TaxStats for postcode 2431 FY2013

Postcode 2431 includes Arakoon, Jerseyville, South West Rocks in New South Wales, and is in the federal electorate of Cowper.

In FY 2013 the ATO recorded 2,320 individuals in postcode 2431. Of these people, 2,305 made a taxable income or loss. 1,680 of the population paid a gross amount of tax. After tax offsets, 1,425 people actually paid a net amount of tax. There were 880 non-taxable people who paid net tax of $0.

Compare TaxStats of 2431 with NSW

2431 TaxStats FY2013%Ppl#Ppl2431
Total Individuals100%2,320
Salary or Wage 65%1,500$41,965$62,947,669
Gross Interest62%1,435$2,656$3,811,961
Unfranked Dividends9%215$370$79,476
Franked Dividends34%785$4,097$3,216,087
Dividend Franking Credit34%785$1,756$1,378,165
Capital Gains4%100$6,265$626,516
Termination Payouts2%35$9,115$319,024
Tips/Directors Fees etc20%460$1,817$835,909
Business Income11%245$15,124$3,705,474
Foreign Income6%135$1,681$226,994
Government payments10%225$5,329$1,199,089
Government pensions12%275$9,536$2,622,527
Total Income or Loss100%2,310$39,902$92,173,043
Charitable Gifts28%640$215$137,846
Cost of Tax Affairs50%1,150$268$307,845
Work Car expenses24%550$2,190$1,204,747
Work Travel expenses8%175$2,738$479,200
Self Education expenses4%95$2,006$190,576
Total Deductions76%1,770$2,447$4,331,955
Taxable Income99%2,305$38,069$87,748,085
Medicare Levy 58%1,340$796$1,066,858
Medicare Surcharge 1%25$1,270$31,761
Gross Tax 72%1,680$8,517$14,308,199
Net Tax 61%1,425$9,574$13,642,832
Average Tax 100%2,320 $5,881$13,642,832
Gross Tax Rate 72%1,680 22%$14,308,199
Net Tax Rate 61%1,425 25%$13,642,832
Average Tax Rate 100%2,320 15%$13,642,832
%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 $38,069. It is estimated that the average taxable income for people who paid a net amount of tax was $54167.

The average net tax paid was $9,574. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 1,340 people for an average of $796. 25 people paid $1,270 on average more for the Medicare surcharge.

1,500 people earned a salary or wage and took home an average of $41,965 each.

Government allowance and payments were collected by 225 people for on average $5,329. 275 people received the pension or other allowance.

Charitable gifts and donations of an average of $215 were made by 640 people.

The costs of tax affairs for 1,150 people were claimed for $268 each.