TaxStats for postcode 2029 FY2013

Postcode 2029 includes Rose Bay in New South Wales, and is in the federal electorate of Wentworth.

In FY 2013 the ATO recorded 6,840 individuals in postcode 2029. Of these people, 6,790 made a taxable income or loss. 5,785 of the population paid a gross amount of tax. After tax offsets, 5,340 people actually paid a net amount of tax. There were 1,450 non-taxable people who paid net tax of $0.

Compare TaxStats of 2029 with NSW

2029 TaxStats FY2013%Ppl#Ppl2029
Total Individuals100%6,840
Salary or Wage 68%4,685$78,924$369,757,729
Gross Interest70%4,775$6,397$30,544,646
Unfranked Dividends12%845$1,815$1,534,069
Franked Dividends35%2,370$33,944$80,446,956
Dividend Franking Credit35%2,360$14,610$34,478,636
Capital Gains8%550$43,683$24,025,803
Termination Payouts2%110$25,538$2,809,217
Tips/Directors Fees etc12%845$9,241$7,808,584
Business Income13%905$47,619$43,095,570
Foreign Income12%800$2,990$2,392,121
Government payments3%230$5,319$1,223,403
Government pensions3%230$10,331$2,376,098
Total Income or Loss99%6,805$110,404$751,300,782
Charitable Gifts39%2,685$2,891$7,761,882
Cost of Tax Affairs52%3,545$1,299$4,605,701
Work Car expenses18%1,235$3,785$4,674,874
Work Travel expenses12%845$1,774$1,498,906
Self Education expenses4%270$2,627$709,418
Total Deductions80%5,495$7,243$39,801,410
Taxable Income99%6,790$104,427$709,058,764
Medicare Levy 75%5,105$1,983$10,120,933
Medicare Surcharge 2%115$1,274$146,507
Gross Tax 85%5,785$37,395$216,328,395
Net Tax 78%5,340$41,653$222,425,102
Average Tax 100%6,840 $32,518$222,425,102
Gross Tax Rate 85%5,785 36%$216,328,395
Net Tax Rate 78%5,340 40%$222,425,102
Average Tax Rate 100%6,840 31%$222,425,102
%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 $104,427. It is estimated that the average taxable income for people who paid a net amount of tax was $129524.

The average net tax paid was $41,653. This equates to an average tax of 40 cents in the dollar on taxable income.

The Medicare levy was paid by 5,105 people for an average of $1,983. 115 people paid $1,274 on average more for the Medicare surcharge.

4,685 people earned a salary or wage and took home an average of $78,924 each.

Government allowance and payments were collected by 230 people for on average $5,319. 230 people received the pension or other allowance.

Charitable gifts and donations of an average of $2,891 were made by 2,685 people.

The costs of tax affairs for 3,545 people were claimed for $1,299 each.