TaxStats for postcode 2300 FY2013
Postcode 2300 includes Bar Beach, Cooks Hill, Newcastle, Newcastle East, The Hill in New South Wales, and is in the federal electorate of Newcastle.
In FY 2013 the ATO recorded 7,080 individuals in postcode 2300. Of these people, 7,035 made a taxable income or loss. 5,910 of the population paid a gross amount of tax. After tax offsets, 5,565 people actually paid a net amount of tax. There were 1,470 non-taxable people who paid net tax of $0.
Compare TaxStats of 2300 with NSW
| 2300 TaxStats FY2013 | %Ppl | #Ppl | 2300 Avg | 2300 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 7,080 | ||
| Income | ||||
| Salary or Wage | 80% | 5,640 | $63,573 | $358,552,487 |
| Gross Interest | 63% | 4,465 | $2,984 | $13,322,240 |
| Unfranked Dividends | 11% | 765 | $1,453 | $1,111,394 |
| Franked Dividends | 30% | 2,145 | $18,292 | $39,235,847 |
| Dividend Franking Credit | 30% | 2,130 | $7,888 | $16,800,587 |
| Capital Gains | 5% | 380 | $23,455 | $8,913,020 |
| Termination Payouts | 2% | 125 | $14,274 | $1,784,283 |
| Tips/Directors Fees etc | 21% | 1,510 | $4,068 | $6,142,454 |
| Business Income | 10% | 695 | $53,958 | $37,501,008 |
| Foreign Income | 6% | 455 | $-528 | $-240,068 |
| Government payments | 9% | 650 | $5,544 | $3,603,444 |
| Government pensions | 3% | 225 | $7,984 | $1,796,391 |
| Total Income or Loss | 100% | 7,050 | $78,042 | $550,197,381 |
| Deducations | ||||
| Charitable Gifts | 37% | 2,585 | $710 | $1,834,590 |
| Cost of Tax Affairs | 46% | 3,265 | $705 | $2,301,473 |
| Work Car expenses | 28% | 1,960 | $2,525 | $4,948,278 |
| Work Travel expenses | 12% | 870 | $1,426 | $1,240,291 |
| Self Education expenses | 8% | 545 | $2,304 | $1,255,761 |
| Total Deductions | 83% | 5,855 | $4,434 | $25,959,261 |
| Taxation | ||||
| Taxable Income | 99% | 7,035 | $74,382 | $523,280,316 |
| Medicare Levy | 74% | 5,235 | $1,375 | $7,197,209 |
| Medicare Surcharge | 2% | 135 | $1,387 | $187,296 |
| Gross Tax | 83% | 5,910 | $22,874 | $135,186,656 |
| Net Tax | 79% | 5,565 | $24,989 | $139,064,326 |
| Average Tax | 100% | 7,080 | $19,642 | $139,064,326 |
| Gross Tax Rate | 83% | 5,910 | 31% | $135,186,656 |
| Net Tax Rate | 79% | 5,565 | 34% | $139,064,326 |
| Average Tax Rate | 100% | 7,080 | 26% | $139,064,326 |
| %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 $74,382. It is estimated that the average taxable income for people who paid a net amount of tax was $90861.
The average net tax paid was $24,989. This equates to an average tax of 34 cents in the dollar on taxable income.
The Medicare levy was paid by 5,235 people for an average of $1,375. 135 people paid $1,387 on average more for the Medicare surcharge.
5,640 people earned a salary or wage and took home an average of $63,573 each.
Government allowance and payments were collected by 650 people for on average $5,544. 225 people received the pension or other allowance.
Charitable gifts and donations of an average of $710 were made by 2,585 people.
The costs of tax affairs for 3,265 people were claimed for $705 each.