TaxStats for postcode 2030 FY2013

Postcode 2030 includes Diamond Bay, Dover Heights, Hmas Watson, Rose Bay North, Vaucluse, Watsons Bay in New South Wales, and is in the federal electorate of Wentworth.

In FY 2013 the ATO recorded 9,610 individuals in postcode 2030. Of these people, 9,505 made a taxable income or loss. 8,065 of the population paid a gross amount of tax. After tax offsets, 7,555 people actually paid a net amount of tax. There were 1,950 non-taxable people who paid net tax of $0.

Compare TaxStats of 2030 with NSW

2030 TaxStats FY2013%Ppl#Ppl2030
Total Individuals100%9,610
Salary or Wage 63%6,025$100,617$606,216,840
Gross Interest72%6,940$7,779$53,985,519
Unfranked Dividends14%1,375$3,059$4,205,565
Franked Dividends39%3,790$37,019$140,300,203
Dividend Franking Credit39%3,780$15,908$60,132,161
Capital Gains9%885$85,698$75,842,930
Termination Payouts1%135$83,807$11,313,880
Tips/Directors Fees etc12%1,170$13,606$15,919,394
Business Income13%1,260$77,113$97,162,447
Foreign Income14%1,390$16,143$22,438,076
Government payments3%245$5,527$1,354,191
Government pensions2%225$10,570$2,378,235
Total Income or Loss99%9,545$152,598$1,456,552,474
Charitable Gifts38%3,690$7,508$27,703,284
Cost of Tax Affairs48%4,645$6,121$28,431,947
Work Car expenses15%1,455$4,458$6,486,587
Work Travel expenses8%770$2,225$1,713,412
Self Education expenses3%255$2,778$708,504
Total Deductions77%7,385$14,587$107,721,817
Taxable Income99%9,505$140,650$1,336,880,532
Medicare Levy 75%7,200$2,675$19,257,603
Medicare Surcharge 1%135$2,317$312,760
Gross Tax 84%8,065$56,271$453,824,221
Net Tax 79%7,555$61,482$464,496,791
Average Tax 100%9,610 $48,335$464,496,791
Gross Tax Rate 84%8,065 40%$453,824,221
Net Tax Rate 79%7,555 44%$464,496,791
Average Tax Rate 100%9,610 34%$464,496,791
%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 $140,650. It is estimated that the average taxable income for people who paid a net amount of tax was $173856.

The average net tax paid was $61,482. This equates to an average tax of 44 cents in the dollar on taxable income.

The Medicare levy was paid by 7,200 people for an average of $2,675. 135 people paid $2,317 on average more for the Medicare surcharge.

6,025 people earned a salary or wage and took home an average of $100,617 each.

Government allowance and payments were collected by 245 people for on average $5,527. 225 people received the pension or other allowance.

Charitable gifts and donations of an average of $7,508 were made by 3,690 people.

The costs of tax affairs for 4,645 people were claimed for $6,121 each.