TaxStats for postcode 2011 FY2013
Postcode 2011 includes Elizabeth Bay, Hmas Kuttabul, Kings Cross, Potts Point, Rushcutters Bay, Woolloomooloo, Woolloomooloo in New South Wales, and is in the federal electorate of Wentworth.
In FY 2013 the ATO recorded 14,535 individuals in postcode 2011. Of these people, 14,440 made a taxable income or loss. 11,810 of the population paid a gross amount of tax. After tax offsets, 11,170 people actually paid a net amount of tax. There were 3,270 non-taxable people who paid net tax of $0.
Compare TaxStats of 2011 with NSW
| 2011 TaxStats FY2013 | %Ppl | #Ppl | 2011 Avg | 2011 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 14,535 | ||
| Income | ||||
| Salary or Wage | 84% | 12,195 | $70,460 | $859,259,702 |
| Gross Interest | 58% | 8,435 | $3,593 | $30,305,345 |
| Unfranked Dividends | 8% | 1,120 | $1,562 | $1,749,735 |
| Franked Dividends | 21% | 3,045 | $25,658 | $78,127,714 |
| Dividend Franking Credit | 21% | 3,030 | $11,049 | $33,479,536 |
| Capital Gains | 4% | 635 | $52,220 | $33,159,411 |
| Termination Payouts | 2% | 305 | $25,570 | $7,798,875 |
| Tips/Directors Fees etc | 13% | 1,875 | $8,591 | $16,107,713 |
| Business Income | 11% | 1,535 | $32,004 | $49,126,824 |
| Foreign Income | 7% | 965 | $4,794 | $4,625,910 |
| Government payments | 4% | 550 | $5,470 | $3,008,261 |
| Government pensions | 2% | 285 | $10,780 | $3,072,310 |
| Total Income or Loss | 100% | 14,475 | $86,707 | $1,255,086,546 |
| Deducations | ||||
| Charitable Gifts | 33% | 4,800 | $4,981 | $23,908,733 |
| Cost of Tax Affairs | 46% | 6,655 | $976 | $6,494,648 |
| Work Car expenses | 13% | 1,920 | $3,726 | $7,153,858 |
| Work Travel expenses | 17% | 2,455 | $2,146 | $5,268,812 |
| Self Education expenses | 6% | 900 | $2,849 | $2,564,056 |
| Total Deductions | 78% | 11,350 | $6,477 | $73,515,090 |
| Taxation | ||||
| Taxable Income | 99% | 14,440 | $81,387 | $1,175,221,329 |
| Medicare Levy | 70% | 10,155 | $1,564 | $15,885,432 |
| Medicare Surcharge | 3% | 450 | $1,228 | $552,487 |
| Gross Tax | 81% | 11,810 | $27,157 | $320,725,969 |
| Net Tax | 77% | 11,170 | $29,518 | $329,714,702 |
| Average Tax | 100% | 14,535 | $22,684 | $329,714,702 |
| Gross Tax Rate | 81% | 11,810 | 33% | $320,725,969 |
| Net Tax Rate | 77% | 11,170 | 36% | $329,714,702 |
| Average Tax Rate | 100% | 14,535 | 28% | $329,714,702 |
| %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 $81,387. It is estimated that the average taxable income for people who paid a net amount of tax was $101699.
The average net tax paid was $29,518. This equates to an average tax of 36 cents in the dollar on taxable income.
The Medicare levy was paid by 10,155 people for an average of $1,564. 450 people paid $1,228 on average more for the Medicare surcharge.
12,195 people earned a salary or wage and took home an average of $70,460 each.
Government allowance and payments were collected by 550 people for on average $5,470. 285 people received the pension or other allowance.
Charitable gifts and donations of an average of $4,981 were made by 4,800 people.
The costs of tax affairs for 6,655 people were claimed for $976 each.