TaxStats for postcode 2060 FY2013

Postcode 2060 includes Hmas Platypus, Hmas Waterhen, Lavender Bay, Mcmahons Point, North Sydney, North Sydney Shopping World, Waverton in New South Wales, and is in the federal electorate of North Sydney.

In FY 2013 the ATO recorded 9,810 individuals in postcode 2060. Of these people, 9,745 made a taxable income or loss. 8,300 of the population paid a gross amount of tax. After tax offsets, 7,835 people actually paid a net amount of tax. There were 1,910 non-taxable people who paid net tax of $0.

Compare TaxStats of 2060 with NSW

2060 TaxStats FY2013%Ppl#Ppl2060
Total Individuals100%9,810
Salary or Wage 78%7,650$80,967$619,399,038
Gross Interest70%6,890$4,215$29,037,908
Unfranked Dividends13%1,255$2,081$2,611,340
Franked Dividends31%3,015$40,105$120,916,192
Dividend Franking Credit31%2,995$17,298$51,806,755
Capital Gains6%605$38,344$23,198,321
Termination Payouts2%175$37,070$6,487,207
Tips/Directors Fees etc13%1,235$8,345$10,305,510
Business Income10%950$45,284$43,019,606
Foreign Income10%990$3,581$3,545,307
Government payments3%290$5,223$1,514,771
Government pensions3%250$9,891$2,472,739
Total Income or Loss100%9,775$106,745$1,043,430,354
Charitable Gifts38%3,680$1,940$7,138,476
Cost of Tax Affairs47%4,645$986$4,579,519
Work Car expenses17%1,625$3,405$5,533,396
Work Travel expenses14%1,385$1,599$2,214,890
Self Education expenses7%645$3,050$1,967,211
Total Deductions81%7,985$5,074$40,512,896
Taxable Income99%9,745$102,656$1,000,378,146
Medicare Levy 73%7,155$1,932$13,821,556
Medicare Surcharge 3%260$1,253$325,707
Gross Tax 85%8,300$36,286$301,177,056
Net Tax 80%7,835$39,517$309,618,672
Average Tax 100%9,810 $31,562$309,618,672
Gross Tax Rate 85%8,300 35%$301,177,056
Net Tax Rate 80%7,835 38%$309,618,672
Average Tax Rate 100%9,810 31%$309,618,672
%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 $102,656. It is estimated that the average taxable income for people who paid a net amount of tax was $124755.

The average net tax paid was $39,517. This equates to an average tax of 38 cents in the dollar on taxable income.

The Medicare levy was paid by 7,155 people for an average of $1,932. 260 people paid $1,253 on average more for the Medicare surcharge.

7,650 people earned a salary or wage and took home an average of $80,967 each.

Government allowance and payments were collected by 290 people for on average $5,223. 250 people received the pension or other allowance.

Charitable gifts and donations of an average of $1,940 were made by 3,680 people.

The costs of tax affairs for 4,645 people were claimed for $986 each.