TaxStats for postcode 2341 FY2013
Postcode 2341 includes Werris Creek in New South Wales, and is in the federal electorate of New England.
In FY 2013 the ATO recorded 655 individuals in postcode 2341. Of these people, 655 made a taxable income or loss. 505 of the population paid a gross amount of tax. After tax offsets, 445 people actually paid a net amount of tax. There were 210 non-taxable people who paid net tax of $0.
Compare TaxStats of 2341 with NSW
| 2341 TaxStats FY2013 | %Ppl | #Ppl | 2341 Avg | 2341 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 655 | ||
| Income | ||||
| Salary or Wage | 82% | 535 | $46,206 | $24,720,296 |
| Gross Interest | 53% | 350 | $1,451 | $507,936 |
| Unfranked Dividends | 7% | 45 | $593 | $26,681 |
| Franked Dividends | 27% | 175 | $2,063 | $361,103 |
| Dividend Franking Credit | 27% | 175 | $880 | $153,950 |
| Capital Gains | 3% | 20 | $8,999 | $179,972 |
| Termination Payouts | 1% | 5 | $2,524 | $12,619 |
| Tips/Directors Fees etc | 30% | 195 | $1,716 | $334,706 |
| Business Income | 8% | 50 | $312 | $15,598 |
| Foreign Income | 5% | 35 | $269 | $9,429 |
| Government payments | 15% | 100 | $6,373 | $637,322 |
| Government pensions | 8% | 55 | $10,285 | $565,674 |
| Total Income or Loss | 100% | 655 | $43,731 | $28,643,541 |
| Deducations | ||||
| Charitable Gifts | 27% | 180 | $264 | $47,515 |
| Cost of Tax Affairs | 56% | 365 | $236 | $86,025 |
| Work Car expenses | 29% | 190 | $2,847 | $540,970 |
| Work Travel expenses | 12% | 80 | $3,953 | $316,212 |
| Self Education expenses | 4% | 25 | $1,715 | $42,870 |
| Total Deductions | 81% | 530 | $3,087 | $1,636,187 |
| Taxation | ||||
| Taxable Income | 100% | 655 | $41,174 | $26,969,158 |
| Medicare Levy | 63% | 415 | $845 | $350,793 |
| Medicare Surcharge | 2% | 10 | $825 | $8,246 |
| Gross Tax | 77% | 505 | $9,134 | $4,612,791 |
| Net Tax | 68% | 445 | $10,551 | $4,695,187 |
| Average Tax | 100% | 655 | $7,168 | $4,695,187 |
| Gross Tax Rate | 77% | 505 | 22% | $4,612,791 |
| Net Tax Rate | 68% | 445 | 26% | $4,695,187 |
| Average Tax Rate | 100% | 655 | 17% | $4,695,187 |
| %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 $41,174. It is estimated that the average taxable income for people who paid a net amount of tax was $54942.
The average net tax paid was $10,551. This equates to an average tax of 26 cents in the dollar on taxable income.
The Medicare levy was paid by 415 people for an average of $845. 10 people paid $825 on average more for the Medicare surcharge.
535 people earned a salary or wage and took home an average of $46,206 each.
Government allowance and payments were collected by 100 people for on average $6,373. 55 people received the pension or other allowance.
Charitable gifts and donations of an average of $264 were made by 180 people.
The costs of tax affairs for 365 people were claimed for $236 each.