldera, Wermatong, Windowie, Wyangle, Yarrangobilly, Yarrangobilly in New South Wales, and is in the federal electorate of Riverina.

In FY 2013 the ATO recorded 4,295 individuals in postcode 2720. Of these people, 4,280 made a taxable income or loss. 3,470 of the population paid a gross amount of tax. After tax offsets, 3,130 people actually paid a net amount of tax. There were 1,150 non-taxable people who paid net tax of $0.

Compare TaxStats of 2720 with NSW

2720 TaxStats FY2013%Ppl#Ppl2720
Total Individuals100%4,295
Salary or Wage 80%3,420$50,462$172,581,622
Gross Interest54%2,325$2,225$5,174,091
Unfranked Dividends9%390$664$259,040
Franked Dividends27%1,145$4,567$5,229,229
Dividend Franking Credit27%1,140$1,965$2,240,649
Capital Gains3%140$8,576$1,200,625
Termination Payouts1%55$7,431$408,723
Tips/Directors Fees etc20%865$3,106$2,686,583
Business Income7%300$13,616$4,084,720
Foreign Income4%155$1,399$216,862
Government payments7%295$5,587$1,648,112
Government pensions7%280$9,461$2,649,113
Total Income or Loss100%4,285$50,269$215,401,893
Charitable Gifts30%1,285$259$332,979
Cost of Tax Affairs44%1,880$317$595,330
Work Car expenses23%995$2,361$2,348,728
Work Travel expenses8%330$2,456$810,603
Self Education expenses5%200$1,604$320,701
Total Deductions82%3,515$2,526$8,877,251
Taxable Income100%4,280$48,169$206,163,971
Medicare Levy 70%3,010$922$2,775,667
Medicare Surcharge 2%65$1,242$80,751
Gross Tax 81%3,470$11,048$38,334,849
Net Tax 73%3,130$12,551$39,283,768
Average Tax 100%4,295 $9,146$39,283,768
Gross Tax Rate 81%3,470 23%$38,334,849
Net Tax Rate 73%3,130 26%$39,283,768
Average Tax Rate 100%4,295 19%$39,283,768
%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 $48,169. It is estimated that the average taxable income for people who paid a net amount of tax was $61458.

The average net tax paid was $12,551. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 3,010 people for an average of $922. 65 people paid $1,242 on average more for the Medicare surcharge.

3,420 people earned a salary or wage and took home an average of $50,462 each.

Government allowance and payments were collected by 295 people for on average $5,587. 280 people received the pension or other allowance.

Charitable gifts and donations of an average of $259 were made by 1,285 people.

The costs of tax affairs for 1,880 people were claimed for $317 each.