TaxStats for postcode 2466 FY2013

Postcode 2466 includes Iluka, The Freshwater, Woody Head in New South Wales, and is in the federal electorate of Page.

In FY 2013 the ATO recorded 675 individuals in postcode 2466. Of these people, 665 made a taxable income or loss. 425 of the population paid a gross amount of tax. After tax offsets, 340 people actually paid a net amount of tax. There were 325 non-taxable people who paid net tax of $0.

Compare TaxStats of 2466 with NSW

2466 TaxStats FY2013%Ppl#Ppl2466
Avg
2466
Total
Total Individuals100%675
Income
Salary or Wage 59%395$34,337$13,563,162
Gross Interest56%380$2,330$885,306
Unfranked Dividends10%65$427$27,761
Franked Dividends31%210$2,833$594,964
Dividend Franking Credit31%210$1,194$250,757
Capital Gains5%35$13,212$462,430
Termination Payouts2%15$4,807$72,104
Tips/Directors Fees etc16%110$2,315$254,665
Business Income13%85$12,672$1,077,098
Foreign Income4%25$542$13,551
Government payments14%95$6,540$621,346
Government pensions13%85$10,235$869,962
Total Income or Loss99%670$33,575$22,494,998
Deducations
Charitable Gifts23%155$194$29,996
Cost of Tax Affairs44%295$339$99,900
Work Car expenses19%130$2,168$281,838
Work Travel expenses4%30$3,030$90,910
Self Education expenses4%25$913$22,829
Total Deductions69%465$2,313$1,075,393
Taxation
Taxable Income99%665$32,053$21,315,286
Medicare Levy 47%315$760$239,376
Medicare Surcharge 1%5$306$1,531
Gross Tax 63%425$7,282$3,094,789
Net Tax 50%340$8,718$2,964,020
Average Tax 100%675 $4,391$2,964,020
Gross Tax Rate 63%425 23%$3,094,789
Net Tax Rate 50%340 27%$2,964,020
Average Tax Rate 100%675 14%$2,964,020
%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 $32,053. It is estimated that the average taxable income for people who paid a net amount of tax was $51221.

The average net tax paid was $8,718. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 315 people for an average of $760. 5 people paid $306 on average more for the Medicare surcharge.

395 people earned a salary or wage and took home an average of $34,337 each.

Government allowance and payments were collected by 95 people for on average $6,540. 85 people received the pension or other allowance.

Charitable gifts and donations of an average of $194 were made by 155 people.

The costs of tax affairs for 295 people were claimed for $339 each.