TaxStats for postcode 2462 FY2013
Postcode 2462 includes Calliope, Coldstream, Diggers Camp, Gilletts Ridge, Lake Hiawatha, Lavadia, Minnie Water, Pillar Valley, Swan Creek, Tucabia, Ulmarra, Wooli in New South Wales, and is in the federal electorate of Cowper.
In FY 2013 the ATO recorded 1,060 individuals in postcode 2462. Of these people, 1,040 made a taxable income or loss. 725 of the population paid a gross amount of tax. After tax offsets, 595 people actually paid a net amount of tax. There were 445 non-taxable people who paid net tax of $0.
Compare TaxStats of 2462 with NSW
| 2462 TaxStats FY2013 | %Ppl | #Ppl | 2462 Avg | 2462 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 1,060 | ||
| Income | ||||
| Salary or Wage | 66% | 700 | $39,452 | $27,616,236 |
| Gross Interest | 61% | 650 | $2,465 | $1,602,280 |
| Unfranked Dividends | 9% | 100 | $193 | $19,303 |
| Franked Dividends | 25% | 270 | $3,482 | $940,092 |
| Dividend Franking Credit | 25% | 270 | $1,493 | $403,025 |
| Capital Gains | 2% | 25 | $16,664 | $416,596 |
| Termination Payouts | 2% | 20 | $7,531 | $150,614 |
| Tips/Directors Fees etc | 20% | 210 | $2,711 | $569,307 |
| Business Income | 17% | 175 | $-355 | $-62,090 |
| Foreign Income | 3% | 35 | $2,254 | $78,896 |
| Government payments | 14% | 150 | $5,859 | $878,901 |
| Government pensions | 10% | 110 | $9,848 | $1,083,249 |
| Total Income or Loss | 100% | 1,055 | $35,069 | $36,997,813 |
| Deducations | ||||
| Charitable Gifts | 25% | 270 | $166 | $44,842 |
| Cost of Tax Affairs | 48% | 505 | $312 | $157,787 |
| Work Car expenses | 19% | 205 | $2,028 | $415,799 |
| Work Travel expenses | 5% | 55 | $3,744 | $205,912 |
| Self Education expenses | 3% | 35 | $1,446 | $50,620 |
| Total Deductions | 72% | 765 | $2,064 | $1,578,781 |
| Taxation | ||||
| Taxable Income | 98% | 1,040 | $33,857 | $35,210,939 |
| Medicare Levy | 53% | 560 | $752 | $421,017 |
| Medicare Surcharge | 1% | 10 | $1,140 | $11,402 |
| Gross Tax | 68% | 725 | $7,291 | $5,286,053 |
| Net Tax | 56% | 595 | $8,675 | $5,161,857 |
| Average Tax | 100% | 1,060 | $4,870 | $5,161,857 |
| Gross Tax Rate | 68% | 725 | 22% | $5,286,053 |
| Net Tax Rate | 56% | 595 | 26% | $5,161,857 |
| Average Tax Rate | 100% | 1,060 | 14% | $5,161,857 |
| %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 $33,857. It is estimated that the average taxable income for people who paid a net amount of tax was $50203.
The average net tax paid was $8,675. This equates to an average tax of 26 cents in the dollar on taxable income.
The Medicare levy was paid by 560 people for an average of $752. 10 people paid $1,140 on average more for the Medicare surcharge.
700 people earned a salary or wage and took home an average of $39,452 each.
Government allowance and payments were collected by 150 people for on average $5,859. 110 people received the pension or other allowance.
Charitable gifts and donations of an average of $166 were made by 270 people.
The costs of tax affairs for 505 people were claimed for $312 each.