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 | #Ppl | 2251 Avg | 2251 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 17,980 | ||
| Income | ||||
| Salary or Wage | 75% | 13,520 | $52,875 | $714,874,620 |
| Gross Interest | 58% | 10,460 | $2,186 | $22,860,919 |
| Unfranked Dividends | 9% | 1,600 | $677 | $1,083,465 |
| Franked Dividends | 30% | 5,420 | $5,042 | $27,330,040 |
| Dividend Franking Credit | 30% | 5,405 | $2,166 | $11,708,663 |
| Capital Gains | 4% | 790 | $9,547 | $7,542,454 |
| Termination Payouts | 1% | 255 | $16,938 | $4,319,082 |
| Tips/Directors Fees etc | 21% | 3,750 | $3,124 | $11,715,828 |
| Business Income | 10% | 1,785 | $24,429 | $43,606,525 |
| Foreign Income | 7% | 1,175 | $1,284 | $1,508,164 |
| Government payments | 6% | 1,160 | $5,102 | $5,918,340 |
| Government pensions | 8% | 1,430 | $9,471 | $13,544,054 |
| Total Income or Loss | 100% | 17,920 | $52,907 | $948,089,844 |
| Deducations | ||||
| Charitable Gifts | 39% | 6,925 | $901 | $6,238,011 |
| Cost of Tax Affairs | 51% | 9,095 | $314 | $2,854,258 |
| Work Car expenses | 27% | 4,780 | $2,750 | $13,146,756 |
| Work Travel expenses | 9% | 1,685 | $1,643 | $2,767,904 |
| Self Education expenses | 5% | 945 | $1,750 | $1,653,545 |
| Total Deductions | 82% | 14,680 | $3,238 | $47,535,748 |
| Taxation | ||||
| Taxable Income | 99% | 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.