TaxStats for postcode 2303 FY2013

Postcode 2303 includes Hamilton, Hamilton East, Hamilton South in New South Wales, and is in the federal electorate of Newcastle.

In FY 2013 the ATO recorded 5,250 individuals in postcode 2303. Of these people, 5,225 made a taxable income or loss. 4,270 of the population paid a gross amount of tax. After tax offsets, 3,935 people actually paid a net amount of tax. There were 1,290 non-taxable people who paid net tax of $0.

Compare TaxStats of 2303 with NSW

2303 TaxStats FY2013%Ppl#Ppl2303
Total Individuals100%5,250
Salary or Wage 79%4,155$57,692$239,710,912
Gross Interest61%3,195$2,358$7,532,319
Unfranked Dividends11%575$923$530,520
Franked Dividends35%1,825$5,781$10,549,481
Dividend Franking Credit35%1,825$2,476$4,519,269
Capital Gains6%300$13,550$4,065,021
Termination Payouts2%100$17,920$1,792,029
Tips/Directors Fees etc21%1,080$3,222$3,479,628
Business Income9%450$42,623$19,180,268
Foreign Income6%330$821$270,932
Government payments9%485$6,218$3,015,573
Government pensions5%255$9,342$2,382,261
Total Income or Loss100%5,235$63,150$330,591,224
Charitable Gifts39%2,045$433$885,366
Cost of Tax Affairs46%2,400$368$883,756
Work Car expenses26%1,350$2,524$3,406,996
Work Travel expenses10%515$1,279$658,516
Self Education expenses6%290$1,819$527,630
Total Deductions82%4,305$3,245$13,971,872
Taxable Income100%5,225$60,499$316,107,543
Medicare Levy 72%3,780$1,140$4,309,284
Medicare Surcharge 1%75$1,167$87,536
Gross Tax 81%4,270$16,725$71,416,849
Net Tax 75%3,935$18,539$72,952,240
Average Tax 100%5,250 $13,896$72,952,240
Gross Tax Rate 81%4,270 28%$71,416,849
Net Tax Rate 75%3,935 31%$72,952,240
Average Tax Rate 100%5,250 23%$72,952,240
%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 $60,499. It is estimated that the average taxable income for people who paid a net amount of tax was $76398.

The average net tax paid was $18,539. This equates to an average tax of 31 cents in the dollar on taxable income.

The Medicare levy was paid by 3,780 people for an average of $1,140. 75 people paid $1,167 on average more for the Medicare surcharge.

4,155 people earned a salary or wage and took home an average of $57,692 each.

Government allowance and payments were collected by 485 people for on average $6,218. 255 people received the pension or other allowance.

Charitable gifts and donations of an average of $433 were made by 2,045 people.

The costs of tax affairs for 2,400 people were claimed for $368 each.