TaxStats for postcode 2066 FY2013

Postcode 2066 includes Lane Cove, Lane Cove North, Lane Cove West, Linley Point, Longueville, Northwood, Osborne Park, Riverview in New South Wales, and is in the federal electorate of North Sydney.

In FY 2013 the ATO recorded 17,795 individuals in postcode 2066. Of these people, 17,660 made a taxable income or loss. 14,940 of the population paid a gross amount of tax. After tax offsets, 14,010 people actually paid a net amount of tax. There were 3,650 non-taxable people who paid net tax of $0.

Compare TaxStats of 2066 with NSW

2066 TaxStats FY2013%Ppl#Ppl2066
Total Individuals100%17,795
Salary or Wage 77%13,630$84,057$1,145,692,573
Gross Interest71%12,555$3,982$49,995,032
Unfranked Dividends15%2,700$1,136$3,067,887
Franked Dividends38%6,730$12,502$84,137,967
Dividend Franking Credit38%6,700$5,378$36,032,993
Capital Gains7%1,215$28,911$35,126,383
Termination Payouts2%325$36,642$11,908,691
Tips/Directors Fees etc14%2,555$7,510$19,188,037
Business Income10%1,800$52,730$94,913,482
Foreign Income11%2,015$2,785$5,611,518
Government payments3%575$5,234$3,009,608
Government pensions4%630$9,558$6,021,434
Total Income or Loss100%17,735$96,654$1,714,150,448
Charitable Gifts43%7,670$1,131$8,675,845
Cost of Tax Affairs48%8,500$785$6,671,076
Work Car expenses20%3,515$3,430$12,057,376
Work Travel expenses13%2,300$1,394$3,205,788
Self Education expenses5%905$2,572$2,327,936
Total Deductions82%14,615$4,934$72,115,040
Taxable Income99%17,660$92,760$1,638,136,154
Medicare Levy 76%13,495$1,729$23,326,770
Medicare Surcharge 1%195$1,342$261,660
Gross Tax 84%14,940$31,300$467,625,988
Net Tax 79%14,010$34,352$481,268,810
Average Tax 100%17,795 $27,045$481,268,810
Gross Tax Rate 84%14,940 34%$467,625,988
Net Tax Rate 79%14,010 37%$481,268,810
Average Tax Rate 100%17,795 29%$481,268,810
%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 $92,760. It is estimated that the average taxable income for people who paid a net amount of tax was $113800.

The average net tax paid was $34,352. This equates to an average tax of 37 cents in the dollar on taxable income.

The Medicare levy was paid by 13,495 people for an average of $1,729. 195 people paid $1,342 on average more for the Medicare surcharge.

13,630 people earned a salary or wage and took home an average of $84,057 each.

Government allowance and payments were collected by 575 people for on average $5,234. 630 people received the pension or other allowance.

Charitable gifts and donations of an average of $1,131 were made by 7,670 people.

The costs of tax affairs for 8,500 people were claimed for $785 each.