TaxStats for postcode 2486 FY2013

Postcode 2486 includes Banora Point, Banora Point, Bilambil, Bilambil, Bilambil Heights, Bilambil Heights, Bungalora, Bungalora, Carool, Carool, Cobaki, Cobaki, Cobaki Lakes, Cobaki Lakes, Duroby, Duroby, Glengarrie, Glengarrie, Piggabeen, Piggabeen, Terranora, Terranora, Tweed Heads South, Tweed Heads South, Upper Duroby, Upper Duroby in New South Wales, and is in the federal electorate of Richmond.

In FY 2013 the ATO recorded 15,565 individuals in postcode 2486. Of these people, 15,480 made a taxable income or loss. 12,055 of the population paid a gross amount of tax. After tax offsets, 10,530 people actually paid a net amount of tax. There were 4,950 non-taxable people who paid net tax of $0.

Compare TaxStats of 2486 with NSW

2486 TaxStats FY2013%Ppl#Ppl2486
Total Individuals100%15,565
Salary or Wage 72%11,165$45,753$510,829,078
Gross Interest55%8,550$2,257$19,297,679
Unfranked Dividends9%1,350$430$580,909
Franked Dividends26%4,060$4,859$19,728,973
Dividend Franking Credit26%4,045$2,089$8,450,520
Capital Gains4%605$8,628$5,219,871
Termination Payouts2%310$8,465$2,624,103
Tips/Directors Fees etc22%3,435$3,339$11,470,581
Business Income10%1,585$18,960$30,051,567
Foreign Income5%850$885$752,409
Government payments10%1,510$4,988$7,531,389
Government pensions10%1,505$9,494$14,288,095
Total Income or Loss100%15,530$44,752$695,005,266
Charitable Gifts31%4,760$317$1,506,972
Cost of Tax Affairs52%8,045$292$2,349,355
Work Car expenses28%4,380$2,484$10,878,292
Work Travel expenses8%1,235$2,145$2,648,512
Self Education expenses4%630$1,583$997,279
Total Deductions80%12,490$2,734$34,141,910
Taxable Income99%15,480$42,568$658,948,848
Medicare Levy 64%9,980$838$8,367,310
Medicare Surcharge 1%175$1,286$224,999
Gross Tax 77%12,055$9,456$113,996,192
Net Tax 68%10,530$10,800$113,719,139
Average Tax 100%15,565 $7,306$113,719,139
Gross Tax Rate 77%12,055 22%$113,996,192
Net Tax Rate 68%10,530 25%$113,719,139
Average Tax Rate 100%15,565 17%$113,719,139
%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 $42,568. It is estimated that the average taxable income for people who paid a net amount of tax was $56937.

The average net tax paid was $10,800. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 9,980 people for an average of $838. 175 people paid $1,286 on average more for the Medicare surcharge.

11,165 people earned a salary or wage and took home an average of $45,753 each.

Government allowance and payments were collected by 1,510 people for on average $4,988. 1,505 people received the pension or other allowance.

Charitable gifts and donations of an average of $317 were made by 4,760 people.

The costs of tax affairs for 8,045 people were claimed for $292 each.