TaxStats for postcode 2114 FY2013

Postcode 2114 includes Denistone, Denistone West, Meadowbank, Melrose Park, West Ryde in New South Wales, and is in the federal electorate of Bennelong.

In FY 2013 the ATO recorded 13,385 individuals in postcode 2114. Of these people, 13,300 made a taxable income or loss. 10,815 of the population paid a gross amount of tax. After tax offsets, 10,045 people actually paid a net amount of tax. There were 3,255 non-taxable people who paid net tax of $0.

Compare TaxStats of 2114 with NSW

2114 TaxStats FY2013%Ppl#Ppl2114
Total Individuals100%13,385
Salary or Wage 82%10,945$58,769$643,221,805
Gross Interest66%8,830$2,285$20,174,796
Unfranked Dividends10%1,285$566$727,780
Franked Dividends28%3,740$4,348$16,261,852
Dividend Franking Credit28%3,720$1,873$6,966,644
Capital Gains4%530$10,915$5,784,961
Termination Payouts2%220$16,988$3,737,459
Tips/Directors Fees etc15%2,035$4,667$9,497,354
Business Income9%1,160$17,400$20,183,857
Foreign Income6%795$1,041$827,851
Government payments5%615$5,109$3,141,731
Government pensions4%470$9,671$4,545,529
Total Income or Loss99%13,315$56,708$755,072,271
Charitable Gifts35%4,690$526$2,466,212
Cost of Tax Affairs45%5,960$292$1,740,219
Work Car expenses19%2,605$2,712$7,063,742
Work Travel expenses12%1,575$979$1,541,926
Self Education expenses6%850$2,473$2,102,322
Total Deductions79%10,610$2,654$28,157,221
Taxable Income99%13,300$54,589$726,033,639
Medicare Levy 71%9,470$1,064$10,077,720
Medicare Surcharge 1%175$935$163,624
Gross Tax 81%10,815$14,391$155,633,855
Net Tax 75%10,045$16,019$160,908,954
Average Tax 100%13,385 $12,022$160,908,954
Gross Tax Rate 81%10,815 26%$155,633,855
Net Tax Rate 75%10,045 29%$160,908,954
Average Tax Rate 100%13,385 22%$160,908,954
%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 $54,589. It is estimated that the average taxable income for people who paid a net amount of tax was $68390.

The average net tax paid was $16,019. This equates to an average tax of 29 cents in the dollar on taxable income.

The Medicare levy was paid by 9,470 people for an average of $1,064. 175 people paid $935 on average more for the Medicare surcharge.

10,945 people earned a salary or wage and took home an average of $58,769 each.

Government allowance and payments were collected by 615 people for on average $5,109. 470 people received the pension or other allowance.

Charitable gifts and donations of an average of $526 were made by 4,690 people.

The costs of tax affairs for 5,960 people were claimed for $292 each.