TaxStats for postcode 2222 FY2013

Postcode 2222 includes Penshurst in New South Wales, and is in the federal electorate of Banks.

In FY 2013 the ATO recorded 7,175 individuals in postcode 2222. Of these people, 7,135 made a taxable income or loss. 5,750 of the population paid a gross amount of tax. After tax offsets, 5,300 people actually paid a net amount of tax. There were 1,835 non-taxable people who paid net tax of $0.

Compare TaxStats of 2222 with NSW

2222 TaxStats FY2013%Ppl#Ppl2222
Total Individuals100%7,175
Salary or Wage 82%5,900$53,473$315,488,348
Gross Interest62%4,420$2,425$10,719,945
Unfranked Dividends8%540$686$370,479
Franked Dividends25%1,805$3,374$6,090,135
Dividend Franking Credit25%1,800$1,448$2,606,168
Capital Gains3%250$9,706$2,426,553
Termination Payouts1%95$14,966$1,421,805
Tips/Directors Fees etc18%1,270$3,446$4,376,012
Business Income8%585$17,429$10,195,811
Foreign Income4%320$807$258,259
Government payments6%395$5,428$2,144,113
Government pensions4%295$9,224$2,721,185
Total Income or Loss100%7,140$52,724$376,447,586
Charitable Gifts37%2,630$424$1,114,098
Cost of Tax Affairs49%3,480$255$888,992
Work Car expenses19%1,340$2,706$3,625,444
Work Travel expenses10%695$1,225$851,558
Self Education expenses6%420$2,204$925,625
Total Deductions80%5,720$2,472$14,140,781
Taxable Income99%7,135$50,733$361,978,404
Medicare Levy 69%4,965$973$4,833,314
Medicare Surcharge 1%70$1,033$72,313
Gross Tax 80%5,750$12,310$70,780,642
Net Tax 74%5,300$13,712$72,675,005
Average Tax 100%7,175 $10,129$72,675,005
Gross Tax Rate 80%5,750 24%$70,780,642
Net Tax Rate 74%5,300 27%$72,675,005
Average Tax Rate 100%7,175 20%$72,675,005
%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 $50,733. It is estimated that the average taxable income for people who paid a net amount of tax was $64143.

The average net tax paid was $13,712. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 4,965 people for an average of $973. 70 people paid $1,033 on average more for the Medicare surcharge.

5,900 people earned a salary or wage and took home an average of $53,473 each.

Government allowance and payments were collected by 395 people for on average $5,428. 295 people received the pension or other allowance.

Charitable gifts and donations of an average of $424 were made by 2,630 people.

The costs of tax affairs for 3,480 people were claimed for $255 each.