TaxStats for postcode 2068 FY2013

Postcode 2068 includes Castlecrag, Castlecrag, Middle Cove, Middle Cove, North Willoughby, Willoughby, Willoughby, Willoughby East, Willoughby North, Willoughby North in New South Wales, and is in the federal electorate of North Sydney.

In FY 2013 the ATO recorded 10,295 individuals in postcode 2068. Of these people, 10,205 made a taxable income or loss. 8,480 of the population paid a gross amount of tax. After tax offsets, 7,925 people actually paid a net amount of tax. There were 2,280 non-taxable people who paid net tax of $0.

Compare TaxStats of 2068 with NSW

2068 TaxStats FY2013%Ppl#Ppl2068
Total Individuals100%10,295
Salary or Wage 72%7,375$96,385$710,840,695
Gross Interest71%7,270$4,685$34,059,162
Unfranked Dividends16%1,635$2,013$3,291,782
Franked Dividends42%4,300$19,763$84,982,259
Dividend Franking Credit42%4,290$8,478$36,370,536
Capital Gains8%805$31,757$25,564,709
Termination Payouts2%195$51,971$10,134,271
Tips/Directors Fees etc14%1,395$8,703$12,141,240
Business Income10%1,065$41,550$44,250,965
Foreign Income12%1,265$3,351$4,238,623
Government payments3%310$5,086$1,576,806
Government pensions4%375$8,892$3,334,399
Total Income or Loss99%10,240$111,707$1,143,878,833
Charitable Gifts42%4,340$1,120$4,861,667
Cost of Tax Affairs49%5,035$823$4,144,811
Work Car expenses18%1,885$3,628$6,837,861
Work Travel expenses12%1,205$1,506$1,815,209
Self Education expenses4%435$2,444$1,063,049
Total Deductions81%8,300$4,977$41,305,579
Taxable Income99%10,205$107,438$1,096,407,086
Medicare Levy 74%7,615$2,059$15,682,865
Medicare Surcharge 1%100$1,238$123,754
Gross Tax 82%8,480$39,765$337,205,394
Net Tax 77%7,925$43,751$346,724,794
Average Tax 100%10,295 $33,679$346,724,794
Gross Tax Rate 82%8,480 37%$337,205,394
Net Tax Rate 77%7,925 41%$346,724,794
Average Tax Rate 100%10,295 31%$346,724,794
%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 $107,438. It is estimated that the average taxable income for people who paid a net amount of tax was $134896.

The average net tax paid was $43,751. This equates to an average tax of 41 cents in the dollar on taxable income.

The Medicare levy was paid by 7,615 people for an average of $2,059. 100 people paid $1,238 on average more for the Medicare surcharge.

7,375 people earned a salary or wage and took home an average of $96,385 each.

Government allowance and payments were collected by 310 people for on average $5,086. 375 people received the pension or other allowance.

Charitable gifts and donations of an average of $1,120 were made by 4,340 people.

The costs of tax affairs for 5,035 people were claimed for $823 each.