TaxStats for postcode 2119 FY2013
Postcode 2119 includes Beecroft, Cheltenham in New South Wales, and is in the federal electorate of Bennelong.
In FY 2013 the ATO recorded 7,235 individuals in postcode 2119. Of these people, 7,180 made a taxable income or loss. 5,790 of the population paid a gross amount of tax. After tax offsets, 5,315 people actually paid a net amount of tax. There were 1,865 non-taxable people who paid net tax of $0.
Compare TaxStats of 2119 with NSW
| 2119 TaxStats FY2013 | %Ppl | #Ppl | 2119 Avg | 2119 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 7,235 | ||
| Income | ||||
| Salary or Wage | 71% | 5,130 | $77,883 | $399,541,731 |
| Gross Interest | 71% | 5,165 | $4,319 | $22,306,331 |
| Unfranked Dividends | 19% | 1,345 | $989 | $1,330,590 |
| Franked Dividends | 47% | 3,390 | $11,599 | $39,321,371 |
| Dividend Franking Credit | 47% | 3,380 | $4,970 | $16,799,715 |
| Capital Gains | 8% | 565 | $18,114 | $10,234,544 |
| Termination Payouts | 1% | 105 | $42,968 | $4,511,632 |
| Tips/Directors Fees etc | 15% | 1,060 | $6,632 | $7,030,038 |
| Business Income | 9% | 620 | $54,319 | $33,677,601 |
| Foreign Income | 12% | 895 | $1,366 | $1,222,261 |
| Government payments | 3% | 230 | $4,653 | $1,070,222 |
| Government pensions | 4% | 325 | $8,667 | $2,816,648 |
| Total Income or Loss | 99% | 7,195 | $85,246 | $613,346,697 |
| Deducations | ||||
| Charitable Gifts | 43% | 3,090 | $1,210 | $3,739,171 |
| Cost of Tax Affairs | 44% | 3,190 | $565 | $1,802,537 |
| Work Car expenses | 18% | 1,315 | $3,280 | $4,313,235 |
| Work Travel expenses | 10% | 750 | $1,507 | $1,130,317 |
| Self Education expenses | 4% | 285 | $2,551 | $726,968 |
| Total Deductions | 79% | 5,745 | $4,513 | $25,924,447 |
| Taxation | ||||
| Taxable Income | 99% | 7,180 | $81,736 | $586,861,095 |
| Medicare Levy | 71% | 5,115 | $1,612 | $8,243,007 |
| Medicare Surcharge | 1% | 75 | $1,264 | $94,816 |
| Gross Tax | 80% | 5,790 | $27,656 | $160,126,716 |
| Net Tax | 73% | 5,315 | $30,766 | $163,520,081 |
| Average Tax | 100% | 7,235 | $22,601 | $163,520,081 |
| Gross Tax Rate | 80% | 5,790 | 34% | $160,126,716 |
| Net Tax Rate | 73% | 5,315 | 38% | $163,520,081 |
| Average Tax Rate | 100% | 7,235 | 28% | $163,520,081 |
| %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 $81,736. It is estimated that the average taxable income for people who paid a net amount of tax was $106205.
The average net tax paid was $30,766. This equates to an average tax of 38 cents in the dollar on taxable income.
The Medicare levy was paid by 5,115 people for an average of $1,612. 75 people paid $1,264 on average more for the Medicare surcharge.
5,130 people earned a salary or wage and took home an average of $77,883 each.
Government allowance and payments were collected by 230 people for on average $4,653. 325 people received the pension or other allowance.
Charitable gifts and donations of an average of $1,210 were made by 3,090 people.
The costs of tax affairs for 3,190 people were claimed for $565 each.