TaxStats for postcode 2423 FY2013

Postcode 2423 includes Bombah Point, Boolambayte, Bulahdelah, Bungwahl, Coolongolook, Crawford River, Markwell, Mayers Flat, Mungo Brush, Myall Lake, Nerong, Seal Rocks, Topi Topi, Upper Myall, Violet Hill, Wang Wauk, Warranulla, Willina, Wootton, Yagon in New South Wales, and is in the federal electorate of Paterson.

In FY 2013 the ATO recorded 1,455 individuals in postcode 2423. Of these people, 1,440 made a taxable income or loss. 1,040 of the population paid a gross amount of tax. After tax offsets, 905 people actually paid a net amount of tax. There were 535 non-taxable people who paid net tax of $0.

Compare TaxStats of 2423 with NSW

2423 TaxStats FY2013%Ppl#Ppl2423
Total Individuals100%1,455
Salary or Wage 70%1,015$42,189$42,822,200
Gross Interest59%865$2,424$2,096,363
Unfranked Dividends7%105$375$39,330
Franked Dividends27%395$11,057$4,367,461
Dividend Franking Credit27%395$4,739$1,871,977
Capital Gains3%50$36,839$1,841,929
Termination Payouts2%25$5,600$140,010
Tips/Directors Fees etc22%320$3,179$1,017,381
Business Income12%180$5,415$974,763
Foreign Income4%60$2,223$133,378
Government payments10%140$5,468$765,482
Government pensions8%120$10,721$1,286,500
Total Income or Loss100%1,450$43,306$62,793,676
Charitable Gifts27%395$406$160,405
Cost of Tax Affairs47%690$272$187,890
Work Car expenses19%280$2,265$634,236
Work Travel expenses5%80$4,799$383,890
Self Education expenses3%45$1,863$83,818
Total Deductions78%1,135$2,275$2,582,017
Taxable Income99%1,440$41,606$59,912,102
Medicare Levy 58%850$900$764,942
Medicare Surcharge 1%15$1,113$16,700
Gross Tax 71%1,040$10,833$11,266,647
Net Tax 62%905$12,496$11,308,492
Average Tax 100%1,455 $7,772$11,308,492
Gross Tax Rate 71%1,040 26%$11,266,647
Net Tax Rate 62%905 30%$11,308,492
Average Tax Rate 100%1,455 19%$11,308,492
%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 $41,606. It is estimated that the average taxable income for people who paid a net amount of tax was $59107.

The average net tax paid was $12,496. This equates to an average tax of 30 cents in the dollar on taxable income.

The Medicare levy was paid by 850 people for an average of $900. 15 people paid $1,113 on average more for the Medicare surcharge.

1,015 people earned a salary or wage and took home an average of $42,189 each.

Government allowance and payments were collected by 140 people for on average $5,468. 120 people received the pension or other allowance.

Charitable gifts and donations of an average of $406 were made by 395 people.

The costs of tax affairs for 690 people were claimed for $272 each.