TaxStats for postcode 2234 FY2013
Postcode 2234 includes Alfords Point, Bangor, Barden Ridge, Illawong, Lucas Heights, Menai, Menai Central in New South Wales, and is in the federal electorate of Hughes.
In FY 2013 the ATO recorded 20,100 individuals in postcode 2234. Of these people, 20,015 made a taxable income or loss. 16,690 of the population paid a gross amount of tax. After tax offsets, 15,575 people actually paid a net amount of tax. There were 4,440 non-taxable people who paid net tax of $0.
Compare TaxStats of 2234 with NSW
| 2234 TaxStats FY2013 | %Ppl | #Ppl | 2234 Avg | 2234 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 20,100 | ||
| Income | ||||
| Salary or Wage | 84% | 16,790 | $61,515 | $1,032,833,823 |
| Gross Interest | 64% | 12,930 | $2,076 | $26,847,956 |
| Unfranked Dividends | 10% | 2,055 | $543 | $1,116,389 |
| Franked Dividends | 35% | 7,005 | $4,439 | $31,094,072 |
| Dividend Franking Credit | 35% | 6,985 | $1,906 | $13,315,491 |
| Capital Gains | 5% | 930 | $14,168 | $13,176,152 |
| Termination Payouts | 2% | 330 | $24,881 | $8,210,673 |
| Tips/Directors Fees etc | 20% | 4,050 | $5,076 | $20,559,167 |
| Business Income | 8% | 1,550 | $23,528 | $36,468,694 |
| Foreign Income | 5% | 1,075 | $842 | $905,341 |
| Government payments | 3% | 700 | $4,611 | $3,228,005 |
| Government pensions | 3% | 695 | $8,856 | $6,154,809 |
| Total Income or Loss | 100% | 20,050 | $63,677 | $1,276,716,714 |
| Deducations | ||||
| Charitable Gifts | 43% | 8,685 | $417 | $3,621,037 |
| Cost of Tax Affairs | 51% | 10,330 | $329 | $3,396,663 |
| Work Car expenses | 27% | 5,450 | $3,253 | $17,728,726 |
| Work Travel expenses | 11% | 2,260 | $1,443 | $3,260,115 |
| Self Education expenses | 5% | 1,040 | $1,763 | $1,833,033 |
| Total Deductions | 84% | 16,840 | $3,354 | $56,476,914 |
| Taxation | ||||
| Taxable Income | 100% | 20,015 | $60,886 | $1,218,630,104 |
| Medicare Levy | 76% | 15,210 | $1,125 | $17,104,696 |
| Medicare Surcharge | 1% | 165 | $1,122 | $185,104 |
| Gross Tax | 83% | 16,690 | $16,182 | $270,075,510 |
| Net Tax | 77% | 15,575 | $17,796 | $277,168,793 |
| Average Tax | 100% | 20,100 | $13,789 | $277,168,793 |
| Gross Tax Rate | 83% | 16,690 | 27% | $270,075,510 |
| Net Tax Rate | 77% | 15,575 | 29% | $277,168,793 |
| Average Tax Rate | 100% | 20,100 | 23% | $277,168,793 |
| %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 $60,886. It is estimated that the average taxable income for people who paid a net amount of tax was $74822.
The average net tax paid was $17,796. This equates to an average tax of 29 cents in the dollar on taxable income.
The Medicare levy was paid by 15,210 people for an average of $1,125. 165 people paid $1,122 on average more for the Medicare surcharge.
16,790 people earned a salary or wage and took home an average of $61,515 each.
Government allowance and payments were collected by 700 people for on average $4,611. 695 people received the pension or other allowance.
Charitable gifts and donations of an average of $417 were made by 8,685 people.
The costs of tax affairs for 10,330 people were claimed for $329 each.