TaxStats for postcode 2047 FY2013

Postcode 2047 includes Drummoyne in New South Wales, and is in the federal electorate of Reid.

In FY 2013 the ATO recorded 7,495 individuals in postcode 2047. Of these people, 7,445 made a taxable income or loss. 6,430 of the population paid a gross amount of tax. After tax offsets, 6,045 people actually paid a net amount of tax. There were 1,400 non-taxable people who paid net tax of $0.

Compare TaxStats of 2047 with NSW

2047 TaxStats FY2013%Ppl#Ppl2047
Total Individuals100%7,495
Salary or Wage 77%5,775$81,390$470,024,395
Gross Interest69%5,195$3,882$20,167,316
Unfranked Dividends12%910$1,026$933,938
Franked Dividends36%2,720$11,158$30,348,600
Dividend Franking Credit36%2,710$4,796$12,998,469
Capital Gains6%470$22,660$10,650,290
Termination Payouts2%145$23,551$3,414,879
Tips/Directors Fees etc16%1,195$7,493$8,953,674
Business Income10%775$37,166$28,803,683
Foreign Income9%680$2,000$1,359,780
Government payments3%200$5,070$1,014,016
Government pensions4%270$9,865$2,663,505
Total Income or Loss100%7,470$89,726$670,255,863
Charitable Gifts45%3,345$979$3,276,364
Cost of Tax Affairs53%3,980$597$2,376,138
Work Car expenses24%1,815$3,616$6,562,660
Work Travel expenses16%1,180$1,419$1,674,478
Self Education expenses6%415$2,928$1,215,295
Total Deductions85%6,355$4,734$30,081,468
Taxable Income99%7,445$85,704$638,069,408
Medicare Levy 78%5,815$1,552$9,027,786
Medicare Surcharge 2%165$1,531$252,674
Gross Tax 86%6,430$26,724$171,836,992
Net Tax 81%6,045$29,405$177,753,760
Average Tax 100%7,495 $23,716$177,753,760
Gross Tax Rate 86%6,430 31%$171,836,992
Net Tax Rate 81%6,045 34%$177,753,760
Average Tax Rate 100%7,495 28%$177,753,760
%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 $85,704. It is estimated that the average taxable income for people who paid a net amount of tax was $102774.

The average net tax paid was $29,405. This equates to an average tax of 34 cents in the dollar on taxable income.

The Medicare levy was paid by 5,815 people for an average of $1,552. 165 people paid $1,531 on average more for the Medicare surcharge.

5,775 people earned a salary or wage and took home an average of $81,390 each.

Government allowance and payments were collected by 200 people for on average $5,070. 270 people received the pension or other allowance.

Charitable gifts and donations of an average of $979 were made by 3,345 people.

The costs of tax affairs for 3,980 people were claimed for $597 each.