TaxStats for postcode 2420 FY2013

Postcode 2420 includes Alison, Bandon Grove, Bendolba, Brookfield, Brownmore, Cambra, Chichester, Dingadee, Dungog, Dusodie, Flat Tops, Fosterton, Hanleys Creek, Hilldale, Main Creek, Marshdale, Martins Creek, Munni, Salisbury, Stroud Hill, Sugarloaf, Tabbil Creek, Tillegra, Underbank, Upper Chichester, Wallaringa, Wallarobba, Wirragulla in New South Wales, and is in the federal electorate of Paterson.

In FY 2013 the ATO recorded 2,065 individuals in postcode 2420. Of these people, 2,045 made a taxable income or loss. 1,510 of the population paid a gross amount of tax. After tax offsets, 1,320 people actually paid a net amount of tax. There were 725 non-taxable people who paid net tax of $0.

Compare TaxStats of 2420 with NSW

2420 TaxStats FY2013%Ppl#Ppl2420
Total Individuals100%2,065
Salary or Wage 70%1,445$48,616$70,249,863
Gross Interest61%1,260$2,683$3,380,278
Unfranked Dividends11%225$309$69,450
Franked Dividends35%730$3,906$2,851,447
Dividend Franking Credit35%730$1,673$1,221,576
Capital Gains4%85$8,014$681,151
Termination Payouts1%20$7,691$153,811
Tips/Directors Fees etc22%445$2,993$1,331,976
Business Income14%280$3,130$876,320
Foreign Income6%120$442$53,012
Government payments7%145$5,379$779,907
Government pensions8%160$9,297$1,487,489
Total Income or Loss100%2,060$43,360$89,321,841
Charitable Gifts33%690$356$245,839
Cost of Tax Affairs51%1,050$281$295,442
Work Car expenses25%515$2,165$1,114,937
Work Travel expenses7%140$2,695$377,303
Self Education expenses4%90$2,075$186,764
Total Deductions79%1,630$2,697$4,395,434
Taxable Income99%2,045$41,418$84,699,799
Medicare Levy 61%1,265$870$1,099,921
Medicare Surcharge 1%20$980$19,590
Gross Tax 73%1,510$10,149$15,324,926
Net Tax 64%1,320$11,679$15,415,832
Average Tax 100%2,065 $7,465$15,415,832
Gross Tax Rate 73%1,510 25%$15,324,926
Net Tax Rate 64%1,320 28%$15,415,832
Average Tax Rate 100%2,065 18%$15,415,832
%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 $41,418. It is estimated that the average taxable income for people who paid a net amount of tax was $57576.

The average net tax paid was $11,679. This equates to an average tax of 28 cents in the dollar on taxable income.

The Medicare levy was paid by 1,265 people for an average of $870. 20 people paid $980 on average more for the Medicare surcharge.

1,445 people earned a salary or wage and took home an average of $48,616 each.

Government allowance and payments were collected by 145 people for on average $5,379. 160 people received the pension or other allowance.

Charitable gifts and donations of an average of $356 were made by 690 people.

The costs of tax affairs for 1,050 people were claimed for $281 each.