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#Ppl2040
Total Individuals100%12,750
Salary or Wage 84%10,755$76,091$818,360,845
Gross Interest63%8,050$2,183$17,573,518
Unfranked Dividends8%1,055$560$590,498
Franked Dividends28%3,555$4,641$16,498,587
Dividend Franking Credit28%3,535$1,999$7,066,255
Capital Gains4%545$14,215$7,746,929
Termination Payouts2%275$29,111$8,005,492
Tips/Directors Fees etc16%2,015$6,179$12,451,489
Business Income12%1,515$28,185$42,700,995
Foreign Income7%850$1,737$1,476,428
Government payments5%655$5,629$3,686,832
Government pensions3%355$9,844$3,494,788
Total Income or Loss100%12,710$79,035$1,004,537,138
Charitable Gifts42%5,305$531$2,816,904
Cost of Tax Affairs53%6,720$433$2,910,796
Work Car expenses24%3,005$3,238$9,729,182
Work Travel expenses16%2,030$1,474$2,991,477
Self Education expenses6%730$2,786$2,033,432
Total Deductions84%10,740$3,696$39,695,792
Taxable Income100%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.