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#Ppl2234
Total Individuals100%20,100
Salary or Wage 84%16,790$61,515$1,032,833,823
Gross Interest64%12,930$2,076$26,847,956
Unfranked Dividends10%2,055$543$1,116,389
Franked Dividends35%7,005$4,439$31,094,072
Dividend Franking Credit35%6,985$1,906$13,315,491
Capital Gains5%930$14,168$13,176,152
Termination Payouts2%330$24,881$8,210,673
Tips/Directors Fees etc20%4,050$5,076$20,559,167
Business Income8%1,550$23,528$36,468,694
Foreign Income5%1,075$842$905,341
Government payments3%700$4,611$3,228,005
Government pensions3%695$8,856$6,154,809
Total Income or Loss100%20,050$63,677$1,276,716,714
Charitable Gifts43%8,685$417$3,621,037
Cost of Tax Affairs51%10,330$329$3,396,663
Work Car expenses27%5,450$3,253$17,728,726
Work Travel expenses11%2,260$1,443$3,260,115
Self Education expenses5%1,040$1,763$1,833,033
Total Deductions84%16,840$3,354$56,476,914
Taxable Income100%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.