TaxStats for postcode 2372 FY2013
Postcode 2372 includes Back Creek, Billyrimba, Black Swamp, Bluff Rock, Bolivia, Bookookoorara, Boonoo Boonoo, Boorook, Bryans Gap, Bungulla, Carrolls Creek, Cullendore, Dumaresq Valley, Forest Land, Homestead, Leechs Gully, Liston, Mole River, Mount Mackenzie, Pyes Creek, Rivertree, Rocky River, Sandy Flat, Sandy Hill, Silent Grove, Steinbrook, Sunnyside, Tarban, Tenterfield, The Scrub, Timbarra, Undercliffe, Undercliffe, Willsons Downfall, Woodside, Woodside, Wylie Creek in New South Wales, and is in the federal electorate of New England.
In FY 2013 the ATO recorded 2,515 individuals in postcode 2372. Of these people, 2,485 made a taxable income or loss. 1,695 of the population paid a gross amount of tax. After tax offsets, 1,415 people actually paid a net amount of tax. There were 1,070 non-taxable people who paid net tax of $0.
Compare TaxStats of 2372 with NSW
| 2372 TaxStats FY2013 | %Ppl | #Ppl | 2372 Avg | 2372 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 2,515 | ||
| Income | ||||
| Salary or Wage | 65% | 1,645 | $40,606 | $66,796,382 |
| Gross Interest | 65% | 1,625 | $2,198 | $3,571,482 |
| Unfranked Dividends | 10% | 260 | $280 | $72,701 |
| Franked Dividends | 32% | 800 | $3,866 | $3,092,849 |
| Dividend Franking Credit | 32% | 795 | $1,667 | $1,325,408 |
| Capital Gains | 4% | 105 | $7,008 | $735,888 |
| Termination Payouts | 1% | 25 | $4,291 | $107,283 |
| Tips/Directors Fees etc | 22% | 565 | $3,032 | $1,712,826 |
| Business Income | 15% | 375 | $2,074 | $777,638 |
| Foreign Income | 5% | 135 | $760 | $102,616 |
| Government payments | 9% | 230 | $6,362 | $1,463,286 |
| Government pensions | 11% | 280 | $9,877 | $2,765,596 |
| Total Income or Loss | 100% | 2,510 | $35,397 | $88,845,300 |
| Deducations | ||||
| Charitable Gifts | 21% | 540 | $246 | $132,950 |
| Cost of Tax Affairs | 42% | 1,055 | $321 | $338,951 |
| Work Car expenses | 19% | 475 | $2,090 | $992,607 |
| Work Travel expenses | 8% | 195 | $3,830 | $746,791 |
| Self Education expenses | 3% | 80 | $1,533 | $122,619 |
| Total Deductions | 72% | 1,800 | $2,617 | $4,710,834 |
| Taxation | ||||
| Taxable Income | 99% | 2,485 | $33,475 | $83,184,448 |
| Medicare Levy | 52% | 1,310 | $786 | $1,030,304 |
| Medicare Surcharge | 1% | 15 | $1,155 | $17,326 |
| Gross Tax | 67% | 1,695 | $8,086 | $13,706,168 |
| Net Tax | 56% | 1,415 | $9,357 | $13,240,139 |
| Average Tax | 100% | 2,515 | $5,264 | $13,240,139 |
| Gross Tax Rate | 67% | 1,695 | 24% | $13,706,168 |
| Net Tax Rate | 56% | 1,415 | 28% | $13,240,139 |
| Average Tax Rate | 100% | 2,515 | 16% | $13,240,139 |
| %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 $33,475. It is estimated that the average taxable income for people who paid a net amount of tax was $49713.
The average net tax paid was $9,357. This equates to an average tax of 28 cents in the dollar on taxable income.
The Medicare levy was paid by 1,310 people for an average of $786. 15 people paid $1,155 on average more for the Medicare surcharge.
1,645 people earned a salary or wage and took home an average of $40,606 each.
Government allowance and payments were collected by 230 people for on average $6,362. 280 people received the pension or other allowance.
Charitable gifts and donations of an average of $246 were made by 540 people.
The costs of tax affairs for 1,055 people were claimed for $321 each.