TaxStats for postcode 2195 FY2013
Postcode 2195 includes Lakemba, Wiley Park in New South Wales, and is in the federal electorate of Watson.
In FY 2013 the ATO recorded 10,945 individuals in postcode 2195. Of these people, 10,850 made a taxable income or loss. 8,335 of the population paid a gross amount of tax. After tax offsets, 7,490 people actually paid a net amount of tax. There were 3,360 non-taxable people who paid net tax of $0.
Compare TaxStats of 2195 with NSW
| 2195 TaxStats FY2013 | %Ppl | #Ppl | 2195 Avg | 2195 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 10,945 | ||
| Income | ||||
| Salary or Wage | 80% | 8,705 | $41,025 | $357,123,199 |
| Gross Interest | 35% | 3,855 | $1,349 | $5,200,722 |
| Unfranked Dividends | 3% | 280 | $379 | $106,243 |
| Franked Dividends | 9% | 955 | $2,034 | $1,942,008 |
| Dividend Franking Credit | 9% | 950 | $873 | $828,994 |
| Capital Gains | 1% | 135 | $7,315 | $987,541 |
| Termination Payouts | 1% | 145 | $6,074 | $880,749 |
| Tips/Directors Fees etc | 17% | 1,815 | $3,194 | $5,796,657 |
| Business Income | 16% | 1,710 | $15,319 | $26,195,639 |
| Foreign Income | 1% | 100 | $5,166 | $516,572 |
| Government payments | 11% | 1,200 | $6,156 | $7,386,706 |
| Government pensions | 3% | 360 | $10,415 | $3,749,516 |
| Total Income or Loss | 99% | 10,855 | $38,974 | $423,060,777 |
| Deducations | ||||
| Charitable Gifts | 25% | 2,790 | $448 | $1,250,025 |
| Cost of Tax Affairs | 52% | 5,675 | $152 | $863,786 |
| Work Car expenses | 19% | 2,120 | $2,663 | $5,645,256 |
| Work Travel expenses | 7% | 745 | $1,429 | $1,064,591 |
| Self Education expenses | 5% | 555 | $2,088 | $1,159,009 |
| Total Deductions | 71% | 7,810 | $2,240 | $17,493,058 |
| Taxation | ||||
| Taxable Income | 99% | 10,850 | $37,340 | $405,142,419 |
| Medicare Levy | 56% | 6,075 | $750 | $4,556,820 |
| Medicare Surcharge | 1% | 80 | $1,047 | $83,754 |
| Gross Tax | 76% | 8,335 | $7,101 | $59,183,400 |
| Net Tax | 68% | 7,490 | $8,017 | $60,048,152 |
| Average Tax | 100% | 10,945 | $5,486 | $60,048,152 |
| Gross Tax Rate | 76% | 8,335 | 19% | $59,183,400 |
| Net Tax Rate | 68% | 7,490 | 21% | $60,048,152 |
| Average Tax Rate | 100% | 10,945 | 15% | $60,048,152 |
| %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 $37,340. It is estimated that the average taxable income for people who paid a net amount of tax was $48708.
The average net tax paid was $8,017. This equates to an average tax of 21 cents in the dollar on taxable income.
The Medicare levy was paid by 6,075 people for an average of $750. 80 people paid $1,047 on average more for the Medicare surcharge.
8,705 people earned a salary or wage and took home an average of $41,025 each.
Government allowance and payments were collected by 1,200 people for on average $6,156. 360 people received the pension or other allowance.
Charitable gifts and donations of an average of $448 were made by 2,790 people.
The costs of tax affairs for 5,675 people were claimed for $152 each.