TaxStats for postcode 2355 FY2013

Postcode 2355 includes Bendemeer, Retreat, Retreat, Watsons Creek in New South Wales, and is in the federal electorate of New England.

In FY 2013 the ATO recorded 300 individuals in postcode 2355. Of these people, 300 made a taxable income or loss. 215 of the population paid a gross amount of tax. After tax offsets, 195 people actually paid a net amount of tax. There were 105 non-taxable people who paid net tax of $0.

Compare TaxStats of 2355 with NSW

2355 TaxStats FY2013%Ppl#Ppl2355
Total Individuals100%300
Salary or Wage 77%230$39,816$9,157,781
Gross Interest50%150$1,134$170,034
Unfranked Dividends7%20$108$2,154
Franked Dividends22%65$18,996$1,234,763
Dividend Franking Credit22%65$8,141$529,170
Capital Gains3%10$846,269$8,462,693
Termination Payouts2%5$4,741$23,707
Tips/Directors Fees etc18%55$2,469$135,801
Business Income13%40$1,719$68,751
Foreign Income3%10$8,898$88,979
Government payments10%30$5,437$163,120
Government pensions7%20$8,976$179,524
Total Income or Loss100%300$75,945$22,783,473
Charitable Gifts20%60$306$18,385
Cost of Tax Affairs43%130$227$29,459
Work Car expenses18%55$2,276$125,177
Work Travel expenses7%20$948$18,954
Self Education expenses2%5$1,728$8,642
Total Deductions75%225$2,267$510,061
Taxable Income100%300$73,803$22,140,770
Medicare Levy 60%180$1,747$314,431
Medicare Surcharge 2%5$182$911
Gross Tax 72%215$32,173$6,917,096
Net Tax 65%195$36,348$7,087,946
Average Tax 100%300 $23,626$7,087,946
Gross Tax Rate 72%215 44%$6,917,096
Net Tax Rate 65%195 49%$7,087,946
Average Tax Rate 100%300 32%$7,087,946
%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 $73,803. It is estimated that the average taxable income for people who paid a net amount of tax was $107081.

The average net tax paid was $36,348. This equates to an average tax of 49 cents in the dollar on taxable income.

The Medicare levy was paid by 180 people for an average of $1,747. 5 people paid $182 on average more for the Medicare surcharge.

230 people earned a salary or wage and took home an average of $39,816 each.

Government allowance and payments were collected by 30 people for on average $5,437. 20 people received the pension or other allowance.

Charitable gifts and donations of an average of $306 were made by 60 people.

The costs of tax affairs for 130 people were claimed for $227 each.