TaxStats for postcode 2041 FY2013

Postcode 2041 includes Balmain, Balmain East, Birchgrove in New South Wales, and is in the federal electorate of Sydney.

In FY 2013 the ATO recorded 10,515 individuals in postcode 2041. Of these people, 10,460 made a taxable income or loss. 9,010 of the population paid a gross amount of tax. After tax offsets, 8,550 people actually paid a net amount of tax. There were 1,910 non-taxable people who paid net tax of $0.

Compare TaxStats of 2041 with NSW

2041 TaxStats FY2013%Ppl#Ppl2041
Total Individuals100%10,515
Salary or Wage 78%8,210$97,715$802,236,434
Gross Interest70%7,325$3,603$26,393,034
Unfranked Dividends13%1,335$1,466$1,956,685
Franked Dividends35%3,635$16,850$61,249,157
Dividend Franking Credit35%3,630$7,230$26,246,020
Capital Gains7%690$51,249$35,361,628
Termination Payouts2%235$46,371$10,897,152
Tips/Directors Fees etc14%1,520$10,358$15,743,772
Business Income12%1,255$45,861$57,555,270
Foreign Income11%1,115$2,525$2,815,681
Government payments3%355$5,748$2,040,460
Government pensions2%230$9,331$2,146,145
Total Income or Loss100%10,490$115,199$1,208,440,759
Charitable Gifts45%4,710$2,978$14,025,535
Cost of Tax Affairs55%5,790$809$4,682,148
Work Car expenses21%2,200$3,714$8,171,802
Work Travel expenses16%1,715$1,996$3,423,176
Self Education expenses5%535$2,887$1,544,773
Total Deductions83%8,775$6,746$59,193,041
Taxable Income99%10,460$109,696$1,147,419,029
Medicare Levy 79%8,295$1,994$16,542,726
Medicare Surcharge 3%270$1,581$426,768
Gross Tax 86%9,010$38,464$346,558,233
Net Tax 81%8,550$41,803$357,415,104
Average Tax 100%10,515 $33,991$357,415,104
Gross Tax Rate 86%9,010 35%$346,558,233
Net Tax Rate 81%8,550 38%$357,415,104
Average Tax Rate 100%10,515 31%$357,415,104
%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 $109,696. It is estimated that the average taxable income for people who paid a net amount of tax was $131520.

The average net tax paid was $41,803. This equates to an average tax of 38 cents in the dollar on taxable income.

The Medicare levy was paid by 8,295 people for an average of $1,994. 270 people paid $1,581 on average more for the Medicare surcharge.

8,210 people earned a salary or wage and took home an average of $97,715 each.

Government allowance and payments were collected by 355 people for on average $5,748. 230 people received the pension or other allowance.

Charitable gifts and donations of an average of $2,978 were made by 4,710 people.

The costs of tax affairs for 5,790 people were claimed for $809 each.