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 | #Ppl | 2031 Avg | 2031 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 22,385 | ||
| Income | ||||
| Salary or Wage | 81% | 18,185 | $74,423 | $1,353,374,215 |
| Gross Interest | 66% | 14,755 | $3,097 | $45,699,222 |
| Unfranked Dividends | 9% | 2,000 | $1,293 | $2,586,743 |
| Franked Dividends | 27% | 6,080 | $11,494 | $69,884,806 |
| Dividend Franking Credit | 27% | 6,055 | $4,945 | $29,942,231 |
| Capital Gains | 5% | 1,045 | $18,419 | $19,248,120 |
| Termination Payouts | 2% | 390 | $30,184 | $11,771,696 |
| Tips/Directors Fees etc | 18% | 3,965 | $5,126 | $20,322,820 |
| Business Income | 12% | 2,610 | $41,094 | $107,254,276 |
| Foreign Income | 7% | 1,615 | $3,482 | $5,623,829 |
| Government payments | 4% | 925 | $5,533 | $5,117,575 |
| Government pensions | 3% | 675 | $9,844 | $6,644,985 |
| Total Income or Loss | 100% | 22,305 | $83,387 | $1,859,952,007 |
| Deducations | ||||
| Charitable Gifts | 40% | 8,950 | $789 | $7,060,249 |
| Cost of Tax Affairs | 51% | 11,495 | $507 | $5,833,020 |
| Work Car expenses | 21% | 4,635 | $3,360 | $15,572,783 |
| Work Travel expenses | 17% | 3,720 | $1,730 | $6,435,955 |
| Self Education expenses | 6% | 1,430 | $2,564 | $3,665,894 |
| Total Deductions | 83% | 18,605 | $4,237 | $78,836,659 |
| Taxation | ||||
| Taxable Income | 99% | 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.