TaxStats for postcode 2050 FY2013

Postcode 2050 includes Camperdown, Missenden Road in New South Wales, and is in the federal electorate of Grayndler.

In FY 2013 the ATO recorded 4,725 individuals in postcode 2050. Of these people, 4,705 made a taxable income or loss. 4,130 of the population paid a gross amount of tax. After tax offsets, 3,980 people actually paid a net amount of tax. There were 725 non-taxable people who paid net tax of $0.

Compare TaxStats of 2050 with NSW

2050 TaxStats FY2013%Ppl#Ppl2050
Total Individuals100%4,725
Salary or Wage 90%4,240$72,537$307,556,537
Gross Interest66%3,120$1,768$5,517,683
Unfranked Dividends7%330$9,868$3,256,277
Franked Dividends20%965$4,881$4,710,564
Dividend Franking Credit20%960$2,100$2,016,237
Capital Gains4%180$16,857$3,034,286
Termination Payouts2%100$31,846$3,184,648
Tips/Directors Fees etc17%800$4,972$3,977,498
Business Income12%550$29,668$16,317,252
Foreign Income6%265$1,745$462,428
Government payments6%290$5,539$1,606,260
Government pensions1%65$10,289$668,800
Total Income or Loss100%4,710$77,615$365,565,260
Charitable Gifts39%1,850$544$1,006,758
Cost of Tax Affairs48%2,260$455$1,027,486
Work Car expenses21%975$3,311$3,228,508
Work Travel expenses19%920$1,873$1,723,432
Self Education expenses9%410$2,615$1,072,175
Total Deductions85%4,005$3,831$15,341,668
Taxable Income100%4,705$74,351$349,821,743
Medicare Levy 80%3,800$1,293$4,914,688
Medicare Surcharge 3%145$1,469$213,015
Gross Tax 87%4,130$20,535$84,810,618
Net Tax 84%3,980$22,196$88,340,266
Average Tax 100%4,725 $18,696$88,340,266
Gross Tax Rate 87%4,130 28%$84,810,618
Net Tax Rate 84%3,980 30%$88,340,266
Average Tax Rate 100%4,725 25%$88,340,266
%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 $74,351. It is estimated that the average taxable income for people who paid a net amount of tax was $85709.

The average net tax paid was $22,196. This equates to an average tax of 30 cents in the dollar on taxable income.

The Medicare levy was paid by 3,800 people for an average of $1,293. 145 people paid $1,469 on average more for the Medicare surcharge.

4,240 people earned a salary or wage and took home an average of $72,537 each.

Government allowance and payments were collected by 290 people for on average $5,539. 65 people received the pension or other allowance.

Charitable gifts and donations of an average of $544 were made by 1,850 people.

The costs of tax affairs for 2,260 people were claimed for $455 each.