TaxStats for postcode 2227 FY2013

Postcode 2227 includes Gymea, Gymea Bay in New South Wales, and is in the federal electorate of Cook.

In FY 2013 the ATO recorded 8,680 individuals in postcode 2227. Of these people, 8,625 made a taxable income or loss. 7,185 of the population paid a gross amount of tax. After tax offsets, 6,635 people actually paid a net amount of tax. There were 1,990 non-taxable people who paid net tax of $0.

Compare TaxStats of 2227 with NSW

2227 TaxStats FY2013%Ppl#Ppl2227
Total Individuals100%8,680
Salary or Wage 80%6,975$64,836$452,229,064
Gross Interest64%5,525$2,256$12,463,410
Unfranked Dividends10%880$408$358,982
Franked Dividends36%3,100$5,266$16,325,185
Dividend Franking Credit36%3,090$2,263$6,992,188
Capital Gains5%395$12,271$4,846,942
Termination Payouts2%150$23,793$3,569,014
Tips/Directors Fees etc20%1,775$4,419$7,843,059
Business Income9%770$22,274$17,150,810
Foreign Income6%510$925$471,828
Government payments4%330$4,855$1,602,143
Government pensions6%500$8,950$4,475,134
Total Income or Loss100%8,660$64,718$560,461,872
Charitable Gifts44%3,845$410$1,577,439
Cost of Tax Affairs55%4,740$329$1,560,804
Work Car expenses26%2,300$3,345$7,692,909
Work Travel expenses13%1,100$1,519$1,671,229
Self Education expenses5%415$2,052$851,736
Total Deductions84%7,325$3,505$25,674,885
Taxable Income99%8,625$61,906$533,939,908
Medicare Levy 74%6,440$1,151$7,411,319
Medicare Surcharge 1%75$1,181$88,573
Gross Tax 83%7,185$16,599$119,261,906
Net Tax 76%6,635$18,441$122,359,009
Average Tax 100%8,680 $14,097$122,359,009
Gross Tax Rate 83%7,185 27%$119,261,906
Net Tax Rate 76%6,635 30%$122,359,009
Average Tax Rate 100%8,680 23%$122,359,009
%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 $61,906. It is estimated that the average taxable income for people who paid a net amount of tax was $76874.

The average net tax paid was $18,441. This equates to an average tax of 30 cents in the dollar on taxable income.

The Medicare levy was paid by 6,440 people for an average of $1,151. 75 people paid $1,181 on average more for the Medicare surcharge.

6,975 people earned a salary or wage and took home an average of $64,836 each.

Government allowance and payments were collected by 330 people for on average $4,855. 500 people received the pension or other allowance.

Charitable gifts and donations of an average of $410 were made by 3,845 people.

The costs of tax affairs for 4,740 people were claimed for $329 each.