TaxStats for postcode 2089 FY2013

Postcode 2089 includes Kurraba Point, Neutral Bay, Neutral Bay Junction in New South Wales, and is in the federal electorate of North Sydney.

In FY 2013 the ATO recorded 8,865 individuals in postcode 2089. Of these people, 8,810 made a taxable income or loss. 7,650 of the population paid a gross amount of tax. After tax offsets, 7,240 people actually paid a net amount of tax. There were 1,570 non-taxable people who paid net tax of $0.

Compare TaxStats of 2089 with NSW

2089 TaxStats FY2013%Ppl#Ppl2089
Total Individuals100%8,865
Salary or Wage 78%6,935$87,070$603,833,337
Gross Interest72%6,385$3,866$24,685,506
Unfranked Dividends12%1,050$2,125$2,230,809
Franked Dividends31%2,725$13,990$38,122,809
Dividend Franking Credit31%2,715$6,017$16,335,379
Capital Gains6%525$19,983$10,491,026
Termination Payouts2%180$30,430$5,477,359
Tips/Directors Fees etc14%1,280$8,344$10,680,644
Business Income10%875$37,655$32,947,759
Foreign Income10%900$3,885$3,496,475
Government payments3%280$5,084$1,423,431
Government pensions3%235$10,142$2,383,473
Total Income or Loss100%8,835$100,247$885,680,331
Charitable Gifts40%3,555$4,587$16,307,624
Cost of Tax Affairs49%4,385$757$3,321,616
Work Car expenses22%1,935$3,337$6,456,877
Work Travel expenses16%1,455$1,431$2,082,280
Self Education expenses6%550$2,984$1,640,973
Total Deductions84%7,455$6,508$48,520,658
Taxable Income99%8,810$94,799$835,180,244
Medicare Levy 77%6,805$1,716$11,676,446
Medicare Surcharge 3%225$1,234$277,688
Gross Tax 86%7,650$31,171$238,455,455
Net Tax 82%7,240$33,933$245,673,746
Average Tax 100%8,865 $27,713$245,673,746
Gross Tax Rate 86%7,650 33%$238,455,455
Net Tax Rate 82%7,240 36%$245,673,746
Average Tax Rate 100%8,865 29%$245,673,746
%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 $94,799. It is estimated that the average taxable income for people who paid a net amount of tax was $112754.

The average net tax paid was $33,933. This equates to an average tax of 36 cents in the dollar on taxable income.

The Medicare levy was paid by 6,805 people for an average of $1,716. 225 people paid $1,234 on average more for the Medicare surcharge.

6,935 people earned a salary or wage and took home an average of $87,070 each.

Government allowance and payments were collected by 280 people for on average $5,084. 235 people received the pension or other allowance.

Charitable gifts and donations of an average of $4,587 were made by 3,555 people.

The costs of tax affairs for 4,385 people were claimed for $757 each.