TaxStats for postcode 2126 FY2013

Postcode 2126 includes Cherrybrook, Cherrybrook in New South Wales, and is in the federal electorate of Berowra.

In FY 2013 the ATO recorded 11,780 individuals in postcode 2126. Of these people, 11,715 made a taxable income or loss. 9,270 of the population paid a gross amount of tax. After tax offsets, 8,620 people actually paid a net amount of tax. There were 3,095 non-taxable people who paid net tax of $0.

Compare TaxStats of 2126 with NSW

2126 TaxStats FY2013%Ppl#Ppl2126
Total Individuals100%11,780
Salary or Wage 78%9,160$69,520$636,803,463
Gross Interest67%7,925$2,528$20,034,435
Unfranked Dividends13%1,570$578$907,860
Franked Dividends38%4,465$4,562$20,367,719
Dividend Franking Credit38%4,445$1,963$8,724,136
Capital Gains6%675$10,057$6,788,452
Termination Payouts2%195$26,438$5,155,361
Tips/Directors Fees etc17%1,965$6,253$12,287,052
Business Income8%930$21,279$19,789,845
Foreign Income9%1,035$946$979,208
Government payments4%415$5,153$2,138,697
Government pensions5%540$8,648$4,670,041
Total Income or Loss100%11,725$66,816$783,422,669
Charitable Gifts39%4,625$575$2,657,485
Cost of Tax Affairs43%5,055$383$1,935,488
Work Car expenses22%2,560$3,114$7,971,300
Work Travel expenses12%1,365$1,435$1,958,363
Self Education expenses5%630$2,269$1,429,594
Total Deductions79%9,315$3,314$30,873,393
Taxable Income99%11,715$64,160$751,633,908
Medicare Levy 71%8,335$1,256$10,471,283
Medicare Surcharge 1%120$943$113,141
Gross Tax 79%9,270$19,096$177,022,715
Net Tax 73%8,620$21,093$181,821,043
Average Tax 100%11,780 $15,435$181,821,043
Gross Tax Rate 79%9,270 30%$177,022,715
Net Tax Rate 73%8,620 33%$181,821,043
Average Tax Rate 100%11,780 24%$181,821,043
%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 $64,160. It is estimated that the average taxable income for people who paid a net amount of tax was $82888.

The average net tax paid was $21,093. This equates to an average tax of 33 cents in the dollar on taxable income.

The Medicare levy was paid by 8,335 people for an average of $1,256. 120 people paid $943 on average more for the Medicare surcharge.

9,160 people earned a salary or wage and took home an average of $69,520 each.

Government allowance and payments were collected by 415 people for on average $5,153. 540 people received the pension or other allowance.

Charitable gifts and donations of an average of $575 were made by 4,625 people.

The costs of tax affairs for 5,055 people were claimed for $383 each.