TaxStats for postcode 2031 FY2013

Postcode 2031 includes Clovelly, Clovelly West, Randwick, St Pauls in New South Wales, and is in the federal electorate of Kingsford Smith.

In FY 2013 the ATO recorded 22,385 individuals in postcode 2031. Of these people, 22,265 made a taxable income or loss. 19,095 of the population paid a gross amount of tax. After tax offsets, 17,970 people actually paid a net amount of tax. There were 4,295 non-taxable people who paid net tax of $0.

Compare TaxStats of 2031 with NSW

2031 TaxStats FY2013%Ppl#Ppl2031
Total Individuals100%22,385
Salary or Wage 81%18,185$74,423$1,353,374,215
Gross Interest66%14,755$3,097$45,699,222
Unfranked Dividends9%2,000$1,293$2,586,743
Franked Dividends27%6,080$11,494$69,884,806
Dividend Franking Credit27%6,055$4,945$29,942,231
Capital Gains5%1,045$18,419$19,248,120
Termination Payouts2%390$30,184$11,771,696
Tips/Directors Fees etc18%3,965$5,126$20,322,820
Business Income12%2,610$41,094$107,254,276
Foreign Income7%1,615$3,482$5,623,829
Government payments4%925$5,533$5,117,575
Government pensions3%675$9,844$6,644,985
Total Income or Loss100%22,305$83,387$1,859,952,007
Charitable Gifts40%8,950$789$7,060,249
Cost of Tax Affairs51%11,495$507$5,833,020
Work Car expenses21%4,635$3,360$15,572,783
Work Travel expenses17%3,720$1,730$6,435,955
Self Education expenses6%1,430$2,564$3,665,894
Total Deductions83%18,605$4,237$78,836,659
Taxable Income99%22,265$79,880$1,778,534,379
Medicare Levy 75%16,785$1,465$24,587,502
Medicare Surcharge 2%480$1,164$558,621
Gross Tax 85%19,095$24,506$467,937,275
Net Tax 80%17,970$26,847$482,444,559
Average Tax 100%22,385 $21,552$482,444,559
Gross Tax Rate 85%19,095 31%$467,937,275
Net Tax Rate 80%17,970 34%$482,444,559
Average Tax Rate 100%22,385 27%$482,444,559
%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 $79,880. It is estimated that the average taxable income for people who paid a net amount of tax was $96104.

The average net tax paid was $26,847. This equates to an average tax of 34 cents in the dollar on taxable income.

The Medicare levy was paid by 16,785 people for an average of $1,465. 480 people paid $1,164 on average more for the Medicare surcharge.

18,185 people earned a salary or wage and took home an average of $74,423 each.

Government allowance and payments were collected by 925 people for on average $5,533. 675 people received the pension or other allowance.

Charitable gifts and donations of an average of $789 were made by 8,950 people.

The costs of tax affairs for 11,495 people were claimed for $507 each.