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#Ppl2429
Total Individuals100%4,660
Salary or Wage 70%3,265$41,434$135,283,056
Gross Interest59%2,755$2,315$6,378,979
Unfranked Dividends9%430$310$133,464
Franked Dividends31%1,445$2,484$3,589,425
Dividend Franking Credit31%1,435$1,070$1,535,491
Capital Gains4%180$6,086$1,095,503
Termination Payouts1%50$11,423$571,151
Tips/Directors Fees etc22%1,010$2,025$2,045,193
Business Income13%585$8,820$5,159,611
Foreign Income4%190$1,147$217,937
Government payments11%525$6,035$3,168,160
Government pensions9%440$9,751$4,290,337
Total Income or Loss100%4,645$38,128$177,104,329
Charitable Gifts32%1,470$239$351,867
Cost of Tax Affairs47%2,210$229$505,483
Work Car expenses19%875$2,207$1,930,949
Work Travel expenses5%240$2,620$628,709
Self Education expenses4%185$1,860$344,057
Total Deductions75%3,505$2,147$7,525,719
Taxable Income99%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.