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#Ppl2225
Total Individuals100%3,380
Salary or Wage 79%2,675$70,852$189,530,228
Gross Interest64%2,165$2,365$5,121,267
Unfranked Dividends12%395$548$216,577
Franked Dividends38%1,295$6,199$8,027,136
Dividend Franking Credit38%1,290$2,666$3,439,712
Capital Gains5%170$10,656$1,811,449
Termination Payouts2%60$31,974$1,918,441
Tips/Directors Fees etc17%590$6,348$3,745,478
Business Income9%295$27,142$8,006,944
Foreign Income7%225$915$205,793
Government payments3%115$4,251$488,847
Government pensions4%140$8,468$1,185,576
Total Income or Loss100%3,370$72,275$243,566,855
Charitable Gifts43%1,445$475$686,920
Cost of Tax Affairs53%1,795$394$706,493
Work Car expenses26%880$3,474$3,056,700
Work Travel expenses12%420$1,690$709,991
Self Education expenses4%150$1,737$260,488
Total Deductions83%2,805$3,749$10,516,927
Taxable Income99%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.