TaxStats for postcode 2304 FY2013

Postcode 2304 includes Kooragang, Mayfield, Mayfield East, Mayfield North, Mayfield West, Sandgate, Warabrook in New South Wales, and is in the federal electorate of Newcastle.

In FY 2013 the ATO recorded 7,840 individuals in postcode 2304. Of these people, 7,805 made a taxable income or loss. 6,520 of the population paid a gross amount of tax. After tax offsets, 6,055 people actually paid a net amount of tax. There were 1,750 non-taxable people who paid net tax of $0.

Compare TaxStats of 2304 with NSW

2304 TaxStats FY2013%Ppl#Ppl2304
Total Individuals100%7,840
Salary or Wage 87%6,825$50,444$344,283,300
Gross Interest53%4,165$1,168$4,863,390
Unfranked Dividends6%490$335$164,069
Franked Dividends22%1,695$2,945$4,992,596
Dividend Franking Credit21%1,685$1,268$2,136,809
Capital Gains3%200$10,536$2,107,246
Termination Payouts2%190$8,314$1,579,683
Tips/Directors Fees etc25%1,930$1,954$3,771,392
Business Income7%520$17,374$9,034,369
Foreign Income3%225$542$121,977
Government payments12%905$5,491$4,969,370
Government pensions5%420$9,117$3,829,214
Total Income or Loss100%7,820$50,553$395,321,294
Charitable Gifts41%3,230$309$997,140
Cost of Tax Affairs49%3,805$244$929,676
Work Car expenses29%2,310$2,126$4,910,569
Work Travel expenses11%860$1,398$1,202,525
Self Education expenses7%520$1,692$879,689
Total Deductions86%6,750$2,376$16,039,882
Taxable Income100%7,805$48,536$378,821,146
Medicare Levy 73%5,755$874$5,027,130
Medicare Surcharge 1%110$1,072$117,892
Gross Tax 83%6,520$10,522$68,601,036
Net Tax 77%6,055$11,612$70,310,880
Average Tax 100%7,840 $8,968$70,310,880
Gross Tax Rate 83%6,520 22%$68,601,036
Net Tax Rate 77%6,055 24%$70,310,880
Average Tax Rate 100%7,840 18%$70,310,880
%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 $48,536. It is estimated that the average taxable income for people who paid a net amount of tax was $59095.

The average net tax paid was $11,612. This equates to an average tax of 24 cents in the dollar on taxable income.

The Medicare levy was paid by 5,755 people for an average of $874. 110 people paid $1,072 on average more for the Medicare surcharge.

6,825 people earned a salary or wage and took home an average of $50,444 each.

Government allowance and payments were collected by 905 people for on average $5,491. 420 people received the pension or other allowance.

Charitable gifts and donations of an average of $309 were made by 3,230 people.

The costs of tax affairs for 3,805 people were claimed for $244 each.