TaxStats for postcode 2127 FY2013

Postcode 2127 includes Homebush Bay, Homebush Bay, Newington, Newington, Sydney Olympic Park, Wentworth Point in New South Wales, and is in the federal electorate of Reid.

In FY 2013 the ATO recorded 6,270 individuals in postcode 2127. Of these people, 6,205 made a taxable income or loss. 5,205 of the population paid a gross amount of tax. After tax offsets, 4,960 people actually paid a net amount of tax. There were 1,245 non-taxable people who paid net tax of $0.

Compare TaxStats of 2127 with NSW

2127 TaxStats FY2013%Ppl#Ppl2127
Total Individuals100%6,270
Salary or Wage 84%5,265$66,352$349,343,223
Gross Interest62%3,880$1,586$6,154,023
Unfranked Dividends7%440$340$149,648
Franked Dividends21%1,300$3,889$5,055,263
Dividend Franking Credit21%1,290$1,678$2,164,219
Capital Gains4%235$10,299$2,420,245
Termination Payouts2%120$16,972$2,036,622
Tips/Directors Fees etc17%1,090$6,357$6,929,282
Business Income9%580$21,394$12,408,531
Foreign Income4%260$2,325$604,515
Government payments4%245$5,819$1,425,744
Government pensions2%110$9,279$1,020,709
Total Income or Loss99%6,220$64,296$399,921,289
Charitable Gifts34%2,120$538$1,140,932
Cost of Tax Affairs48%3,020$324$979,211
Work Car expenses28%1,725$3,488$6,017,523
Work Travel expenses14%865$1,512$1,307,928
Self Education expenses8%480$2,958$1,419,963
Total Deductions81%5,080$3,636$18,472,160
Taxable Income99%6,205$61,409$381,042,848
Medicare Levy 74%4,635$1,120$5,193,350
Medicare Surcharge 2%115$930$106,996
Gross Tax 83%5,205$15,918$82,853,269
Net Tax 79%4,960$17,344$86,026,732
Average Tax 100%6,270 $13,720$86,026,732
Gross Tax Rate 83%5,205 26%$82,853,269
Net Tax Rate 79%4,960 28%$86,026,732
Average Tax Rate 100%6,270 22%$86,026,732
%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 $61,409. It is estimated that the average taxable income for people who paid a net amount of tax was $73811.

The average net tax paid was $17,344. This equates to an average tax of 28 cents in the dollar on taxable income.

The Medicare levy was paid by 4,635 people for an average of $1,120. 115 people paid $930 on average more for the Medicare surcharge.

5,265 people earned a salary or wage and took home an average of $66,352 each.

Government allowance and payments were collected by 245 people for on average $5,819. 110 people received the pension or other allowance.

Charitable gifts and donations of an average of $538 were made by 2,120 people.

The costs of tax affairs for 3,020 people were claimed for $324 each.