TaxStats for postcode 2033 FY2013

Postcode 2033 includes Kensington in New South Wales, and is in the federal electorate of Kingsford Smith.

In FY 2013 the ATO recorded 6,830 individuals in postcode 2033. Of these people, 6,790 made a taxable income or loss. 5,475 of the population paid a gross amount of tax. After tax offsets, 5,075 people actually paid a net amount of tax. There were 1,715 non-taxable people who paid net tax of $0.

Compare TaxStats of 2033 with NSW

2033 TaxStats FY2013%Ppl#Ppl2033
Avg
2033
Total
Total Individuals100%6,830
Income
Salary or Wage 81%5,520$61,012$336,786,562
Gross Interest66%4,525$3,137$14,197,148
Unfranked Dividends9%585$1,076$629,525
Franked Dividends24%1,665$9,138$15,214,043
Dividend Franking Credit24%1,660$3,917$6,502,794
Capital Gains4%290$52,692$15,280,665
Termination Payouts1%100$24,978$2,497,829
Tips/Directors Fees etc16%1,120$4,915$5,504,907
Business Income10%670$39,443$26,426,927
Foreign Income7%455$3,086$1,404,065
Government payments6%415$5,720$2,373,757
Government pensions2%170$9,899$1,682,901
Total Income or Loss99%6,795$70,050$475,988,577
Deducations
Charitable Gifts35%2,370$705$1,669,993
Cost of Tax Affairs46%3,135$482$1,510,310
Work Car expenses18%1,225$3,050$3,736,148
Work Travel expenses15%1,005$1,546$1,553,544
Self Education expenses6%435$2,653$1,154,187
Total Deductions78%5,300$3,760$19,930,452
Taxation
Taxable Income99%6,790$67,073$455,426,240
Medicare Levy 69%4,685$1,319$6,180,771
Medicare Surcharge 1%100$1,072$107,239
Gross Tax 80%5,475$20,658$113,104,604
Net Tax 74%5,075$22,975$116,599,256
Average Tax 100%6,830 $17,072$116,599,256
Gross Tax Rate 80%5,475 31%$113,104,604
Net Tax Rate 74%5,075 34%$116,599,256
Average Tax Rate 100%6,830 25%$116,599,256
%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 $67,073. It is estimated that the average taxable income for people who paid a net amount of tax was $85684.

The average net tax paid was $22,975. This equates to an average tax of 34 cents in the dollar on taxable income.

The Medicare levy was paid by 4,685 people for an average of $1,319. 100 people paid $1,072 on average more for the Medicare surcharge.

5,520 people earned a salary or wage and took home an average of $61,012 each.

Government allowance and payments were collected by 415 people for on average $5,720. 170 people received the pension or other allowance.

Charitable gifts and donations of an average of $705 were made by 2,370 people.

The costs of tax affairs for 3,135 people were claimed for $482 each.