TaxStats for postcode 2061 FY2013

Postcode 2061 includes Kirribilli, Milsons Point in New South Wales, and is in the federal electorate of North Sydney.

In FY 2013 the ATO recorded 4,195 individuals in postcode 2061. Of these people, 4,165 made a taxable income or loss. 3,595 of the population paid a gross amount of tax. After tax offsets, 3,440 people actually paid a net amount of tax. There were 725 non-taxable people who paid net tax of $0.

Compare TaxStats of 2061 with NSW

2061 TaxStats FY2013%Ppl#Ppl2061
Total Individuals100%4,195
Salary or Wage 76%3,185$95,677$304,731,526
Gross Interest72%3,015$6,734$20,303,804
Unfranked Dividends13%535$3,167$1,694,202
Franked Dividends31%1,300$29,969$38,959,254
Dividend Franking Credit31%1,300$12,848$16,701,781
Capital Gains8%320$37,882$12,122,194
Termination Payouts2%90$68,529$6,167,579
Tips/Directors Fees etc12%520$13,590$7,066,871
Business Income8%355$56,229$19,961,344
Foreign Income11%480$6,416$3,079,662
Government payments2%100$5,965$596,495
Government pensions1%50$9,125$456,228
Total Income or Loss100%4,175$115,472$482,094,800
Charitable Gifts39%1,640$2,153$3,530,878
Cost of Tax Affairs46%1,940$1,054$2,044,070
Work Car expenses15%640$3,453$2,209,645
Work Travel expenses15%645$1,651$1,065,001
Self Education expenses6%240$3,535$848,337
Total Deductions80%3,370$6,682$22,518,003
Taxable Income99%4,165$110,091$458,530,807
Medicare Levy 74%3,125$1,972$6,163,414
Medicare Surcharge 4%155$1,308$202,694
Gross Tax 86%3,595$38,847$139,654,144
Net Tax 82%3,440$41,627$143,197,335
Average Tax 100%4,195 $34,135$143,197,335
Gross Tax Rate 86%3,595 35%$139,654,144
Net Tax Rate 82%3,440 38%$143,197,335
Average Tax Rate 100%4,195 31%$143,197,335
%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 $110,091. It is estimated that the average taxable income for people who paid a net amount of tax was $130765.

The average net tax paid was $41,627. This equates to an average tax of 38 cents in the dollar on taxable income.

The Medicare levy was paid by 3,125 people for an average of $1,972. 155 people paid $1,308 on average more for the Medicare surcharge.

3,185 people earned a salary or wage and took home an average of $95,677 each.

Government allowance and payments were collected by 100 people for on average $5,965. 50 people received the pension or other allowance.

Charitable gifts and donations of an average of $2,153 were made by 1,640 people.

The costs of tax affairs for 1,940 people were claimed for $1,054 each.