TaxStats for postcode 2088 FY2013

Postcode 2088 includes Mosman, Spit Junction in New South Wales, and is in the federal electorate of Warringah.

In FY 2013 the ATO recorded 19,200 individuals in postcode 2088. Of these people, 18,985 made a taxable income or loss. 16,030 of the population paid a gross amount of tax. After tax offsets, 15,070 people actually paid a net amount of tax. There were 3,915 non-taxable people who paid net tax of $0.

Compare TaxStats of 2088 with NSW

2088 TaxStats FY2013%Ppl#Ppl2088
Total Individuals100%19,200
Salary or Wage 67%12,880$116,958$1,506,423,661
Gross Interest74%14,130$7,297$103,103,329
Unfranked Dividends17%3,205$3,755$12,035,577
Franked Dividends41%7,865$28,378$223,193,970
Dividend Franking Credit41%7,845$12,187$95,607,316
Capital Gains9%1,680$50,532$84,893,005
Termination Payouts2%345$65,359$22,548,750
Tips/Directors Fees etc13%2,480$11,128$27,597,467
Business Income11%2,050$52,145$106,896,709
Foreign Income15%2,940$8,617$25,335,234
Government payments2%455$5,240$2,384,309
Government pensions3%550$10,100$5,554,992
Total Income or Loss99%19,080$145,576$2,777,587,591
Charitable Gifts42%8,135$2,196$17,866,357
Cost of Tax Affairs52%9,985$1,336$13,338,311
Work Car expenses17%3,220$3,947$12,709,688
Work Travel expenses12%2,220$1,919$4,259,894
Self Education expenses4%795$2,958$2,351,900
Total Deductions81%15,625$7,387$115,419,725
Taxable Income99%18,985$139,191$2,642,549,392
Medicare Levy 74%14,295$2,640$37,738,951
Medicare Surcharge 2%380$1,929$732,849
Gross Tax 83%16,030$55,553$890,509,075
Net Tax 78%15,070$60,554$912,548,751
Average Tax 100%19,200 $47,529$912,548,751
Gross Tax Rate 83%16,030 40%$890,509,075
Net Tax Rate 78%15,070 44%$912,548,751
Average Tax Rate 100%19,200 34%$912,548,751
%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 $139,191. It is estimated that the average taxable income for people who paid a net amount of tax was $172234.

The average net tax paid was $60,554. This equates to an average tax of 44 cents in the dollar on taxable income.

The Medicare levy was paid by 14,295 people for an average of $2,640. 380 people paid $1,929 on average more for the Medicare surcharge.

12,880 people earned a salary or wage and took home an average of $116,958 each.

Government allowance and payments were collected by 455 people for on average $5,240. 550 people received the pension or other allowance.

Charitable gifts and donations of an average of $2,196 were made by 8,135 people.

The costs of tax affairs for 9,985 people were claimed for $1,336 each.