TaxStats for postcode 2485 FY2013

Postcode 2485 includes Tweed Heads, Tweed Heads, Tweed Heads West, Tweed Heads West in New South Wales, and is in the federal electorate of Richmond.

In FY 2013 the ATO recorded 6,780 individuals in postcode 2485. Of these people, 6,680 made a taxable income or loss. 5,130 of the population paid a gross amount of tax. After tax offsets, 4,400 people actually paid a net amount of tax. There were 2,280 non-taxable people who paid net tax of $0.

Compare TaxStats of 2485 with NSW

2485 TaxStats FY2013%Ppl#Ppl2485
Total Individuals100%6,780
Salary or Wage 67%4,575$44,247$202,429,824
Gross Interest52%3,555$3,197$11,366,034
Unfranked Dividends8%560$677$379,100
Franked Dividends24%1,640$6,482$10,630,932
Dividend Franking Credit24%1,635$2,788$4,558,449
Capital Gains4%275$15,692$4,315,263
Termination Payouts2%145$7,660$1,110,648
Tips/Directors Fees etc21%1,445$2,658$3,840,815
Business Income9%625$18,278$11,423,583
Foreign Income5%335$3,274$1,096,665
Government payments11%735$5,442$4,000,205
Government pensions11%715$9,825$7,025,069
Total Income or Loss100%6,750$43,246$291,910,019
Charitable Gifts26%1,770$693$1,226,016
Cost of Tax Affairs50%3,420$318$1,088,685
Work Car expenses26%1,750$2,519$4,408,868
Work Travel expenses7%505$2,123$1,072,311
Self Education expenses4%280$1,769$495,338
Total Deductions77%5,230$2,903$15,184,758
Taxable Income99%6,680$41,310$275,952,773
Medicare Levy 60%4,080$840$3,427,270
Medicare Surcharge 1%80$1,255$100,429
Gross Tax 76%5,130$9,257$47,490,080
Net Tax 65%4,400$10,702$47,089,365
Average Tax 100%6,780 $6,945$47,089,365
Gross Tax Rate 76%5,130 22%$47,490,080
Net Tax Rate 65%4,400 26%$47,089,365
Average Tax Rate 100%6,780 17%$47,089,365
%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 $41,310. It is estimated that the average taxable income for people who paid a net amount of tax was $56498.

The average net tax paid was $10,702. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 4,080 people for an average of $840. 80 people paid $1,255 on average more for the Medicare surcharge.

4,575 people earned a salary or wage and took home an average of $44,247 each.

Government allowance and payments were collected by 735 people for on average $5,442. 715 people received the pension or other allowance.

Charitable gifts and donations of an average of $693 were made by 1,770 people.

The costs of tax affairs for 3,420 people were claimed for $318 each.