TaxStats for postcode 2125 FY2013

Postcode 2125 includes West Pennant Hills, West Pennant Hills in New South Wales, and is in the federal electorate of Berowra.

In FY 2013 the ATO recorded 10,820 individuals in postcode 2125. Of these people, 10,745 made a taxable income or loss. 8,610 of the population paid a gross amount of tax. After tax offsets, 8,000 people actually paid a net amount of tax. There were 2,745 non-taxable people who paid net tax of $0.

Compare TaxStats of 2125 with NSW

2125 TaxStats FY2013%Ppl#Ppl2125
Total Individuals100%10,820
Salary or Wage 76%8,220$73,402$603,364,042
Gross Interest70%7,545$3,221$24,304,538
Unfranked Dividends15%1,670$625$1,043,340
Franked Dividends42%4,495$8,267$37,160,025
Dividend Franking Credit41%4,490$3,545$15,918,184
Capital Gains7%725$34,268$24,844,246
Termination Payouts2%185$53,946$9,980,065
Tips/Directors Fees etc16%1,775$7,248$12,865,440
Business Income9%920$35,847$32,979,041
Foreign Income9%1,015$1,998$2,028,221
Government payments3%335$5,439$1,822,010
Government pensions4%415$9,404$3,902,813
Total Income or Loss100%10,780$79,060$852,262,207
Charitable Gifts39%4,265$809$3,451,925
Cost of Tax Affairs43%4,700$593$2,788,648
Work Car expenses20%2,215$3,634$8,048,867
Work Travel expenses11%1,190$1,490$1,773,295
Self Education expenses5%540$2,457$1,326,670
Total Deductions80%8,630$4,238$36,573,717
Taxable Income99%10,745$75,788$814,341,942
Medicare Levy 72%7,800$1,479$11,536,415
Medicare Surcharge 1%95$865$82,167
Gross Tax 80%8,610$25,025$215,466,125
Net Tax 74%8,000$27,340$218,723,693
Average Tax 100%10,820 $20,215$218,723,693
Gross Tax Rate 80%8,610 33%$215,466,125
Net Tax Rate 74%8,000 36%$218,723,693
Average Tax Rate 100%10,820 27%$218,723,693
%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 $75,788. It is estimated that the average taxable income for people who paid a net amount of tax was $97675.

The average net tax paid was $27,340. This equates to an average tax of 36 cents in the dollar on taxable income.

The Medicare levy was paid by 7,800 people for an average of $1,479. 95 people paid $865 on average more for the Medicare surcharge.

8,220 people earned a salary or wage and took home an average of $73,402 each.

Government allowance and payments were collected by 335 people for on average $5,439. 415 people received the pension or other allowance.

Charitable gifts and donations of an average of $809 were made by 4,265 people.

The costs of tax affairs for 4,700 people were claimed for $593 each.