TaxStats for postcode 2361 FY2013

Postcode 2361 includes Ashford, Ashford, Atholwood, Atholwood, Bonshaw, Bonshaw, Limestone, Limestone, Pindaroi, Pindaroi in New South Wales, and is in the federal electorate of New England.

In FY 2013 the ATO recorded 375 individuals in postcode 2361. Of these people, 365 made a taxable income or loss. 230 of the population paid a gross amount of tax. After tax offsets, 185 people actually paid a net amount of tax. There were 180 non-taxable people who paid net tax of $0.

Compare TaxStats of 2361 with NSW

2361 TaxStats FY2013%Ppl#Ppl2361
Avg
2361
Total
Total Individuals100%375
Income
Salary or Wage 67%250$34,630$8,657,487
Gross Interest55%205$3,192$654,328
Unfranked Dividends5%20$186$3,725
Franked Dividends25%95$2,162$205,349
Dividend Franking Credit25%95$926$87,957
Capital Gains4%15$3,882$58,226
Termination Payouts3%10$2,088$20,876
Tips/Directors Fees etc19%70$1,264$88,488
Business Income13%50$-2,548$-127,420
Foreign Income4%15$214$3,206
Government payments12%45$6,827$307,216
Government pensions8%30$11,258$337,750
Total Income or Loss100%375$28,055$10,520,783
Deducations
Charitable Gifts23%85$312$26,481
Cost of Tax Affairs37%140$292$40,865
Work Car expenses17%65$3,325$216,156
Work Travel expenses7%25$1,998$49,948
Self Education expenses4%15$1,688$25,323
Total Deductions68%255$2,684$684,521
Taxation
Taxable Income97%365$26,267$9,587,548
Medicare Levy 47%175$675$118,052
Medicare Surcharge 1%5$416$2,080
Gross Tax 61%230$6,161$1,416,978
Net Tax 49%185$7,196$1,331,311
Average Tax 100%375 $3,550$1,331,311
Gross Tax Rate 61%230 23%$1,416,978
Net Tax Rate 49%185 27%$1,331,311
Average Tax Rate 100%375 14%$1,331,311
%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 $26,267. It is estimated that the average taxable income for people who paid a net amount of tax was $40149.

The average net tax paid was $7,196. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 175 people for an average of $675. 5 people paid $416 on average more for the Medicare surcharge.

250 people earned a salary or wage and took home an average of $34,630 each.

Government allowance and payments were collected by 45 people for on average $6,827. 30 people received the pension or other allowance.

Charitable gifts and donations of an average of $312 were made by 85 people.

The costs of tax affairs for 140 people were claimed for $292 each.