TaxStats for postcode 2251 FY2013

Postcode 2251 includes Avoca Beach, Bensville, Bouddi, Copacabana, Davistown, Green Point, Kincumber, Kincumber South, Macmasters Beach, Picketts Valley, Saratoga, Yattalunga in New South Wales, and is in the federal electorate of Robertson.

In FY 2013 the ATO recorded 17,980 individuals in postcode 2251. Of these people, 17,885 made a taxable income or loss. 14,200 of the population paid a gross amount of tax. After tax offsets, 12,785 people actually paid a net amount of tax. There were 5,100 non-taxable people who paid net tax of $0.

Compare TaxStats of 2251 with NSW

2251 TaxStats FY2013%Ppl#Ppl2251
Total Individuals100%17,980
Salary or Wage 75%13,520$52,875$714,874,620
Gross Interest58%10,460$2,186$22,860,919
Unfranked Dividends9%1,600$677$1,083,465
Franked Dividends30%5,420$5,042$27,330,040
Dividend Franking Credit30%5,405$2,166$11,708,663
Capital Gains4%790$9,547$7,542,454
Termination Payouts1%255$16,938$4,319,082
Tips/Directors Fees etc21%3,750$3,124$11,715,828
Business Income10%1,785$24,429$43,606,525
Foreign Income7%1,175$1,284$1,508,164
Government payments6%1,160$5,102$5,918,340
Government pensions8%1,430$9,471$13,544,054
Total Income or Loss100%17,920$52,907$948,089,844
Charitable Gifts39%6,925$901$6,238,011
Cost of Tax Affairs51%9,095$314$2,854,258
Work Car expenses27%4,780$2,750$13,146,756
Work Travel expenses9%1,685$1,643$2,767,904
Self Education expenses5%945$1,750$1,653,545
Total Deductions82%14,680$3,238$47,535,748
Taxable Income99%17,885$50,277$899,212,475
Medicare Levy 69%12,355$974$12,033,887
Medicare Surcharge 1%185$1,298$240,166
Gross Tax 79%14,200$12,516$177,732,564
Net Tax 71%12,785$14,096$180,211,278
Average Tax 100%17,980 $10,023$180,211,278
Gross Tax Rate 79%14,200 25%$177,732,564
Net Tax Rate 71%12,785 28%$180,211,278
Average Tax Rate 100%17,980 20%$180,211,278
%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 $50,277. It is estimated that the average taxable income for people who paid a net amount of tax was $65547.

The average net tax paid was $14,096. This equates to an average tax of 28 cents in the dollar on taxable income.

The Medicare levy was paid by 12,355 people for an average of $974. 185 people paid $1,298 on average more for the Medicare surcharge.

13,520 people earned a salary or wage and took home an average of $52,875 each.

Government allowance and payments were collected by 1,160 people for on average $5,102. 1,430 people received the pension or other allowance.

Charitable gifts and donations of an average of $901 were made by 6,925 people.

The costs of tax affairs for 9,095 people were claimed for $314 each.