TaxStats for postcode 2370 FY2013

Postcode 2370 includes Bald Nob, Diehard, Dundee, Furracabad, Gibraltar Range, Glen Elgin, Glen Innes, Kingsgate, Kookabookra, Lambs Valley, Matheson, Moggs Swamp, Moogem, Newton Boyd, Pinkett, Rangers Valley, Red Range, Reddestone, Shannon Vale, Stonehenge, Swan Vale, Wellingrove, Yarrowford in New South Wales, and is in the federal electorate of New England.

In FY 2013 the ATO recorded 3,765 individuals in postcode 2370. Of these people, 3,715 made a taxable income or loss. 2,700 of the population paid a gross amount of tax. After tax offsets, 2,285 people actually paid a net amount of tax. There were 1,430 non-taxable people who paid net tax of $0.

Compare TaxStats of 2370 with NSW

2370 TaxStats FY2013%Ppl#Ppl2370
Total Individuals100%3,765
Salary or Wage 70%2,645$39,695$104,992,168
Gross Interest61%2,305$2,412$5,559,916
Unfranked Dividends11%430$477$205,255
Franked Dividends29%1,110$2,917$3,237,468
Dividend Franking Credit29%1,105$1,254$1,385,569
Capital Gains3%130$7,921$1,029,786
Termination Payouts1%20$5,928$118,567
Tips/Directors Fees etc23%855$2,150$1,837,846
Business Income12%465$6,693$3,112,111
Foreign Income5%170$650$110,562
Government payments11%405$5,796$2,347,572
Government pensions11%420$9,479$3,981,170
Total Income or Loss100%3,755$36,287$136,256,260
Charitable Gifts26%985$277$272,595
Cost of Tax Affairs39%1,460$290$423,322
Work Car expenses17%655$2,186$1,431,526
Work Travel expenses6%230$3,116$716,590
Self Education expenses3%115$1,573$180,876
Total Deductions74%2,790$2,439$6,805,390
Taxable Income99%3,715$34,577$128,453,096
Medicare Levy 57%2,130$762$1,623,308
Medicare Surcharge 1%30$1,145$34,363
Gross Tax 72%2,700$7,614$20,557,976
Net Tax 61%2,285$8,844$20,209,004
Average Tax 100%3,765 $5,368$20,209,004
Gross Tax Rate 72%2,700 22%$20,557,976
Net Tax Rate 61%2,285 26%$20,209,004
Average Tax Rate 100%3,765 16%$20,209,004
%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 $34,577. It is estimated that the average taxable income for people who paid a net amount of tax was $48706.

The average net tax paid was $8,844. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 2,130 people for an average of $762. 30 people paid $1,145 on average more for the Medicare surcharge.

2,645 people earned a salary or wage and took home an average of $39,695 each.

Government allowance and payments were collected by 405 people for on average $5,796. 420 people received the pension or other allowance.

Charitable gifts and donations of an average of $277 were made by 985 people.

The costs of tax affairs for 1,460 people were claimed for $290 each.