TaxStats for postcode 2007 FY2013

Postcode 2007 includes Ultimo, Ultimo in New South Wales, and is in the federal electorate of Sydney.

In FY 2013 the ATO recorded 4,690 individuals in postcode 2007. Of these people, 4,665 made a taxable income or loss. 3,370 of the population paid a gross amount of tax. After tax offsets, 3,110 people actually paid a net amount of tax. There were 1,555 non-taxable people who paid net tax of $0.

Compare TaxStats of 2007 with NSW

2007 TaxStats FY2013%Ppl#Ppl2007
Total Individuals100%4,690
Salary or Wage 89%4,160$46,958$195,346,759
Gross Interest59%2,745$1,610$4,419,753
Unfranked Dividends4%185$542$100,235
Franked Dividends11%530$11,206$5,938,947
Dividend Franking Credit11%525$4,846$2,544,206
Capital Gains2%90$14,383$1,294,460
Termination Payouts1%60$13,633$817,984
Tips/Directors Fees etc12%540$4,014$2,167,743
Business Income7%350$14,409$5,043,029
Foreign Income3%135$1,391$187,732
Government payments5%215$5,724$1,230,686
Government pensions1%45$11,060$497,702
Total Income or Loss100%4,670$54,704$255,467,678
Charitable Gifts22%1,035$494$511,483
Cost of Tax Affairs36%1,690$6,425$10,857,426
Work Car expenses11%495$2,635$1,304,463
Work Travel expenses13%600$1,119$671,598
Self Education expenses7%310$3,042$942,938
Total Deductions70%3,280$5,650$18,532,855
Taxable Income99%4,665$49,347$230,204,999
Medicare Levy 56%2,610$1,020$2,661,699
Medicare Surcharge 2%75$1,101$82,581
Gross Tax 72%3,370$14,484$48,810,693
Net Tax 66%3,110$16,173$50,298,122
Average Tax 100%4,690 $10,725$50,298,122
Gross Tax Rate 72%3,370 29%$48,810,693
Net Tax Rate 66%3,110 33%$50,298,122
Average Tax Rate 100%4,690 22%$50,298,122
%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 $49,347. It is estimated that the average taxable income for people who paid a net amount of tax was $68021.

The average net tax paid was $16,173. This equates to an average tax of 33 cents in the dollar on taxable income.

The Medicare levy was paid by 2,610 people for an average of $1,020. 75 people paid $1,101 on average more for the Medicare surcharge.

4,160 people earned a salary or wage and took home an average of $46,958 each.

Government allowance and payments were collected by 215 people for on average $5,724. 45 people received the pension or other allowance.

Charitable gifts and donations of an average of $494 were made by 1,035 people.

The costs of tax affairs for 1,690 people were claimed for $6,425 each.