TaxStats for postcode 2120 FY2013

Postcode 2120 includes Pennant Hills, Pennant Hills, Thornleigh, Thornleigh, Westleigh, Westleigh in New South Wales, and is in the federal electorate of Berowra.

In FY 2013 the ATO recorded 12,595 individuals in postcode 2120. Of these people, 12,525 made a taxable income or loss. 10,080 of the population paid a gross amount of tax. After tax offsets, 9,295 people actually paid a net amount of tax. There were 3,230 non-taxable people who paid net tax of $0.

Compare TaxStats of 2120 with NSW

2120 TaxStats FY2013%Ppl#Ppl2120
Total Individuals100%12,595
Salary or Wage 77%9,650$67,852$654,773,731
Gross Interest67%8,380$2,905$24,344,853
Unfranked Dividends14%1,725$656$1,132,344
Franked Dividends38%4,785$4,989$23,873,744
Dividend Franking Credit38%4,775$2,141$10,221,777
Capital Gains6%720$11,420$8,222,352
Termination Payouts2%215$26,361$5,667,599
Tips/Directors Fees etc17%2,120$5,419$11,487,378
Business Income9%1,085$23,404$25,393,603
Foreign Income9%1,135$1,196$1,357,145
Government payments4%460$4,951$2,277,232
Government pensions5%645$9,243$5,961,874
Total Income or Loss100%12,545$65,837$825,926,115
Charitable Gifts41%5,200$646$3,361,440
Cost of Tax Affairs45%5,615$380$2,134,342
Work Car expenses19%2,410$3,059$7,371,172
Work Travel expenses11%1,405$1,081$1,518,473
Self Education expenses5%650$2,020$1,312,850
Total Deductions81%10,140$3,001$30,433,363
Taxable Income99%12,525$63,420$794,330,341
Medicare Levy 71%8,970$1,228$11,015,681
Medicare Surcharge 1%135$979$132,198
Gross Tax 80%10,080$18,228$183,736,090
Net Tax 74%9,295$20,253$188,249,052
Average Tax 100%12,595 $14,946$188,249,052
Gross Tax Rate 80%10,080 29%$183,736,090
Net Tax Rate 74%9,295 32%$188,249,052
Average Tax Rate 100%12,595 24%$188,249,052
%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 $63,420. It is estimated that the average taxable income for people who paid a net amount of tax was $81288.

The average net tax paid was $20,253. This equates to an average tax of 32 cents in the dollar on taxable income.

The Medicare levy was paid by 8,970 people for an average of $1,228. 135 people paid $979 on average more for the Medicare surcharge.

9,650 people earned a salary or wage and took home an average of $67,852 each.

Government allowance and payments were collected by 460 people for on average $4,951. 645 people received the pension or other allowance.

Charitable gifts and donations of an average of $646 were made by 5,200 people.

The costs of tax affairs for 5,615 people were claimed for $380 each.