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#Ppl2300
Total Individuals100%7,080
Salary or Wage 80%5,640$63,573$358,552,487
Gross Interest63%4,465$2,984$13,322,240
Unfranked Dividends11%765$1,453$1,111,394
Franked Dividends30%2,145$18,292$39,235,847
Dividend Franking Credit30%2,130$7,888$16,800,587
Capital Gains5%380$23,455$8,913,020
Termination Payouts2%125$14,274$1,784,283
Tips/Directors Fees etc21%1,510$4,068$6,142,454
Business Income10%695$53,958$37,501,008
Foreign Income6%455$-528$-240,068
Government payments9%650$5,544$3,603,444
Government pensions3%225$7,984$1,796,391
Total Income or Loss100%7,050$78,042$550,197,381
Charitable Gifts37%2,585$710$1,834,590
Cost of Tax Affairs46%3,265$705$2,301,473
Work Car expenses28%1,960$2,525$4,948,278
Work Travel expenses12%870$1,426$1,240,291
Self Education expenses8%545$2,304$1,255,761
Total Deductions83%5,855$4,434$25,959,261
Taxable Income99%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.