TaxStats for postcode 2321 FY2013
Postcode 2321 includes Berry Park, Butterwick, Butterwick, Clarence Town, Clarence Town, Cliftleigh, Duckenfield, Duns Creek, Duns Creek, Gillieston Heights, Glen Martin, Glen Martin, Glen William, Glen William, Harpers Hill, Harpers Hill, Heddon Greta, Hinton, Iona, Lochinvar, Lochinvar, Luskintyre, Luskintyre, Morpeth, Oswald, Oswald, Phoenix Park, Phoenix Park, Raworth, Windermere, Windermere, Woerden, Woodville, Woodville in New South Wales, and is in the federal electorate of Paterson.
In FY 2013 the ATO recorded 7,015 individuals in postcode 2321. Of these people, 6,980 made a taxable income or loss. 5,705 of the population paid a gross amount of tax. After tax offsets, 5,320 people actually paid a net amount of tax. There were 1,660 non-taxable people who paid net tax of $0.
Compare TaxStats of 2321 with NSW
| 2321 TaxStats FY2013 | %Ppl | #Ppl | 2321 Avg | 2321 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 7,015 | ||
| Income | ||||
| Salary or Wage | 83% | 5,810 | $60,016 | $348,694,166 |
| Gross Interest | 56% | 3,945 | $1,730 | $6,823,236 |
| Unfranked Dividends | 9% | 610 | $639 | $389,646 |
| Franked Dividends | 30% | 2,095 | $6,178 | $12,943,124 |
| Dividend Franking Credit | 30% | 2,085 | $2,660 | $5,545,257 |
| Capital Gains | 4% | 255 | $15,280 | $3,896,280 |
| Termination Payouts | 3% | 220 | $10,547 | $2,320,239 |
| Tips/Directors Fees etc | 23% | 1,625 | $2,544 | $4,134,530 |
| Business Income | 8% | 530 | $13,815 | $7,321,976 |
| Foreign Income | 4% | 285 | $477 | $135,901 |
| Government payments | 5% | 380 | $4,712 | $1,790,420 |
| Government pensions | 5% | 365 | $9,281 | $3,387,739 |
| Total Income or Loss | 100% | 6,995 | $60,127 | $420,586,254 |
| Deducations | ||||
| Charitable Gifts | 39% | 2,755 | $296 | $815,256 |
| Cost of Tax Affairs | 51% | 3,595 | $260 | $934,124 |
| Work Car expenses | 30% | 2,125 | $2,341 | $4,974,531 |
| Work Travel expenses | 7% | 515 | $2,510 | $1,292,679 |
| Self Education expenses | 6% | 430 | $1,926 | $828,333 |
| Total Deductions | 85% | 5,955 | $2,858 | $17,016,780 |
| Taxation | ||||
| Taxable Income | 100% | 6,980 | $57,742 | $403,038,467 |
| Medicare Levy | 73% | 5,150 | $1,083 | $5,579,882 |
| Medicare Surcharge | 1% | 90 | $1,227 | $110,401 |
| Gross Tax | 81% | 5,705 | $15,200 | $86,716,079 |
| Net Tax | 76% | 5,320 | $16,772 | $89,227,241 |
| Average Tax | 100% | 7,015 | $12,719 | $89,227,241 |
| Gross Tax Rate | 81% | 5,705 | 26% | $86,716,079 |
| Net Tax Rate | 76% | 5,320 | 29% | $89,227,241 |
| Average Tax Rate | 100% | 7,015 | 22% | $89,227,241 |
| %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 $57,742. It is estimated that the average taxable income for people who paid a net amount of tax was $72015.
The average net tax paid was $16,772. This equates to an average tax of 29 cents in the dollar on taxable income.
The Medicare levy was paid by 5,150 people for an average of $1,083. 90 people paid $1,227 on average more for the Medicare surcharge.
5,810 people earned a salary or wage and took home an average of $60,016 each.
Government allowance and payments were collected by 380 people for on average $4,712. 365 people received the pension or other allowance.
Charitable gifts and donations of an average of $296 were made by 2,755 people.
The costs of tax affairs for 3,595 people were claimed for $260 each.