TaxStats for postcode 2424 FY2013

Postcode 2424 includes Caffreys Flat, Cells River, Cells River, Cells River, Charity Creek, Cooplacurripa, Cundle Flat, Knorrit Flat, Knorrit Forest, Mount George, Number One, Rocks Crossing, Tiri in New South Wales, and is in the federal electorate of Lyne.

In FY 2013 the ATO recorded 210 individuals in postcode 2424. Of these people, 205 made a taxable income or loss. 125 of the population paid a gross amount of tax. After tax offsets, 105 people actually paid a net amount of tax. There were 100 non-taxable people who paid net tax of $0.

Compare TaxStats of 2424 with NSW

2424 TaxStats FY2013%Ppl#Ppl2424
Total Individuals100%210
Salary or Wage 67%140$36,220$5,070,758
Gross Interest55%115$2,058$236,644
Unfranked Dividends10%20$817$16,337
Franked Dividends29%60$514$30,810
Dividend Franking Credit29%60$220$13,172
Capital Gains2%5$2,719$13,597
Termination Payouts2%5$7,344$36,720
Tips/Directors Fees etc21%45$2,879$129,548
Business Income17%35$4,414$154,485
Foreign Income2%5$1,092$5,459
Government payments12%25$7,760$194,000
Government pensions10%20$11,308$226,161
Total Income or Loss100%210$29,004$6,090,776
Charitable Gifts26%55$161$8,863
Cost of Tax Affairs43%90$265$23,866
Work Car expenses17%35$3,062$107,181
Work Travel expenses5%10$2,141$21,412
Self Education expenses5%10$1,543$15,432
Total Deductions69%145$2,015$292,160
Taxable Income98%205$27,940$5,727,796
Medicare Levy 43%90$734$66,078
Medicare Surcharge 2%5$960$4,802
Gross Tax 60%125$6,833$854,177
Net Tax 50%105$7,488$786,250
Average Tax 100%210 $3,744$786,250
Gross Tax Rate 60%125 24%$854,177
Net Tax Rate 50%105 27%$786,250
Average Tax Rate 100%210 13%$786,250
%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 $27,940. It is estimated that the average taxable income for people who paid a net amount of tax was $43122.

The average net tax paid was $7,488. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 90 people for an average of $734. 5 people paid $960 on average more for the Medicare surcharge.

140 people earned a salary or wage and took home an average of $36,220 each.

Government allowance and payments were collected by 25 people for on average $7,760. 20 people received the pension or other allowance.

Charitable gifts and donations of an average of $161 were made by 55 people.

The costs of tax affairs for 90 people were claimed for $265 each.