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#Ppl2340
Total Individuals100%26,395
Salary or Wage 80%21,210$46,409$984,325,461
Gross Interest55%14,475$2,001$28,966,365
Unfranked Dividends9%2,290$693$1,587,139
Franked Dividends27%7,205$4,696$33,832,988
Dividend Franking Credit27%7,180$2,020$14,500,309
Capital Gains4%1,020$7,851$8,008,039
Termination Payouts1%280$8,719$2,441,348
Tips/Directors Fees etc23%5,985$2,103$12,586,049
Business Income8%2,165$18,447$39,937,986
Foreign Income4%1,160$3,305$3,834,359
Government payments9%2,370$5,449$12,915,106
Government pensions8%2,040$9,387$19,150,461
Total Income or Loss100%26,325$47,841$1,259,422,813
Charitable Gifts32%8,345$373$3,112,693
Cost of Tax Affairs51%13,330$268$3,577,645
Work Car expenses24%6,410$2,104$13,487,633
Work Travel expenses8%2,225$2,609$5,804,746
Self Education expenses5%1,220$1,527$1,863,201
Total Deductions82%21,735$2,649$57,574,046
Taxable Income99%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.