TaxStats for postcode 2065 FY2013

Postcode 2065 includes Crows Nest, Gore Hill, Greenwich, Naremburn, Royal North Shore Hospital, St Leonards, Wollstonecraft in New South Wales, and is in the federal electorate of North Sydney.

In FY 2013 the ATO recorded 19,645 individuals in postcode 2065. Of these people, 19,515 made a taxable income or loss. 16,915 of the population paid a gross amount of tax. After tax offsets, 16,080 people actually paid a net amount of tax. There were 3,435 non-taxable people who paid net tax of $0.

Compare TaxStats of 2065 with NSW

2065 TaxStats FY2013%Ppl#Ppl2065
Total Individuals100%19,645
Salary or Wage 80%15,800$82,573$1,304,651,904
Gross Interest71%14,040$3,736$52,456,343
Unfranked Dividends13%2,560$1,315$3,367,328
Franked Dividends32%6,370$14,149$90,131,182
Dividend Franking Credit32%6,350$6,081$38,611,967
Capital Gains6%1,235$19,273$23,801,870
Termination Payouts2%395$29,882$11,803,283
Tips/Directors Fees etc15%2,850$7,701$21,947,147
Business Income9%1,805$42,370$76,478,419
Foreign Income11%2,080$2,847$5,922,782
Government payments3%535$5,029$2,690,692
Government pensions2%440$9,430$4,149,321
Total Income or Loss100%19,560$92,758$1,814,349,197
Charitable Gifts39%7,750$1,017$7,881,413
Cost of Tax Affairs47%9,330$744$6,944,026
Work Car expenses19%3,725$3,196$11,903,848
Work Travel expenses15%2,875$1,423$4,091,130
Self Education expenses6%1,235$3,010$3,717,237
Total Deductions83%16,310$4,315$70,379,693
Taxable Income99%19,515$89,228$1,741,293,177
Medicare Levy 76%14,980$1,612$24,145,741
Medicare Surcharge 2%405$1,231$498,485
Gross Tax 86%16,915$28,264$478,087,794
Net Tax 82%16,080$30,677$493,291,093
Average Tax 100%19,645 $25,110$493,291,093
Gross Tax Rate 86%16,915 32%$478,087,794
Net Tax Rate 82%16,080 34%$493,291,093
Average Tax Rate 100%19,645 28%$493,291,093
%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 $89,228. It is estimated that the average taxable income for people who paid a net amount of tax was $105726.

The average net tax paid was $30,677. This equates to an average tax of 34 cents in the dollar on taxable income.

The Medicare levy was paid by 14,980 people for an average of $1,612. 405 people paid $1,231 on average more for the Medicare surcharge.

15,800 people earned a salary or wage and took home an average of $82,573 each.

Government allowance and payments were collected by 535 people for on average $5,029. 440 people received the pension or other allowance.

Charitable gifts and donations of an average of $1,017 were made by 7,750 people.

The costs of tax affairs for 9,330 people were claimed for $744 each.