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 | #Ppl | 2550 Avg | 2550 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 8,655 | ||
| Income | ||||
| Salary or Wage | 72% | 6,245 | $41,948 | $261,967,786 |
| Gross Interest | 62% | 5,400 | $2,166 | $11,693,983 |
| Unfranked Dividends | 8% | 710 | $420 | $297,949 |
| Franked Dividends | 33% | 2,850 | $3,731 | $10,632,310 |
| Dividend Franking Credit | 33% | 2,840 | $1,603 | $4,553,805 |
| Capital Gains | 5% | 430 | $24,850 | $10,685,418 |
| Termination Payouts | 1% | 95 | $7,774 | $738,576 |
| Tips/Directors Fees etc | 21% | 1,805 | $2,034 | $3,671,706 |
| Business Income | 12% | 1,040 | $13,390 | $13,926,113 |
| Foreign Income | 3% | 300 | $4,169 | $1,250,692 |
| Government payments | 10% | 855 | $5,526 | $4,724,440 |
| Government pensions | 8% | 690 | $8,971 | $6,190,028 |
| Total Income or Loss | 100% | 8,635 | $42,779 | $369,393,552 |
| Deducations | ||||
| Charitable Gifts | 24% | 2,115 | $435 | $919,940 |
| Cost of Tax Affairs | 43% | 3,735 | $302 | $1,126,174 |
| Work Car expenses | 15% | 1,315 | $2,047 | $2,691,326 |
| Work Travel expenses | 6% | 505 | $2,024 | $1,022,010 |
| Self Education expenses | 3% | 300 | $1,500 | $450,052 |
| Total Deductions | 76% | 6,620 | $2,124 | $14,059,138 |
| Taxation | ||||
| Taxable Income | 99% | 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.