TaxStats for postcode 2302 FY2013

Postcode 2302 includes Newcastle West in New South Wales, and is in the federal electorate of Newcastle.

In FY 2013 the ATO recorded 350 individuals in postcode 2302. Of these people, 350 made a taxable income or loss. 300 of the population paid a gross amount of tax. After tax offsets, 280 people actually paid a net amount of tax. There were 70 non-taxable people who paid net tax of $0.

Compare TaxStats of 2302 with NSW

2302 TaxStats FY2013%Ppl#Ppl2302
Total Individuals100%350
Salary or Wage 87%305$59,142$18,038,210
Gross Interest60%210$1,100$230,943
Unfranked Dividends6%20$649$12,984
Franked Dividends20%70$5,415$379,055
Dividend Franking Credit20%70$2,320$162,419
Capital Gains4%15$7,225$108,380
Termination Payouts3%10$6,147$61,468
Tips/Directors Fees etc27%95$2,646$251,392
Business Income7%25$32,388$809,692
Foreign Income4%15$408$6,121
Government payments6%20$5,059$101,188
Government pensions3%10$8,895$88,952
Total Income or Loss100%350$59,459$20,810,778
Charitable Gifts37%130$299$38,908
Cost of Tax Affairs46%160$288$46,061
Work Car expenses36%125$2,443$305,432
Work Travel expenses14%50$2,246$112,319
Self Education expenses10%35$2,204$77,141
Total Deductions84%295$3,292$971,187
Taxable Income100%350$56,506$19,777,000
Medicare Levy 69%240$1,008$242,040
Medicare Surcharge 3%10$1,127$11,269
Gross Tax 86%300$13,256$3,976,680
Net Tax 80%280$14,721$4,121,996
Average Tax 100%350 $11,777$4,121,996
Gross Tax Rate 86%300 23%$3,976,680
Net Tax Rate 80%280 26%$4,121,996
Average Tax Rate 100%350 21%$4,121,996
%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 $56,506. It is estimated that the average taxable income for people who paid a net amount of tax was $67632.

The average net tax paid was $14,721. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 240 people for an average of $1,008. 10 people paid $1,127 on average more for the Medicare surcharge.

305 people earned a salary or wage and took home an average of $59,142 each.

Government allowance and payments were collected by 20 people for on average $5,059. 10 people received the pension or other allowance.

Charitable gifts and donations of an average of $299 were made by 130 people.

The costs of tax affairs for 160 people were claimed for $288 each.