TaxStats for postcode 2105 FY2013
Postcode 2105 includes Church Point, Elvina Bay, Lovett Bay, Morning Bay, Morning Bay, Scotland Island in New South Wales, and is in the federal electorate of Mackellar.
In FY 2013 the ATO recorded 1,360 individuals in postcode 2105. Of these people, 1,345 made a taxable income or loss. 1,080 of the population paid a gross amount of tax. After tax offsets, 980 people actually paid a net amount of tax. There were 365 non-taxable people who paid net tax of $0.
Compare TaxStats of 2105 with NSW
| 2105 TaxStats FY2013 | %Ppl | #Ppl | 2105 Avg | 2105 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 1,360 | ||
| Income | ||||
| Salary or Wage | 64% | 870 | $74,415 | $64,741,304 |
| Gross Interest | 67% | 905 | $5,070 | $4,588,193 |
| Unfranked Dividends | 13% | 175 | $2,973 | $520,191 |
| Franked Dividends | 40% | 540 | $20,075 | $10,840,331 |
| Dividend Franking Credit | 40% | 540 | $8,600 | $4,644,269 |
| Capital Gains | 8% | 115 | $22,469 | $2,583,964 |
| Termination Payouts | 1% | 15 | $56,223 | $843,341 |
| Tips/Directors Fees etc | 17% | 230 | $8,812 | $2,026,727 |
| Business Income | 13% | 180 | $19,160 | $3,448,751 |
| Foreign Income | 10% | 140 | $7,228 | $1,011,889 |
| Government payments | 4% | 50 | $5,674 | $283,706 |
| Government pensions | 3% | 40 | $9,106 | $364,257 |
| Total Income or Loss | 99% | 1,350 | $86,795 | $117,173,784 |
| Deducations | ||||
| Charitable Gifts | 33% | 445 | $688 | $306,189 |
| Cost of Tax Affairs | 47% | 645 | $884 | $570,383 |
| Work Car expenses | 15% | 210 | $4,659 | $978,414 |
| Work Travel expenses | 9% | 125 | $1,552 | $193,979 |
| Self Education expenses | 3% | 45 | $1,958 | $88,098 |
| Total Deductions | 76% | 1,040 | $4,919 | $5,115,704 |
| Taxation | ||||
| Taxable Income | 99% | 1,345 | $83,110 | $111,782,685 |
| Medicare Levy | 70% | 955 | $1,666 | $1,591,171 |
| Medicare Surcharge | 1% | 15 | $1,455 | $21,826 |
| Gross Tax | 79% | 1,080 | $29,260 | $31,601,145 |
| Net Tax | 72% | 980 | $32,903 | $32,245,222 |
| Average Tax | 100% | 1,360 | $23,710 | $32,245,222 |
| Gross Tax Rate | 79% | 1,080 | 35% | $31,601,145 |
| Net Tax Rate | 72% | 980 | 40% | $32,245,222 |
| Average Tax Rate | 100% | 1,360 | 29% | $32,245,222 |
| %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 $83,110. It is estimated that the average taxable income for people who paid a net amount of tax was $109595.
The average net tax paid was $32,903. This equates to an average tax of 40 cents in the dollar on taxable income.
The Medicare levy was paid by 955 people for an average of $1,666. 15 people paid $1,455 on average more for the Medicare surcharge.
870 people earned a salary or wage and took home an average of $74,415 each.
Government allowance and payments were collected by 50 people for on average $5,674. 40 people received the pension or other allowance.
Charitable gifts and donations of an average of $688 were made by 445 people.
The costs of tax affairs for 645 people were claimed for $884 each.