TaxStats for postcode 2028 FY2013

Postcode 2028 includes Double Bay in New South Wales, and is in the federal electorate of Wentworth.

In FY 2013 the ATO recorded 3,340 individuals in postcode 2028. Of these people, 3,315 made a taxable income or loss. 2,870 of the population paid a gross amount of tax. After tax offsets, 2,700 people actually paid a net amount of tax. There were 615 non-taxable people who paid net tax of $0.

Compare TaxStats of 2028 with NSW

2028 TaxStats FY2013%Ppl#Ppl2028
Total Individuals100%3,340
Salary or Wage 69%2,300$83,752$192,628,593
Gross Interest71%2,355$7,405$17,439,290
Unfranked Dividends14%480$2,873$1,379,046
Franked Dividends37%1,230$35,407$43,551,134
Dividend Franking Credit37%1,225$15,234$18,661,298
Capital Gains8%255$54,651$13,935,902
Termination Payouts2%60$23,829$1,429,749
Tips/Directors Fees etc12%405$9,770$3,956,987
Business Income12%410$51,232$21,005,062
Foreign Income12%410$4,150$1,701,660
Government payments3%105$5,689$597,302
Government pensions2%65$12,487$811,657
Total Income or Loss100%3,325$121,281$403,258,312
Charitable Gifts39%1,300$4,773$6,205,473
Cost of Tax Affairs52%1,730$1,428$2,470,926
Work Car expenses16%545$3,838$2,091,638
Work Travel expenses13%445$2,009$893,920
Self Education expenses5%165$2,592$427,615
Total Deductions82%2,725$8,468$23,075,264
Taxable Income99%3,315$113,839$377,377,495
Medicare Levy 77%2,560$2,096$5,364,482
Medicare Surcharge 2%65$1,292$83,985
Gross Tax 86%2,870$41,283$118,482,675
Net Tax 81%2,700$44,973$121,427,740
Average Tax 100%3,340 $36,356$121,427,740
Gross Tax Rate 86%2,870 36%$118,482,675
Net Tax Rate 81%2,700 40%$121,427,740
Average Tax Rate 100%3,340 32%$121,427,740
%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 $113,839. It is estimated that the average taxable income for people who paid a net amount of tax was $137036.

The average net tax paid was $44,973. This equates to an average tax of 40 cents in the dollar on taxable income.

The Medicare levy was paid by 2,560 people for an average of $2,096. 65 people paid $1,292 on average more for the Medicare surcharge.

2,300 people earned a salary or wage and took home an average of $83,752 each.

Government allowance and payments were collected by 105 people for on average $5,689. 65 people received the pension or other allowance.

Charitable gifts and donations of an average of $4,773 were made by 1,300 people.

The costs of tax affairs for 1,730 people were claimed for $1,428 each.