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 | #Ppl | 2030 Avg | 2030 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 9,610 | ||
| Income | ||||
| Salary or Wage | 63% | 6,025 | $100,617 | $606,216,840 |
| Gross Interest | 72% | 6,940 | $7,779 | $53,985,519 |
| Unfranked Dividends | 14% | 1,375 | $3,059 | $4,205,565 |
| Franked Dividends | 39% | 3,790 | $37,019 | $140,300,203 |
| Dividend Franking Credit | 39% | 3,780 | $15,908 | $60,132,161 |
| Capital Gains | 9% | 885 | $85,698 | $75,842,930 |
| Termination Payouts | 1% | 135 | $83,807 | $11,313,880 |
| Tips/Directors Fees etc | 12% | 1,170 | $13,606 | $15,919,394 |
| Business Income | 13% | 1,260 | $77,113 | $97,162,447 |
| Foreign Income | 14% | 1,390 | $16,143 | $22,438,076 |
| Government payments | 3% | 245 | $5,527 | $1,354,191 |
| Government pensions | 2% | 225 | $10,570 | $2,378,235 |
| Total Income or Loss | 99% | 9,545 | $152,598 | $1,456,552,474 |
| Deducations | ||||
| Charitable Gifts | 38% | 3,690 | $7,508 | $27,703,284 |
| Cost of Tax Affairs | 48% | 4,645 | $6,121 | $28,431,947 |
| Work Car expenses | 15% | 1,455 | $4,458 | $6,486,587 |
| Work Travel expenses | 8% | 770 | $2,225 | $1,713,412 |
| Self Education expenses | 3% | 255 | $2,778 | $708,504 |
| Total Deductions | 77% | 7,385 | $14,587 | $107,721,817 |
| Taxation | ||||
| Taxable Income | 99% | 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.