TaxStats for postcode 2104 FY2013

Postcode 2104 includes Bayview in New South Wales, and is in the federal electorate of Mackellar.

In FY 2013 the ATO recorded 2,320 individuals in postcode 2104. Of these people, 2,300 made a taxable income or loss. 1,845 of the population paid a gross amount of tax. After tax offsets, 1,625 people actually paid a net amount of tax. There were 675 non-taxable people who paid net tax of $0.

Compare TaxStats of 2104 with NSW

2104 TaxStats FY2013%Ppl#Ppl2104
Total Individuals100%2,320
Salary or Wage 57%1,330$74,741$99,406,032
Gross Interest72%1,660$6,793$11,275,879
Unfranked Dividends16%365$3,546$1,294,227
Franked Dividends45%1,045$26,790$27,995,677
Dividend Franking Credit45%1,040$11,527$11,987,973
Capital Gains8%185$15,378$2,844,945
Termination Payouts1%20$18,508$370,165
Tips/Directors Fees etc14%335$8,625$2,889,248
Business Income10%235$30,821$7,243,024
Foreign Income14%320$5,385$1,723,062
Government payments3%70$5,180$362,582
Government pensions7%170$9,079$1,543,445
Total Income or Loss99%2,305$86,726$199,902,694
Charitable Gifts36%845$1,568$1,324,772
Cost of Tax Affairs51%1,180$912$1,076,742
Work Car expenses15%340$3,901$1,326,449
Work Travel expenses7%165$2,645$436,406
Self Education expenses2%55$2,862$157,425
Total Deductions78%1,820$5,455$9,928,202
Taxable Income99%2,300$82,493$189,732,858
Medicare Levy 68%1,580$1,673$2,642,585
Medicare Surcharge 1%25$2,011$50,268
Gross Tax 80%1,845$29,117$53,720,260
Net Tax 70%1,625$33,653$54,685,749
Average Tax 100%2,320 $23,571$54,685,749
Gross Tax Rate 80%1,845 35%$53,720,260
Net Tax Rate 70%1,625 41%$54,685,749
Average Tax Rate 100%2,320 29%$54,685,749
%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 $82,493. It is estimated that the average taxable income for people who paid a net amount of tax was $111774.

The average net tax paid was $33,653. This equates to an average tax of 41 cents in the dollar on taxable income.

The Medicare levy was paid by 1,580 people for an average of $1,673. 25 people paid $2,011 on average more for the Medicare surcharge.

1,330 people earned a salary or wage and took home an average of $74,741 each.

Government allowance and payments were collected by 70 people for on average $5,180. 170 people received the pension or other allowance.

Charitable gifts and donations of an average of $1,568 were made by 845 people.

The costs of tax affairs for 1,180 people were claimed for $912 each.