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#Ppl2119
Total Individuals100%7,235
Salary or Wage 71%5,130$77,883$399,541,731
Gross Interest71%5,165$4,319$22,306,331
Unfranked Dividends19%1,345$989$1,330,590
Franked Dividends47%3,390$11,599$39,321,371
Dividend Franking Credit47%3,380$4,970$16,799,715
Capital Gains8%565$18,114$10,234,544
Termination Payouts1%105$42,968$4,511,632
Tips/Directors Fees etc15%1,060$6,632$7,030,038
Business Income9%620$54,319$33,677,601
Foreign Income12%895$1,366$1,222,261
Government payments3%230$4,653$1,070,222
Government pensions4%325$8,667$2,816,648
Total Income or Loss99%7,195$85,246$613,346,697
Charitable Gifts43%3,090$1,210$3,739,171
Cost of Tax Affairs44%3,190$565$1,802,537
Work Car expenses18%1,315$3,280$4,313,235
Work Travel expenses10%750$1,507$1,130,317
Self Education expenses4%285$2,551$726,968
Total Deductions79%5,745$4,513$25,924,447
Taxable Income99%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.