TaxStats for postcode 2371 FY2013

Postcode 2371 includes Capoompeta, Deepwater, Emmaville, Rocky Creek, Stannum, Tent Hill, Torrington, Tungsten, Wellington Vale, Yellow Dam in New South Wales, and is in the federal electorate of New England.

In FY 2013 the ATO recorded 525 individuals in postcode 2371. Of these people, 510 made a taxable income or loss. 320 of the population paid a gross amount of tax. After tax offsets, 270 people actually paid a net amount of tax. There were 240 non-taxable people who paid net tax of $0.

Compare TaxStats of 2371 with NSW

2371 TaxStats FY2013%Ppl#Ppl2371
Total Individuals100%525
Salary or Wage 62%325$35,920$11,673,942
Gross Interest62%325$1,915$622,496
Unfranked Dividends13%70$418$29,234
Franked Dividends31%165$5,526$911,820
Dividend Franking Credit31%165$2,365$390,222
Capital Gains8%40$10,413$416,506
Termination Payouts1%5$5,518$27,591
Tips/Directors Fees etc18%95$2,492$236,743
Business Income13%70$1,964$137,506
Foreign Income6%30$168$5,031
Government payments10%50$5,457$272,832
Government pensions11%60$11,436$686,151
Total Income or Loss99%520$30,362$15,788,366
Charitable Gifts19%100$243$24,289
Cost of Tax Affairs33%175$302$52,789
Work Car expenses12%65$2,335$151,801
Work Travel expenses5%25$1,909$47,730
Self Education expenses2%10$1,910$19,095
Total Deductions65%340$2,267$770,717
Taxable Income97%510$28,972$14,775,726
Medicare Levy 48%250$740$184,942
Medicare Surcharge 1%5$1,378$6,888
Gross Tax 61%320$7,633$2,442,607
Net Tax 51%270$8,539$2,305,484
Average Tax 100%525 $4,391$2,305,484
Gross Tax Rate 61%320 26%$2,442,607
Net Tax Rate 51%270 29%$2,305,484
Average Tax Rate 100%525 15%$2,305,484
%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 $28,972. It is estimated that the average taxable income for people who paid a net amount of tax was $44058.

The average net tax paid was $8,539. This equates to an average tax of 29 cents in the dollar on taxable income.

The Medicare levy was paid by 250 people for an average of $740. 5 people paid $1,378 on average more for the Medicare surcharge.

325 people earned a salary or wage and took home an average of $35,920 each.

Government allowance and payments were collected by 50 people for on average $5,457. 60 people received the pension or other allowance.

Charitable gifts and donations of an average of $243 were made by 100 people.

The costs of tax affairs for 175 people were claimed for $302 each.