TaxStats for postcode 2225 FY2013
Postcode 2225 includes Caravan Head, Oyster Bay in New South Wales, and is in the federal electorate of Cook.
In FY 2013 the ATO recorded 3,380 individuals in postcode 2225. Of these people, 3,360 made a taxable income or loss. 2,745 of the population paid a gross amount of tax. After tax offsets, 2,555 people actually paid a net amount of tax. There were 805 non-taxable people who paid net tax of $0.
Compare TaxStats of 2225 with NSW
| 2225 TaxStats FY2013 | %Ppl | #Ppl | 2225 Avg | 2225 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 3,380 | ||
| Income | ||||
| Salary or Wage | 79% | 2,675 | $70,852 | $189,530,228 |
| Gross Interest | 64% | 2,165 | $2,365 | $5,121,267 |
| Unfranked Dividends | 12% | 395 | $548 | $216,577 |
| Franked Dividends | 38% | 1,295 | $6,199 | $8,027,136 |
| Dividend Franking Credit | 38% | 1,290 | $2,666 | $3,439,712 |
| Capital Gains | 5% | 170 | $10,656 | $1,811,449 |
| Termination Payouts | 2% | 60 | $31,974 | $1,918,441 |
| Tips/Directors Fees etc | 17% | 590 | $6,348 | $3,745,478 |
| Business Income | 9% | 295 | $27,142 | $8,006,944 |
| Foreign Income | 7% | 225 | $915 | $205,793 |
| Government payments | 3% | 115 | $4,251 | $488,847 |
| Government pensions | 4% | 140 | $8,468 | $1,185,576 |
| Total Income or Loss | 100% | 3,370 | $72,275 | $243,566,855 |
| Deducations | ||||
| Charitable Gifts | 43% | 1,445 | $475 | $686,920 |
| Cost of Tax Affairs | 53% | 1,795 | $394 | $706,493 |
| Work Car expenses | 26% | 880 | $3,474 | $3,056,700 |
| Work Travel expenses | 12% | 420 | $1,690 | $709,991 |
| Self Education expenses | 4% | 150 | $1,737 | $260,488 |
| Total Deductions | 83% | 2,805 | $3,749 | $10,516,927 |
| Taxation | ||||
| Taxable Income | 99% | 3,360 | $69,280 | $232,781,591 |
| Medicare Levy | 74% | 2,500 | $1,317 | $3,291,958 |
| Medicare Surcharge | 1% | 25 | $1,163 | $29,074 |
| Gross Tax | 81% | 2,745 | $20,760 | $56,985,444 |
| Net Tax | 76% | 2,555 | $22,916 | $58,550,604 |
| Average Tax | 100% | 3,380 | $17,323 | $58,550,604 |
| Gross Tax Rate | 81% | 2,745 | 30% | $56,985,444 |
| Net Tax Rate | 76% | 2,555 | 33% | $58,550,604 |
| Average Tax Rate | 100% | 3,380 | 25% | $58,550,604 |
| %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 $69,280. It is estimated that the average taxable income for people who paid a net amount of tax was $87327.
The average net tax paid was $22,916. This equates to an average tax of 33 cents in the dollar on taxable income.
The Medicare levy was paid by 2,500 people for an average of $1,317. 25 people paid $1,163 on average more for the Medicare surcharge.
2,675 people earned a salary or wage and took home an average of $70,852 each.
Government allowance and payments were collected by 115 people for on average $4,251. 140 people received the pension or other allowance.
Charitable gifts and donations of an average of $475 were made by 1,445 people.
The costs of tax affairs for 1,795 people were claimed for $394 each.