TaxStats for postcode 2440 FY2013

Postcode 2440 includes Aldavilla, Austral Eden, Bellbrook, Bellimbopinni, Belmore River, Burnt Bridge, Carrai, Clybucca, Collombatti, Comara, Corangula, Crescent Head, Deep Creek, Deep Creek, Dondingalong, East Kempsey, Euroka, Frederickton, Gladstone, Greenhill, Hampden Hall, Hat Head, Hickeys Creek, Kempsey, Kinchela, Lower Creek, Lower Creek, Millbank, Mooneba, Moparrabah, Moparrabah, Mungay Creek, Old Station, Pola Creek, Rainbow Reach, Seven Oaks, Sherwood, Skillion Flat, Smithtown, South Kempsey, Summer Island, Temagog, Toorooka, Turners Flat, Verges Creek, West Kempsey, Willawarrin, Willi Willi, Willi Willi, Wittitrin, Yarravel, Yessabah in New South Wales, and is in the federal electorate of Cowper.

In FY 2013 the ATO recorded 9,435 individuals in postcode 2440. Of these people, 9,370 made a taxable income or loss. 7,040 of the population paid a gross amount of tax. After tax offsets, 6,175 people actually paid a net amount of tax. There were 3,195 non-taxable people who paid net tax of $0.

Compare TaxStats of 2440 with NSW

2440 TaxStats FY2013%Ppl#Ppl2440
Total Individuals100%9,435
Salary or Wage 75%7,120$41,432$294,996,972
Gross Interest56%5,320$2,110$11,226,890
Unfranked Dividends7%685$647$442,929
Franked Dividends26%2,450$2,971$7,280,079
Dividend Franking Credit26%2,445$1,275$3,118,318
Capital Gains3%270$8,197$2,213,069
Termination Payouts2%170$6,768$1,150,509
Tips/Directors Fees etc23%2,195$2,234$4,904,543
Business Income12%1,125$5,903$6,641,288
Foreign Income4%395$1,111$438,941
Government payments13%1,205$5,535$6,669,162
Government pensions10%950$9,812$9,321,490
Total Income or Loss100%9,415$39,685$373,632,780
Charitable Gifts22%2,115$767$1,622,730
Cost of Tax Affairs51%4,805$252$1,209,014
Work Car expenses24%2,285$2,007$4,584,886
Work Travel expenses7%650$4,129$2,683,910
Self Education expenses5%450$1,560$702,086
Total Deductions79%7,445$2,510$18,685,774
Taxable Income99%9,370$37,774$353,945,371
Medicare Levy 61%5,745$769$4,415,062
Medicare Surcharge 1%115$1,282$147,374
Gross Tax 75%7,040$7,952$55,984,170
Net Tax 65%6,175$9,041$55,826,229
Average Tax 100%9,435 $5,917$55,826,229
Gross Tax Rate 75%7,040 21%$55,984,170
Net Tax Rate 65%6,175 24%$55,826,229
Average Tax Rate 100%9,435 16%$55,826,229
%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 $37,774. It is estimated that the average taxable income for people who paid a net amount of tax was $51110.

The average net tax paid was $9,041. This equates to an average tax of 24 cents in the dollar on taxable income.

The Medicare levy was paid by 5,745 people for an average of $769. 115 people paid $1,282 on average more for the Medicare surcharge.

7,120 people earned a salary or wage and took home an average of $41,432 each.

Government allowance and payments were collected by 1,205 people for on average $5,535. 950 people received the pension or other allowance.

Charitable gifts and donations of an average of $767 were made by 2,115 people.

The costs of tax affairs for 4,805 people were claimed for $252 each.