TaxStats for postcode 2000 FY2013

Postcode 2000 includes Barangaroo, Darling Harbour, Dawes Point, Haymarket, Millers Point, Parliament House, Sydney, Sydney South, The Rocks in New South Wales, and is in the federal electorate of Sydney.

In FY 2013 the ATO recorded 34,525 individuals in postcode 2000. Of these people, 34,155 made a taxable income or loss. 18,525 of the population paid a gross amount of tax. After tax offsets, 16,470 people actually paid a net amount of tax. There were 17,685 non-taxable people who paid net tax of $0.

Compare TaxStats of 2000 with NSW

2000 TaxStats FY2013%Ppl#Ppl2000
Total Individuals100%34,525
Salary or Wage 88%30,310$35,953$1,089,745,192
Gross Interest34%11,660$2,805$32,708,556
Unfranked Dividends3%1,070$6,188$6,621,119
Franked Dividends8%2,725$33,417$91,060,112
Dividend Franking Credit8%2,715$14,335$38,918,986
Capital Gains2%570$64,100$36,536,871
Termination Payouts1%310$23,408$7,256,326
Tips/Directors Fees etc8%2,840$6,572$18,665,509
Business Income5%1,705$52,475$89,469,898
Foreign Income2%795$9,615$7,643,616
Government payments1%400$5,998$2,399,279
Government pensions0%140$10,465$1,465,139
Total Income or Loss99%34,230$46,806$1,602,176,210
Charitable Gifts11%3,815$2,046$7,806,363
Cost of Tax Affairs24%8,160$880$7,184,281
Work Car expenses4%1,450$3,418$4,956,729
Work Travel expenses6%2,170$1,663$3,608,628
Self Education expenses3%950$3,008$2,857,181
Total Deductions55%18,900$2,912$55,028,496
Taxable Income99%34,155$45,022$1,537,733,328
Medicare Levy 34%11,875$1,426$16,936,994
Medicare Surcharge 1%405$1,375$557,001
Gross Tax 54%18,525$20,847$386,189,974
Net Tax 48%16,470$23,905$393,715,125
Average Tax 100%34,525 $11,404$393,715,125
Gross Tax Rate 54%18,525 46%$386,189,974
Net Tax Rate 48%16,470 53%$393,715,125
Average Tax Rate 100%34,525 25%$393,715,125
%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 $45,022. It is estimated that the average taxable income for people who paid a net amount of tax was $80480.

The average net tax paid was $23,905. This equates to an average tax of 53 cents in the dollar on taxable income.

The Medicare levy was paid by 11,875 people for an average of $1,426. 405 people paid $1,375 on average more for the Medicare surcharge.

30,310 people earned a salary or wage and took home an average of $35,953 each.

Government allowance and payments were collected by 400 people for on average $5,998. 140 people received the pension or other allowance.

Charitable gifts and donations of an average of $2,046 were made by 3,815 people.

The costs of tax affairs for 8,160 people were claimed for $880 each.