TaxStats for postcode 2027 FY2013

Postcode 2027 includes Darling Point, Edgecliff, Hmas Rushcutters, Point Piper in New South Wales, and is in the federal electorate of Wentworth.

In FY 2013 the ATO recorded 5,980 individuals in postcode 2027. Of these people, 5,925 made a taxable income or loss. 5,115 of the population paid a gross amount of tax. After tax offsets, 4,820 people actually paid a net amount of tax. There were 1,105 non-taxable people who paid net tax of $0.

Compare TaxStats of 2027 with NSW

2027 TaxStats FY2013%Ppl#Ppl2027
Total Individuals100%5,980
Salary or Wage 62%3,730$103,763$387,036,876
Gross Interest74%4,430$11,868$52,573,186
Unfranked Dividends18%1,050$5,309$5,573,982
Franked Dividends40%2,415$84,753$204,679,018
Dividend Franking Credit40%2,410$36,394$87,709,309
Capital Gains10%570$141,919$80,893,867
Termination Payouts1%85$72,260$6,142,097
Tips/Directors Fees etc11%650$15,846$10,300,140
Business Income12%715$64,904$46,406,673
Foreign Income17%995$20,191$20,089,693
Government payments3%155$5,845$905,927
Government pensions3%170$9,996$1,699,258
Total Income or Loss100%5,955$191,029$1,137,578,104
Charitable Gifts41%2,465$10,229$25,213,625
Cost of Tax Affairs54%3,225$2,162$6,971,244
Work Car expenses14%835$3,830$3,198,323
Work Travel expenses12%720$2,304$1,659,216
Self Education expenses4%245$3,046$746,165
Total Deductions82%4,930$13,930$68,672,542
Taxable Income99%5,925$179,222$1,061,888,796
Medicare Levy 76%4,555$3,350$15,259,337
Medicare Surcharge 2%140$1,478$206,914
Gross Tax 86%5,115$75,251$384,910,590
Net Tax 81%4,820$81,583$393,232,256
Average Tax 100%5,980 $65,758$393,232,256
Gross Tax Rate 86%5,115 42%$384,910,590
Net Tax Rate 81%4,820 46%$393,232,256
Average Tax Rate 100%5,980 37%$393,232,256
%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 $179,222. It is estimated that the average taxable income for people who paid a net amount of tax was $217558.

The average net tax paid was $81,583. This equates to an average tax of 46 cents in the dollar on taxable income.

The Medicare levy was paid by 4,555 people for an average of $3,350. 140 people paid $1,478 on average more for the Medicare surcharge.

3,730 people earned a salary or wage and took home an average of $103,763 each.

Government allowance and payments were collected by 155 people for on average $5,845. 170 people received the pension or other allowance.

Charitable gifts and donations of an average of $10,229 were made by 2,465 people.

The costs of tax affairs for 3,225 people were claimed for $2,162 each.