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 | #Ppl | 2424 Avg | 2424 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 210 | ||
| Income | ||||
| Salary or Wage | 67% | 140 | $36,220 | $5,070,758 |
| Gross Interest | 55% | 115 | $2,058 | $236,644 |
| Unfranked Dividends | 10% | 20 | $817 | $16,337 |
| Franked Dividends | 29% | 60 | $514 | $30,810 |
| Dividend Franking Credit | 29% | 60 | $220 | $13,172 |
| Capital Gains | 2% | 5 | $2,719 | $13,597 |
| Termination Payouts | 2% | 5 | $7,344 | $36,720 |
| Tips/Directors Fees etc | 21% | 45 | $2,879 | $129,548 |
| Business Income | 17% | 35 | $4,414 | $154,485 |
| Foreign Income | 2% | 5 | $1,092 | $5,459 |
| Government payments | 12% | 25 | $7,760 | $194,000 |
| Government pensions | 10% | 20 | $11,308 | $226,161 |
| Total Income or Loss | 100% | 210 | $29,004 | $6,090,776 |
| Deducations | ||||
| Charitable Gifts | 26% | 55 | $161 | $8,863 |
| Cost of Tax Affairs | 43% | 90 | $265 | $23,866 |
| Work Car expenses | 17% | 35 | $3,062 | $107,181 |
| Work Travel expenses | 5% | 10 | $2,141 | $21,412 |
| Self Education expenses | 5% | 10 | $1,543 | $15,432 |
| Total Deductions | 69% | 145 | $2,015 | $292,160 |
| Taxation | ||||
| Taxable Income | 98% | 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.