TaxStats for postcode 2550 FY2013

Postcode 2550 includes Angledale, Bega, Bemboka, Black Range, Brogo, Buckajo, Bunga, Burragate, Candelo, Chinnock, Cobargo, Coolagolite, Coolangubra, Coopers Gully, Devils Hole, Doctor George Mountain, Frogs Hollow, Greendale, Jellat Jellat, Kalaru, Kameruka, Kanoona, Kingswood, Mogareeka, Mogilla, Morans Crossing, Mumbulla Mountain, Myrtle Mountain, Nelson, New Buildings, Numbugga, Pericoe, Quaama, Reedy Swamp, Rocky Hall, South Wolumla, Stony Creek, Tanja, Tantawangalo, Tarraganda, Tathra, Toothdale, Towamba, Verona, Wallagoot, Wandella, Wapengo, Wolumla, Wyndham, Yambulla, Yankees Creek, Yowrie in New South Wales, and is in the federal electorate of Eden-Monaro.

In FY 2013 the ATO recorded 8,655 individuals in postcode 2550. Of these people, 8,580 made a taxable income or loss. 6,525 of the population paid a gross amount of tax. After tax offsets, 5,810 people actually paid a net amount of tax. There were 2,770 non-taxable people who paid net tax of $0.

Compare TaxStats of 2550 with NSW

2550 TaxStats FY2013%Ppl#Ppl2550
Total Individuals100%8,655
Salary or Wage 72%6,245$41,948$261,967,786
Gross Interest62%5,400$2,166$11,693,983
Unfranked Dividends8%710$420$297,949
Franked Dividends33%2,850$3,731$10,632,310
Dividend Franking Credit33%2,840$1,603$4,553,805
Capital Gains5%430$24,850$10,685,418
Termination Payouts1%95$7,774$738,576
Tips/Directors Fees etc21%1,805$2,034$3,671,706
Business Income12%1,040$13,390$13,926,113
Foreign Income3%300$4,169$1,250,692
Government payments10%855$5,526$4,724,440
Government pensions8%690$8,971$6,190,028
Total Income or Loss100%8,635$42,779$369,393,552
Charitable Gifts24%2,115$435$919,940
Cost of Tax Affairs43%3,735$302$1,126,174
Work Car expenses15%1,315$2,047$2,691,326
Work Travel expenses6%505$2,024$1,022,010
Self Education expenses3%300$1,500$450,052
Total Deductions76%6,620$2,124$14,059,138
Taxable Income99%8,580$41,232$353,773,094
Medicare Levy 64%5,525$828$4,572,756
Medicare Surcharge 1%105$1,148$120,509
Gross Tax 75%6,525$9,247$60,339,770
Net Tax 67%5,810$10,365$60,222,516
Average Tax 100%8,655 $6,958$60,222,516
Gross Tax Rate 75%6,525 22%$60,339,770
Net Tax Rate 67%5,810 25%$60,222,516
Average Tax Rate 100%8,655 17%$60,222,516
%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 $41,232. It is estimated that the average taxable income for people who paid a net amount of tax was $55169.

The average net tax paid was $10,365. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 5,525 people for an average of $828. 105 people paid $1,148 on average more for the Medicare surcharge.

6,245 people earned a salary or wage and took home an average of $41,948 each.

Government allowance and payments were collected by 855 people for on average $5,526. 690 people received the pension or other allowance.

Charitable gifts and donations of an average of $435 were made by 2,115 people.

The costs of tax affairs for 3,735 people were claimed for $302 each.