TaxStats for postcode 2291 FY2013

Postcode 2291 includes Merewether, Merewether Heights, The Junction in New South Wales, and is in the federal electorate of Newcastle.

In FY 2013 the ATO recorded 8,900 individuals in postcode 2291. Of these people, 8,855 made a taxable income or loss. 7,395 of the population paid a gross amount of tax. After tax offsets, 6,895 people actually paid a net amount of tax. There were 1,960 non-taxable people who paid net tax of $0.

Compare TaxStats of 2291 with NSW

2291 TaxStats FY2013%Ppl#Ppl2291
Total Individuals100%8,900
Salary or Wage 78%6,975$65,643$457,857,492
Gross Interest64%5,655$2,916$16,488,582
Unfranked Dividends13%1,135$993$1,126,710
Franked Dividends38%3,395$8,388$28,477,608
Dividend Franking Credit38%3,390$3,599$12,201,259
Capital Gains6%545$35,940$19,587,324
Termination Payouts2%160$14,798$2,367,744
Tips/Directors Fees etc21%1,875$3,571$6,694,931
Business Income9%820$66,560$54,578,967
Foreign Income7%640$1,064$680,803
Government payments7%595$5,541$3,297,042
Government pensions4%370$8,732$3,230,960
Total Income or Loss100%8,870$76,241$676,255,284
Charitable Gifts41%3,630$421$1,528,010
Cost of Tax Affairs49%4,350$517$2,249,406
Work Car expenses29%2,575$2,490$6,411,051
Work Travel expenses10%885$1,523$1,347,924
Self Education expenses6%540$2,138$1,154,610
Total Deductions84%7,470$3,959$29,572,975
Taxable Income99%8,855$72,903$645,555,112
Medicare Levy 75%6,690$1,361$9,105,106
Medicare Surcharge 1%100$1,143$114,257
Gross Tax 83%7,395$22,197$164,147,548
Net Tax 77%6,895$24,534$169,159,210
Average Tax 100%8,900 $19,007$169,159,210
Gross Tax Rate 83%7,395 30%$164,147,548
Net Tax Rate 77%6,895 34%$169,159,210
Average Tax Rate 100%8,900 26%$169,159,210
%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 $72,903. It is estimated that the average taxable income for people who paid a net amount of tax was $90215.

The average net tax paid was $24,534. This equates to an average tax of 34 cents in the dollar on taxable income.

The Medicare levy was paid by 6,690 people for an average of $1,361. 100 people paid $1,143 on average more for the Medicare surcharge.

6,975 people earned a salary or wage and took home an average of $65,643 each.

Government allowance and payments were collected by 595 people for on average $5,541. 370 people received the pension or other allowance.

Charitable gifts and donations of an average of $421 were made by 3,630 people.

The costs of tax affairs for 4,350 people were claimed for $517 each.