TaxStats for postcode 2110 FY2013

Postcode 2110 includes Hunters Hill, Hunters Hill, Hunters Hill West, Hunters Hill West, Woolwich, Woolwich in New South Wales, and is in the federal electorate of North Sydney.

In FY 2013 the ATO recorded 5,880 individuals in postcode 2110. Of these people, 5,825 made a taxable income or loss. 4,835 of the population paid a gross amount of tax. After tax offsets, 4,550 people actually paid a net amount of tax. There were 1,275 non-taxable people who paid net tax of $0.

Compare TaxStats of 2110 with NSW

2110 TaxStats FY2013%Ppl#Ppl2110
Total Individuals100%5,880
Salary or Wage 67%3,940$100,677$396,669,269
Gross Interest71%4,170$7,307$30,470,348
Unfranked Dividends16%970$7,374$7,152,788
Franked Dividends45%2,655$35,988$95,548,145
Dividend Franking Credit45%2,650$15,451$40,945,816
Capital Gains9%530$56,522$29,956,767
Termination Payouts1%80$63,904$5,112,285
Tips/Directors Fees etc14%795$10,408$8,274,350
Business Income10%595$76,621$45,589,547
Foreign Income13%780$6,254$4,878,258
Government payments3%150$5,339$800,791
Government pensions4%210$10,066$2,113,912
Total Income or Loss99%5,850$141,101$825,440,879
Charitable Gifts40%2,355$6,255$14,730,336
Cost of Tax Affairs51%3,000$1,495$4,485,676
Work Car expenses18%1,030$4,137$4,261,092
Work Travel expenses10%595$1,729$1,028,802
Self Education expenses4%220$2,431$534,846
Total Deductions81%4,735$9,344$44,242,057
Taxable Income99%5,825$133,786$779,303,641
Medicare Levy 75%4,395$2,538$11,154,676
Medicare Surcharge 1%60$1,578$94,674
Gross Tax 82%4,835$53,766$259,960,778
Net Tax 77%4,550$58,554$266,420,046
Average Tax 100%5,880 $45,310$266,420,046
Gross Tax Rate 82%4,835 40%$259,960,778
Net Tax Rate 77%4,550 44%$266,420,046
Average Tax Rate 100%5,880 34%$266,420,046
%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 $133,786. It is estimated that the average taxable income for people who paid a net amount of tax was $167913.

The average net tax paid was $58,554. This equates to an average tax of 44 cents in the dollar on taxable income.

The Medicare levy was paid by 4,395 people for an average of $2,538. 60 people paid $1,578 on average more for the Medicare surcharge.

3,940 people earned a salary or wage and took home an average of $100,677 each.

Government allowance and payments were collected by 150 people for on average $5,339. 210 people received the pension or other allowance.

Charitable gifts and donations of an average of $6,255 were made by 2,355 people.

The costs of tax affairs for 3,000 people were claimed for $1,495 each.