TaxStats for postcode 2340 FY2013
Postcode 2340 includes Appleby, Barry, Bective, Bithramere, Bowling Alley Point, Calala, Carroll, Daruka, Duncans Creek, Dungowan, East Tamworth, Garoo, Gidley, Goonoo Goonoo, Gowrie, Hallsville, Hanging Rock, Hillvue, Keepit, Kingswood, Loomberah, Moore Creek, Nemingha, North Tamworth, Nundle, Ogunbil, Oxley Vale, Piallamore, Somerton, South Tamworth, Taminda, Tamworth, Tamworth South, Timbumburi, Wallamore, Warral, Weabonga, West Tamworth, Westdale, Westdale, Woolomin in New South Wales, and is in the federal electorate of New England.
In FY 2013 the ATO recorded 26,395 individuals in postcode 2340. Of these people, 26,195 made a taxable income or loss. 21,010 of the population paid a gross amount of tax. After tax offsets, 19,070 people actually paid a net amount of tax. There were 7,125 non-taxable people who paid net tax of $0.
Compare TaxStats of 2340 with NSW
| 2340 TaxStats FY2013 | %Ppl | #Ppl | 2340 Avg | 2340 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 26,395 | ||
| Income | ||||
| Salary or Wage | 80% | 21,210 | $46,409 | $984,325,461 |
| Gross Interest | 55% | 14,475 | $2,001 | $28,966,365 |
| Unfranked Dividends | 9% | 2,290 | $693 | $1,587,139 |
| Franked Dividends | 27% | 7,205 | $4,696 | $33,832,988 |
| Dividend Franking Credit | 27% | 7,180 | $2,020 | $14,500,309 |
| Capital Gains | 4% | 1,020 | $7,851 | $8,008,039 |
| Termination Payouts | 1% | 280 | $8,719 | $2,441,348 |
| Tips/Directors Fees etc | 23% | 5,985 | $2,103 | $12,586,049 |
| Business Income | 8% | 2,165 | $18,447 | $39,937,986 |
| Foreign Income | 4% | 1,160 | $3,305 | $3,834,359 |
| Government payments | 9% | 2,370 | $5,449 | $12,915,106 |
| Government pensions | 8% | 2,040 | $9,387 | $19,150,461 |
| Total Income or Loss | 100% | 26,325 | $47,841 | $1,259,422,813 |
| Deducations | ||||
| Charitable Gifts | 32% | 8,345 | $373 | $3,112,693 |
| Cost of Tax Affairs | 51% | 13,330 | $268 | $3,577,645 |
| Work Car expenses | 24% | 6,410 | $2,104 | $13,487,633 |
| Work Travel expenses | 8% | 2,225 | $2,609 | $5,804,746 |
| Self Education expenses | 5% | 1,220 | $1,527 | $1,863,201 |
| Total Deductions | 82% | 21,735 | $2,649 | $57,574,046 |
| Taxation | ||||
| Taxable Income | 99% | 26,195 | $45,707 | $1,197,291,046 |
| Medicare Levy | 68% | 17,950 | $880 | $15,804,946 |
| Medicare Surcharge | 1% | 270 | $1,091 | $294,701 |
| Gross Tax | 80% | 21,010 | $10,412 | $218,763,040 |
| Net Tax | 72% | 19,070 | $11,624 | $221,672,341 |
| Average Tax | 100% | 26,395 | $8,398 | $221,672,341 |
| Gross Tax Rate | 80% | 21,010 | 23% | $218,763,040 |
| Net Tax Rate | 72% | 19,070 | 25% | $221,672,341 |
| Average Tax Rate | 100% | 26,395 | 18% | $221,672,341 |
| %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 $45,707. It is estimated that the average taxable income for people who paid a net amount of tax was $58301.
The average net tax paid was $11,624. This equates to an average tax of 25 cents in the dollar on taxable income.
The Medicare levy was paid by 17,950 people for an average of $880. 270 people paid $1,091 on average more for the Medicare surcharge.
21,210 people earned a salary or wage and took home an average of $46,409 each.
Government allowance and payments were collected by 2,370 people for on average $5,449. 2,040 people received the pension or other allowance.
Charitable gifts and donations of an average of $373 were made by 8,345 people.
The costs of tax affairs for 13,330 people were claimed for $268 each.