TaxStats for postcode 2601 FY2013

Postcode 2601 includes Acton, Black Mountain, Canberra, City in Australian Capital Territory, and is in the federal electorate of Fraser.

In FY 2013 the ATO recorded 2,650 individuals in postcode 2601. Of these people, 2,620 made a taxable income or loss. 1,800 of the population paid a gross amount of tax. After tax offsets, 1,685 people actually paid a net amount of tax. There were 935 non-taxable people who paid net tax of $0.

Compare TaxStats of 2601 with ACT

2601 TaxStats FY2013%Ppl#Ppl2601
Total Individuals100%2,650
Salary or Wage 82%2,185$57,390$125,396,805
Gross Interest67%1,775$2,041$3,622,769
Unfranked Dividends7%180$3,195$575,012
Franked Dividends18%485$11,306$5,483,443
Dividend Franking Credit18%480$4,885$2,344,927
Capital Gains4%105$20,693$2,172,750
Termination Payouts1%25$25,971$649,282
Tips/Directors Fees etc14%370$7,167$2,651,642
Business Income5%125$29,063$3,632,912
Foreign Income5%130$1,229$159,775
Government payments7%195$6,115$1,192,431
Government pensions2%45$8,248$371,161
Total Income or Loss99%2,630$61,714$162,306,713
Charitable Gifts30%795$771$613,165
Cost of Tax Affairs33%870$601$522,721
Work Car expenses15%395$2,220$876,938
Work Travel expenses10%255$1,157$294,989
Self Education expenses7%185$2,755$509,654
Total Deductions67%1,775$3,327$5,905,047
Taxable Income99%2,620$59,545$156,007,924
Medicare Levy 55%1,460$1,360$1,985,516
Medicare Surcharge 3%70$1,162$81,371
Gross Tax 68%1,800$21,054$37,896,737
Net Tax 64%1,685$22,866$38,529,239
Average Tax 100%2,650 $14,539$38,529,239
Gross Tax Rate 68%1,800 35%$37,896,737
Net Tax Rate 64%1,685 38%$38,529,239
Average Tax Rate 100%2,650 24%$38,529,239
%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 $59,545. It is estimated that the average taxable income for people who paid a net amount of tax was $85928.

The average net tax paid was $22,866. This equates to an average tax of 38 cents in the dollar on taxable income.

The Medicare levy was paid by 1,460 people for an average of $1,360. 70 people paid $1,162 on average more for the Medicare surcharge.

2,185 people earned a salary or wage and took home an average of $57,390 each.

Government allowance and payments were collected by 195 people for on average $6,115. 45 people received the pension or other allowance.

Charitable gifts and donations of an average of $771 were made by 795 people.

The costs of tax affairs for 870 people were claimed for $601 each.