TaxStats for postcode 2307 FY2013

Postcode 2307 includes Shortland, Shortland in New South Wales, and is in the federal electorate of Newcastle.

In FY 2013 the ATO recorded 1,755 individuals in postcode 2307. Of these people, 1,755 made a taxable income or loss. 1,365 of the population paid a gross amount of tax. After tax offsets, 1,255 people actually paid a net amount of tax. There were 500 non-taxable people who paid net tax of $0.

Compare TaxStats of 2307 with NSW

2307 TaxStats FY2013%Ppl#Ppl2307
Total Individuals100%1,755
Salary or Wage 86%1,505$46,133$69,430,114
Gross Interest48%850$944$802,292
Unfranked Dividends7%120$167$19,993
Franked Dividends24%420$1,247$523,923
Dividend Franking Credit24%420$535$224,496
Capital Gains2%40$3,853$154,118
Termination Payouts2%30$4,744$142,308
Tips/Directors Fees etc23%410$2,453$1,005,693
Business Income5%95$14,122$1,341,594
Foreign Income2%35$1,029$36,022
Government payments12%210$5,373$1,128,254
Government pensions6%110$9,815$1,079,632
Total Income or Loss100%1,755$44,576$78,230,252
Charitable Gifts36%635$302$192,086
Cost of Tax Affairs45%795$201$160,108
Work Car expenses29%515$1,938$998,021
Work Travel expenses9%150$1,234$185,073
Self Education expenses6%105$1,484$155,815
Total Deductions82%1,440$2,088$3,007,412
Taxable Income100%1,755$42,687$74,916,446
Medicare Levy 68%1,185$820$971,155
Medicare Surcharge 1%10$1,239$12,388
Gross Tax 78%1,365$9,177$12,526,011
Net Tax 72%1,255$10,245$12,857,938
Average Tax 100%1,755 $7,326$12,857,938
Gross Tax Rate 78%1,365 21%$12,526,011
Net Tax Rate 72%1,255 24%$12,857,938
Average Tax Rate 100%1,755 17%$12,857,938
%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 $42,687. It is estimated that the average taxable income for people who paid a net amount of tax was $54914.

The average net tax paid was $10,245. This equates to an average tax of 24 cents in the dollar on taxable income.

The Medicare levy was paid by 1,185 people for an average of $820. 10 people paid $1,239 on average more for the Medicare surcharge.

1,505 people earned a salary or wage and took home an average of $46,133 each.

Government allowance and payments were collected by 210 people for on average $5,373. 110 people received the pension or other allowance.

Charitable gifts and donations of an average of $302 were made by 635 people.

The costs of tax affairs for 795 people were claimed for $201 each.