TaxStats for postcode 2360 FY2013
Postcode 2360 includes Auburn Vale, Auburn Vale, Brodies Plains, Bukkulla, Bukkulla, Cherry Tree Hill, Cherry Tree Hill, Copeton, Copeton, Elsmore, Elsmore, Gilgai, Gilgai, Graman, Graman, Gum Flat, Gum Flat, Howell, Howell, Inverell, Inverell, Kings Plains, Little Plain, Little Plain, Long Plain, Long Plain, Long Plain, Mount Russell, Mount Russell, Newstead, Nullamanna, Nullamanna, Oakwood, Oakwood, Paradise, Rob Roy, Rob Roy, Sapphire, Sapphire, Spring Mountain, Stanborough, Stanborough, Swanbrook, Swanbrook, Wallangra, Wallangra, Wandera, Woodstock in New South Wales, and is in the federal electorate of New England.
In FY 2013 the ATO recorded 7,105 individuals in postcode 2360. Of these people, 7,015 made a taxable income or loss. 5,380 of the population paid a gross amount of tax. After tax offsets, 4,730 people actually paid a net amount of tax. There were 2,285 non-taxable people who paid net tax of $0.
Compare TaxStats of 2360 with NSW
| 2360 TaxStats FY2013 | %Ppl | #Ppl | 2360 Avg | 2360 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 7,105 | ||
| Income | ||||
| Salary or Wage | 74% | 5,265 | $41,327 | $217,585,544 |
| Gross Interest | 58% | 4,150 | $1,863 | $7,732,531 |
| Unfranked Dividends | 9% | 650 | $841 | $546,734 |
| Franked Dividends | 28% | 1,960 | $4,874 | $9,553,668 |
| Dividend Franking Credit | 28% | 1,960 | $2,088 | $4,093,333 |
| Capital Gains | 4% | 310 | $8,442 | $2,617,119 |
| Termination Payouts | 1% | 60 | $8,304 | $498,218 |
| Tips/Directors Fees etc | 17% | 1,235 | $1,986 | $2,452,120 |
| Business Income | 10% | 725 | $11,276 | $8,174,803 |
| Foreign Income | 5% | 355 | $499 | $177,013 |
| Government payments | 9% | 665 | $5,610 | $3,730,493 |
| Government pensions | 10% | 705 | $9,623 | $6,784,495 |
| Total Income or Loss | 100% | 7,090 | $40,762 | $289,006,030 |
| Deducations | ||||
| Charitable Gifts | 24% | 1,720 | $404 | $695,039 |
| Cost of Tax Affairs | 44% | 3,120 | $288 | $899,442 |
| Work Car expenses | 20% | 1,405 | $1,975 | $2,775,251 |
| Work Travel expenses | 6% | 450 | $2,362 | $1,063,026 |
| Self Education expenses | 4% | 280 | $1,941 | $543,522 |
| Total Deductions | 78% | 5,540 | $2,399 | $13,291,151 |
| Taxation | ||||
| Taxable Income | 99% | 7,015 | $39,014 | $273,680,621 |
| Medicare Levy | 61% | 4,345 | $797 | $3,464,340 |
| Medicare Surcharge | 1% | 50 | $1,222 | $61,106 |
| Gross Tax | 76% | 5,380 | $8,476 | $45,600,026 |
| Net Tax | 67% | 4,730 | $9,618 | $45,493,221 |
| Average Tax | 100% | 7,105 | $6,403 | $45,493,221 |
| Gross Tax Rate | 76% | 5,380 | 22% | $45,600,026 |
| Net Tax Rate | 67% | 4,730 | 25% | $45,493,221 |
| Average Tax Rate | 100% | 7,105 | 16% | $45,493,221 |
| %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 $39,014. It is estimated that the average taxable income for people who paid a net amount of tax was $52064.
The average net tax paid was $9,618. This equates to an average tax of 25 cents in the dollar on taxable income.
The Medicare levy was paid by 4,345 people for an average of $797. 50 people paid $1,222 on average more for the Medicare surcharge.
5,265 people earned a salary or wage and took home an average of $41,327 each.
Government allowance and payments were collected by 665 people for on average $5,610. 705 people received the pension or other allowance.
Charitable gifts and donations of an average of $404 were made by 1,720 people.
The costs of tax affairs for 3,120 people were claimed for $288 each.