TaxStats for postcode 2429 FY2013
Postcode 2429 includes Bobin, Boorganna, Bucca Wauka, Bulby Brush, Bulga Forest, Bunyah, Burrell Creek, Caparra, Cedar Party, Comboyne, Dingo Forest, Dollys Flat, Dyers Crossing, Elands, Firefly, Innes View, Karaak Flat, Khatambuhl, Killabakh, Killawarra, Kimbriki, Kippaxs, Krambach, Kundibakh, Marlee, Mooral Creek, Strathcedar, The Bight, Tipperary, Warriwillah, Wherrol Flat, Wingham, Yarratt Forest in New South Wales, and is in the federal electorate of Lyne.
In FY 2013 the ATO recorded 4,660 individuals in postcode 2429. Of these people, 4,615 made a taxable income or loss. 3,355 of the population paid a gross amount of tax. After tax offsets, 2,930 people actually paid a net amount of tax. There were 1,685 non-taxable people who paid net tax of $0.
Compare TaxStats of 2429 with NSW
| 2429 TaxStats FY2013 | %Ppl | #Ppl | 2429 Avg | 2429 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 4,660 | ||
| Income | ||||
| Salary or Wage | 70% | 3,265 | $41,434 | $135,283,056 |
| Gross Interest | 59% | 2,755 | $2,315 | $6,378,979 |
| Unfranked Dividends | 9% | 430 | $310 | $133,464 |
| Franked Dividends | 31% | 1,445 | $2,484 | $3,589,425 |
| Dividend Franking Credit | 31% | 1,435 | $1,070 | $1,535,491 |
| Capital Gains | 4% | 180 | $6,086 | $1,095,503 |
| Termination Payouts | 1% | 50 | $11,423 | $571,151 |
| Tips/Directors Fees etc | 22% | 1,010 | $2,025 | $2,045,193 |
| Business Income | 13% | 585 | $8,820 | $5,159,611 |
| Foreign Income | 4% | 190 | $1,147 | $217,937 |
| Government payments | 11% | 525 | $6,035 | $3,168,160 |
| Government pensions | 9% | 440 | $9,751 | $4,290,337 |
| Total Income or Loss | 100% | 4,645 | $38,128 | $177,104,329 |
| Deducations | ||||
| Charitable Gifts | 32% | 1,470 | $239 | $351,867 |
| Cost of Tax Affairs | 47% | 2,210 | $229 | $505,483 |
| Work Car expenses | 19% | 875 | $2,207 | $1,930,949 |
| Work Travel expenses | 5% | 240 | $2,620 | $628,709 |
| Self Education expenses | 4% | 185 | $1,860 | $344,057 |
| Total Deductions | 75% | 3,505 | $2,147 | $7,525,719 |
| Taxation | ||||
| Taxable Income | 99% | 4,615 | $36,515 | $168,518,317 |
| Medicare Levy | 59% | 2,730 | $769 | $2,100,626 |
| Medicare Surcharge | 1% | 35 | $1,217 | $42,594 |
| Gross Tax | 72% | 3,355 | $7,866 | $26,389,317 |
| Net Tax | 63% | 2,930 | $8,872 | $25,994,943 |
| Average Tax | 100% | 4,660 | $5,578 | $25,994,943 |
| Gross Tax Rate | 72% | 3,355 | 22% | $26,389,317 |
| Net Tax Rate | 63% | 2,930 | 24% | $25,994,943 |
| Average Tax Rate | 100% | 4,660 | 15% | $25,994,943 |
| %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 $36,515. It is estimated that the average taxable income for people who paid a net amount of tax was $50614.
The average net tax paid was $8,872. This equates to an average tax of 24 cents in the dollar on taxable income.
The Medicare levy was paid by 2,730 people for an average of $769. 35 people paid $1,217 on average more for the Medicare surcharge.
3,265 people earned a salary or wage and took home an average of $41,434 each.
Government allowance and payments were collected by 525 people for on average $6,035. 440 people received the pension or other allowance.
Charitable gifts and donations of an average of $239 were made by 1,470 people.
The costs of tax affairs for 2,210 people were claimed for $229 each.