TaxStats for postcode 2111 FY2013

Postcode 2111 includes Boronia Park, Boronia Park, Gladesville, Gladesville, Henley, Henley, Huntleys Cove, Huntleys Cove, Huntleys Point, Huntleys Point, Monash Park, Monash Park, Tennyson Point in New South Wales, and is in the federal electorate of Bennelong.

In FY 2013 the ATO recorded 8,695 individuals in postcode 2111. Of these people, 8,630 made a taxable income or loss. 7,275 of the population paid a gross amount of tax. After tax offsets, 6,785 people actually paid a net amount of tax. There were 1,845 non-taxable people who paid net tax of $0.

Compare TaxStats of 2111 with NSW

2111 TaxStats FY2013%Ppl#Ppl2111
Total Individuals100%8,695
Salary or Wage 78%6,755$72,007$486,406,451
Gross Interest68%5,925$3,227$19,118,477
Unfranked Dividends13%1,125$2,067$2,325,020
Franked Dividends36%3,145$9,552$30,042,138
Dividend Franking Credit36%3,140$4,100$12,872,981
Capital Gains6%555$32,848$18,230,911
Termination Payouts2%175$39,805$6,965,842
Tips/Directors Fees etc16%1,430$7,588$10,850,779
Business Income10%840$43,244$36,325,203
Foreign Income9%760$2,332$1,772,233
Government payments4%305$5,297$1,615,552
Government pensions4%330$10,231$3,376,115
Total Income or Loss100%8,655$81,263$703,330,789
Charitable Gifts40%3,500$733$2,566,271
Cost of Tax Affairs51%4,400$447$1,968,055
Work Car expenses22%1,950$3,366$6,564,443
Work Travel expenses13%1,095$1,187$1,299,920
Self Education expenses5%445$2,520$1,121,469
Total Deductions82%7,165$3,824$27,396,788
Taxable Income99%8,630$78,057$673,635,428
Medicare Levy 75%6,530$1,456$9,504,450
Medicare Surcharge 1%120$989$118,693
Gross Tax 84%7,275$24,191$175,985,952
Net Tax 78%6,785$26,677$181,003,621
Average Tax 100%8,695 $20,817$181,003,621
Gross Tax Rate 84%7,275 31%$175,985,952
Net Tax Rate 78%6,785 34%$181,003,621
Average Tax Rate 100%8,695 27%$181,003,621
%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 $78,057. It is estimated that the average taxable income for people who paid a net amount of tax was $96020.

The average net tax paid was $26,677. This equates to an average tax of 34 cents in the dollar on taxable income.

The Medicare levy was paid by 6,530 people for an average of $1,456. 120 people paid $989 on average more for the Medicare surcharge.

6,755 people earned a salary or wage and took home an average of $72,007 each.

Government allowance and payments were collected by 305 people for on average $5,297. 330 people received the pension or other allowance.

Charitable gifts and donations of an average of $733 were made by 3,500 people.

The costs of tax affairs for 4,400 people were claimed for $447 each.