TaxStats for postcode 2534 FY2013

Postcode 2534 includes Broughton Village, Foxground, Foxground, Gerringong, Gerringong, Gerroa, Gerroa, Rose Valley, Rose Valley, Toolijooa, Toolijooa, Werri Beach, Werri Beach, Willow Vale, Willow Vale in New South Wales, and is in the federal electorate of Gilmore.

In FY 2013 the ATO recorded 3,025 individuals in postcode 2534. Of these people, 3,005 made a taxable income or loss. 2,360 of the population paid a gross amount of tax. After tax offsets, 2,120 people actually paid a net amount of tax. There were 885 non-taxable people who paid net tax of $0.

Compare TaxStats of 2534 with NSW

2534 TaxStats FY2013%Ppl#Ppl2534
Total Individuals100%3,025
Salary or Wage 71%2,155$53,843$116,031,572
Gross Interest62%1,865$2,767$5,161,223
Unfranked Dividends11%335$686$229,914
Franked Dividends34%1,030$5,435$5,597,806
Dividend Franking Credit34%1,025$2,341$2,399,068
Capital Gains6%175$12,123$2,121,558
Termination Payouts1%35$26,071$912,478
Tips/Directors Fees etc19%580$2,891$1,676,679
Business Income11%345$20,622$7,114,522
Foreign Income6%185$4,311$797,610
Government payments5%155$4,746$735,630
Government pensions6%180$9,611$1,730,030
Total Income or Loss100%3,020$53,756$162,344,425
Charitable Gifts42%1,265$504$637,444
Cost of Tax Affairs52%1,570$352$552,722
Work Car expenses30%915$2,204$2,016,299
Work Travel expenses8%250$2,012$502,919
Self Education expenses4%125$2,272$283,995
Total Deductions80%2,420$3,286$7,952,887
Taxable Income99%3,005$51,280$154,097,889
Medicare Levy 67%2,025$1,005$2,035,457
Medicare Surcharge 1%30$1,268$38,045
Gross Tax 78%2,360$13,331$31,461,529
Net Tax 70%2,120$14,937$31,665,820
Average Tax 100%3,025 $10,468$31,665,820
Gross Tax Rate 78%2,360 26%$31,461,529
Net Tax Rate 70%2,120 29%$31,665,820
Average Tax Rate 100%3,025 20%$31,665,820
%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 $51,280. It is estimated that the average taxable income for people who paid a net amount of tax was $67678.

The average net tax paid was $14,937. This equates to an average tax of 29 cents in the dollar on taxable income.

The Medicare levy was paid by 2,025 people for an average of $1,005. 30 people paid $1,268 on average more for the Medicare surcharge.

2,155 people earned a salary or wage and took home an average of $53,843 each.

Government allowance and payments were collected by 155 people for on average $4,746. 180 people received the pension or other allowance.

Charitable gifts and donations of an average of $504 were made by 1,265 people.

The costs of tax affairs for 1,570 people were claimed for $352 each.