TaxStats for postcode 2350 FY2013

Postcode 2350 includes Aberfoyle, Abington, Argyle, Armidale, Bona Vista, Boorolong, Boorolong, Castle Doyle, Dangarsleigh, Donald Creek, Dumaresq, Duval, East Armidale, Enmore, Hillgrove, Hillgrove, Invergowrie, Jeogla, Kellys Plains, Lyndhurst, Lyndhurst, Metz, Newling, Puddledock, Saumarez, Saumarez Ponds, Thalgarrah, Tilbuster, Wards Mistake, West Armidale, Wollomombi, Wongwibinda in New South Wales, and is in the federal electorate of New England.

In FY 2013 the ATO recorded 13,465 individuals in postcode 2350. Of these people, 13,345 made a taxable income or loss. 10,410 of the population paid a gross amount of tax. After tax offsets, 9,355 people actually paid a net amount of tax. There were 3,990 non-taxable people who paid net tax of $0.

Compare TaxStats of 2350 with NSW

2350 TaxStats FY2013%Ppl#Ppl2350
Total Individuals100%13,465
Salary or Wage 78%10,500$46,092$483,967,786
Gross Interest65%8,815$1,978$17,438,181
Unfranked Dividends10%1,375$869$1,194,964
Franked Dividends30%4,040$5,459$22,052,447
Dividend Franking Credit30%4,020$2,349$9,441,814
Capital Gains5%690$10,225$7,054,975
Termination Payouts1%130$14,369$1,867,946
Tips/Directors Fees etc20%2,730$1,831$4,997,917
Business Income10%1,295$15,488$20,056,522
Foreign Income7%975$1,363$1,328,775
Government payments10%1,345$5,961$8,017,049
Government pensions7%895$9,369$8,385,410
Total Income or Loss100%13,405$47,911$642,243,914
Charitable Gifts32%4,245$519$2,204,861
Cost of Tax Affairs43%5,750$352$2,024,739
Work Car expenses20%2,680$2,026$5,430,968
Work Travel expenses9%1,230$1,728$2,125,806
Self Education expenses5%625$1,563$977,141
Total Deductions79%10,680$2,622$28,001,429
Taxable Income99%13,345$45,884$612,323,521
Medicare Levy 66%8,905$905$8,060,450
Medicare Surcharge 2%205$1,144$234,573
Gross Tax 77%10,410$11,005$114,561,839
Net Tax 69%9,355$12,382$115,829,507
Average Tax 100%13,465 $8,602$115,829,507
Gross Tax Rate 77%10,410 24%$114,561,839
Net Tax Rate 69%9,355 27%$115,829,507
Average Tax Rate 100%13,465 19%$115,829,507
%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 $45,884. It is estimated that the average taxable income for people who paid a net amount of tax was $60336.

The average net tax paid was $12,382. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 8,905 people for an average of $905. 205 people paid $1,144 on average more for the Medicare surcharge.

10,500 people earned a salary or wage and took home an average of $46,092 each.

Government allowance and payments were collected by 1,345 people for on average $5,961. 895 people received the pension or other allowance.

Charitable gifts and donations of an average of $519 were made by 4,245 people.

The costs of tax affairs for 5,750 people were claimed for $352 each.