TaxStats for postcode 2040 FY2013
Postcode 2040 includes Leichhardt, Lilyfield in New South Wales, and is in the federal electorate of Grayndler.
In FY 2013 the ATO recorded 12,750 individuals in postcode 2040. Of these people, 12,695 made a taxable income or loss. 10,920 of the population paid a gross amount of tax. After tax offsets, 10,345 people actually paid a net amount of tax. There were 2,350 non-taxable people who paid net tax of $0.
Compare TaxStats of 2040 with NSW
| 2040 TaxStats FY2013 | %Ppl | #Ppl | 2040 Avg | 2040 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 12,750 | ||
| Income | ||||
| Salary or Wage | 84% | 10,755 | $76,091 | $818,360,845 |
| Gross Interest | 63% | 8,050 | $2,183 | $17,573,518 |
| Unfranked Dividends | 8% | 1,055 | $560 | $590,498 |
| Franked Dividends | 28% | 3,555 | $4,641 | $16,498,587 |
| Dividend Franking Credit | 28% | 3,535 | $1,999 | $7,066,255 |
| Capital Gains | 4% | 545 | $14,215 | $7,746,929 |
| Termination Payouts | 2% | 275 | $29,111 | $8,005,492 |
| Tips/Directors Fees etc | 16% | 2,015 | $6,179 | $12,451,489 |
| Business Income | 12% | 1,515 | $28,185 | $42,700,995 |
| Foreign Income | 7% | 850 | $1,737 | $1,476,428 |
| Government payments | 5% | 655 | $5,629 | $3,686,832 |
| Government pensions | 3% | 355 | $9,844 | $3,494,788 |
| Total Income or Loss | 100% | 12,710 | $79,035 | $1,004,537,138 |
| Deducations | ||||
| Charitable Gifts | 42% | 5,305 | $531 | $2,816,904 |
| Cost of Tax Affairs | 53% | 6,720 | $433 | $2,910,796 |
| Work Car expenses | 24% | 3,005 | $3,238 | $9,729,182 |
| Work Travel expenses | 16% | 2,030 | $1,474 | $2,991,477 |
| Self Education expenses | 6% | 730 | $2,786 | $2,033,432 |
| Total Deductions | 84% | 10,740 | $3,696 | $39,695,792 |
| Taxation | ||||
| Taxable Income | 100% | 12,695 | $75,939 | $964,040,660 |
| Medicare Levy | 79% | 10,040 | $1,363 | $13,685,807 |
| Medicare Surcharge | 2% | 285 | $1,207 | $344,126 |
| Gross Tax | 86% | 10,920 | $21,940 | $239,586,065 |
| Net Tax | 81% | 10,345 | $23,945 | $247,708,180 |
| Average Tax | 100% | 12,750 | $19,428 | $247,708,180 |
| Gross Tax Rate | 86% | 10,920 | 29% | $239,586,065 |
| Net Tax Rate | 81% | 10,345 | 32% | $247,708,180 |
| Average Tax Rate | 100% | 12,750 | 26% | $247,708,180 |
| %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 $75,939. It is estimated that the average taxable income for people who paid a net amount of tax was $90463.
The average net tax paid was $23,945. This equates to an average tax of 32 cents in the dollar on taxable income.
The Medicare levy was paid by 10,040 people for an average of $1,363. 285 people paid $1,207 on average more for the Medicare surcharge.
10,755 people earned a salary or wage and took home an average of $76,091 each.
Government allowance and payments were collected by 655 people for on average $5,629. 355 people received the pension or other allowance.
Charitable gifts and donations of an average of $531 were made by 5,305 people.
The costs of tax affairs for 6,720 people were claimed for $433 each.