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#Ppl2372
Total Individuals100%2,515
Salary or Wage 65%1,645$40,606$66,796,382
Gross Interest65%1,625$2,198$3,571,482
Unfranked Dividends10%260$280$72,701
Franked Dividends32%800$3,866$3,092,849
Dividend Franking Credit32%795$1,667$1,325,408
Capital Gains4%105$7,008$735,888
Termination Payouts1%25$4,291$107,283
Tips/Directors Fees etc22%565$3,032$1,712,826
Business Income15%375$2,074$777,638
Foreign Income5%135$760$102,616
Government payments9%230$6,362$1,463,286
Government pensions11%280$9,877$2,765,596
Total Income or Loss100%2,510$35,397$88,845,300
Charitable Gifts21%540$246$132,950
Cost of Tax Affairs42%1,055$321$338,951
Work Car expenses19%475$2,090$992,607
Work Travel expenses8%195$3,830$746,791
Self Education expenses3%80$1,533$122,619
Total Deductions72%1,800$2,617$4,710,834
Taxable Income99%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.