TaxStats for postcode 2607 FY2013

Postcode 2607 includes Farrer, Isaacs, Mawson, Pearce, Torrens in Australian Capital Territory, and is in the federal electorate of Canberra.

In FY 2013 the ATO recorded 9,260 individuals in postcode 2607. Of these people, 9,215 made a taxable income or loss. 7,885 of the population paid a gross amount of tax. After tax offsets, 7,330 people actually paid a net amount of tax. There were 1,885 non-taxable people who paid net tax of $0.

Compare TaxStats of 2607 with ACT

2607 TaxStats FY2013%Ppl#Ppl2607
Total Individuals100%9,260
Salary or Wage 73%6,750$69,334$468,005,535
Gross Interest67%6,245$2,535$15,829,503
Unfranked Dividends13%1,175$730$857,706
Franked Dividends37%3,400$7,404$25,173,982
Dividend Franking Credit37%3,390$3,179$10,775,447
Capital Gains6%580$12,233$7,094,936
Termination Payouts1%95$19,398$1,842,799
Tips/Directors Fees etc12%1,095$3,895$4,264,977
Business Income7%615$34,489$21,210,724
Foreign Income9%820$711$583,156
Government payments3%305$4,721$1,439,988
Government pensions6%590$7,022$4,142,783
Total Income or Loss100%9,230$70,929$654,677,970
Charitable Gifts47%4,370$873$3,813,174
Cost of Tax Affairs46%4,235$465$1,970,105
Work Car expenses20%1,865$2,132$3,976,280
Work Travel expenses8%695$1,290$896,213
Self Education expenses5%465$2,134$992,123
Total Deductions82%7,590$3,195$24,247,989
Taxable Income100%9,215$68,323$629,594,104
Medicare Levy 76%7,040$1,233$8,680,266
Medicare Surcharge 2%200$1,057$211,390
Gross Tax 85%7,885$18,665$147,176,012
Net Tax 79%7,330$20,048$146,953,591
Average Tax 100%9,260 $15,870$146,953,591
Gross Tax Rate 85%7,885 27%$147,176,012
Net Tax Rate 79%7,330 29%$146,953,591
Average Tax Rate 100%9,260 23%$146,953,591
%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 $68,323. It is estimated that the average taxable income for people who paid a net amount of tax was $82807.

The average net tax paid was $20,048. This equates to an average tax of 29 cents in the dollar on taxable income.

The Medicare levy was paid by 7,040 people for an average of $1,233. 200 people paid $1,057 on average more for the Medicare surcharge.

6,750 people earned a salary or wage and took home an average of $69,334 each.

Government allowance and payments were collected by 305 people for on average $4,721. 590 people received the pension or other allowance.

Charitable gifts and donations of an average of $873 were made by 4,370 people.

The costs of tax affairs for 4,235 people were claimed for $465 each.