TaxStats for postcode 2042 FY2013

Postcode 2042 includes Enmore, Newtown in New South Wales, and is in the federal electorate of Grayndler.

In FY 2013 the ATO recorded 12,280 individuals in postcode 2042. Of these people, 12,240 made a taxable income or loss. 10,440 of the population paid a gross amount of tax. After tax offsets, 9,995 people actually paid a net amount of tax. There were 2,245 non-taxable people who paid net tax of $0.

Compare TaxStats of 2042 with NSW

2042 TaxStats FY2013%Ppl#Ppl2042
Total Individuals100%12,280
Salary or Wage 88%10,800$62,586$675,932,456
Gross Interest62%7,655$1,693$12,958,923
Unfranked Dividends6%795$637$506,521
Franked Dividends20%2,410$5,024$12,107,467
Dividend Franking Credit20%2,400$2,160$5,183,743
Capital Gains3%395$13,024$5,144,489
Termination Payouts2%235$23,911$5,619,090
Tips/Directors Fees etc14%1,695$4,872$8,258,178
Business Income13%1,575$21,030$33,122,773
Foreign Income5%615$2,408$1,480,769
Government payments9%1,060$5,690$6,030,907
Government pensions2%200$9,303$1,860,526
Total Income or Loss100%12,250$65,995$808,435,326
Charitable Gifts40%4,880$527$2,574,099
Cost of Tax Affairs46%5,650$351$1,985,784
Work Car expenses16%2,025$2,616$5,298,241
Work Travel expenses17%2,130$1,266$2,696,434
Self Education expenses7%865$2,696$2,331,792
Total Deductions82%10,085$2,987$30,122,144
Taxable Income100%12,240$63,504$777,285,016
Medicare Levy 78%9,630$1,127$10,857,731
Medicare Surcharge 2%295$1,134$334,592
Gross Tax 85%10,440$16,599$173,293,152
Net Tax 81%9,995$18,002$179,928,809
Average Tax 100%12,280 $14,652$179,928,809
Gross Tax Rate 85%10,440 26%$173,293,152
Net Tax Rate 81%9,995 28%$179,928,809
Average Tax Rate 100%12,280 23%$179,928,809
%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 $63,504. It is estimated that the average taxable income for people who paid a net amount of tax was $75072.

The average net tax paid was $18,002. This equates to an average tax of 28 cents in the dollar on taxable income.

The Medicare levy was paid by 9,630 people for an average of $1,127. 295 people paid $1,134 on average more for the Medicare surcharge.

10,800 people earned a salary or wage and took home an average of $62,586 each.

Government allowance and payments were collected by 1,060 people for on average $5,690. 200 people received the pension or other allowance.

Charitable gifts and donations of an average of $527 were made by 4,880 people.

The costs of tax affairs for 5,650 people were claimed for $351 each.