TaxStats for postcode 2480 FY2013

Postcode 2480 includes Back Creek, Bentley, Bexhill, Blakebrook, Blue Knob, Boat Harbour, Booerie Creek, Boorabee Park, Booyong, Bungabbee, Caniaba, Chilcotts Grass, Clovass, Clunes, Coffee Camp, Corndale, Dorroughby, Dungarubba, Dunoon, East Lismore, Eltham, Eureka, Federal, Fernside, Georgica, Girards Hill, Goolmangar, Goonellabah, Gundurimba, Howards Grass, Jiggi, Keerrong, Koonorigan, Lagoon Grass, Larnook, Leycester, Lillian Rock, Lindendale, Lismore, Lismore Heights, Loftville, Marom Creek, Mckees Hill, Mcleans Ridges, Missingham, Modanville, Monaltrie, Mountain Top, Nightcap, Nimbin, North Lismore, Numulgi, Repentance Creek, Richmond Hill, Rock Valley, Rosebank, Ruthven, South Gundurimba, South Lismore, Steve Kings Plains, Stony Chute, Terania Creek, The Channon, Tregeagle, Tucki Tucki, Tuckurimba, Tullera, Tuncester, Tuntable Creek, Tuntable Falls, Whian Whian, Woodlawn, Wyrallah in New South Wales, and is in the federal electorate of Page.

In FY 2013 the ATO recorded 23,260 individuals in postcode 2480. Of these people, 23,045 made a taxable income or loss. 17,660 of the population paid a gross amount of tax. After tax offsets, 15,785 people actually paid a net amount of tax. There were 7,260 non-taxable people who paid net tax of $0.

Compare TaxStats of 2480 with NSW

2480 TaxStats FY2013%Ppl#Ppl2480
Total Individuals100%23,260
Salary or Wage 75%17,490$42,619$745,413,843
Gross Interest60%13,865$1,949$27,024,636
Unfranked Dividends8%1,935$537$1,039,888
Franked Dividends27%6,170$3,393$20,934,502
Dividend Franking Credit26%6,160$1,456$8,969,719
Capital Gains3%775$10,257$7,949,188
Termination Payouts1%270$9,717$2,623,494
Tips/Directors Fees etc22%5,035$2,013$10,135,076
Business Income13%2,975$14,421$42,903,212
Foreign Income4%1,020$1,147$1,169,612
Government payments12%2,750$5,699$15,673,046
Government pensions8%1,775$9,046$16,057,509
Total Income or Loss100%23,200$42,871$994,603,476
Charitable Gifts33%7,635$353$2,692,753
Cost of Tax Affairs49%11,310$304$3,442,576
Work Car expenses24%5,605$1,957$10,968,370
Work Travel expenses6%1,500$1,654$2,480,259
Self Education expenses5%1,090$1,397$1,522,244
Total Deductions80%18,500$2,410$44,593,574
Taxable Income99%23,045$41,011$945,103,396
Medicare Levy 64%14,895$815$12,144,792
Medicare Surcharge 1%225$1,196$269,177
Gross Tax 76%17,660$9,089$160,507,237
Net Tax 68%15,785$10,200$161,014,676
Average Tax 100%23,260 $6,922$161,014,676
Gross Tax Rate 76%17,660 22%$160,507,237
Net Tax Rate 68%15,785 25%$161,014,676
Average Tax Rate 100%23,260 17%$161,014,676
%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 $41,011. It is estimated that the average taxable income for people who paid a net amount of tax was $54354.

The average net tax paid was $10,200. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 14,895 people for an average of $815. 225 people paid $1,196 on average more for the Medicare surcharge.

17,490 people earned a salary or wage and took home an average of $42,619 each.

Government allowance and payments were collected by 2,750 people for on average $5,699. 1,775 people received the pension or other allowance.

Charitable gifts and donations of an average of $353 were made by 7,635 people.

The costs of tax affairs for 11,310 people were claimed for $304 each.