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	#Ppl	2480 Avg	2480 Total
Total Individuals	100%	23,260
Income
Salary or Wage	75%	17,490	$42,619	$745,413,843
Gross Interest	60%	13,865	$1,949	$27,024,636
Unfranked Dividends	8%	1,935	$537	$1,039,888
Franked Dividends	27%	6,170	$3,393	$20,934,502
Dividend Franking Credit	26%	6,160	$1,456	$8,969,719
Capital Gains	3%	775	$10,257	$7,949,188
Termination Payouts	1%	270	$9,717	$2,623,494
Tips/Directors Fees etc	22%	5,035	$2,013	$10,135,076
Business Income	13%	2,975	$14,421	$42,903,212
Foreign Income	4%	1,020	$1,147	$1,169,612
Government payments	12%	2,750	$5,699	$15,673,046
Government pensions	8%	1,775	$9,046	$16,057,509
Total Income or Loss	100%	23,200	$42,871	$994,603,476
Deducations
Charitable Gifts	33%	7,635	$353	$2,692,753
Cost of Tax Affairs	49%	11,310	$304	$3,442,576
Work Car expenses	24%	5,605	$1,957	$10,968,370
Work Travel expenses	6%	1,500	$1,654	$2,480,259
Self Education expenses	5%	1,090	$1,397	$1,522,244
Total Deductions	80%	18,500	$2,410	$44,593,574
Taxation
Taxable Income	99%	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.