TaxStats for postcode 2566 FY2013

Postcode 2566 includes Bow Bowing, Bow Bowing, Minto, Minto, Minto Heights, Minto Heights, Raby, Raby, St Andrews, St Andrews, Varroville, Varroville in New South Wales, and is in the federal electorate of Werriwa.

In FY 2013 the ATO recorded 13,300 individuals in postcode 2566. Of these people, 13,240 made a taxable income or loss. 11,205 of the population paid a gross amount of tax. After tax offsets, 10,415 people actually paid a net amount of tax. There were 2,825 non-taxable people who paid net tax of $0.

Compare TaxStats of 2566 with NSW

2566 TaxStats FY2013%Ppl#Ppl2566
Total Individuals100%13,300
Salary or Wage 89%11,835$49,450$585,237,322
Gross Interest45%5,950$1,091$6,492,629
Unfranked Dividends4%550$278$153,060
Franked Dividends18%2,380$1,505$3,582,751
Dividend Franking Credit18%2,375$646$1,534,615
Capital Gains2%260$8,041$2,090,745
Termination Payouts2%245$10,470$2,565,153
Tips/Directors Fees etc22%2,895$2,520$7,295,476
Business Income7%875$18,644$16,313,427
Foreign Income2%235$1,093$256,761
Government payments8%1,050$5,307$5,572,737
Government pensions4%535$9,939$5,317,256
Total Income or Loss100%13,255$49,537$656,608,152
Charitable Gifts42%5,560$305$1,695,323
Cost of Tax Affairs58%7,715$192$1,483,906
Work Car expenses27%3,570$2,649$9,457,050
Work Travel expenses10%1,365$1,655$2,259,557
Self Education expenses6%740$1,584$1,172,312
Total Deductions86%11,425$2,585$29,532,407
Taxable Income100%13,240$47,327$626,606,696
Medicare Levy 75%9,960$848$8,448,140
Medicare Surcharge 1%130$1,167$151,756
Gross Tax 84%11,205$9,773$109,510,349
Net Tax 78%10,415$10,759$112,055,024
Average Tax 100%13,300 $8,425$112,055,024
Gross Tax Rate 84%11,205 21%$109,510,349
Net Tax Rate 78%10,415 23%$112,055,024
Average Tax Rate 100%13,300 18%$112,055,024
%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 $47,327. It is estimated that the average taxable income for people who paid a net amount of tax was $56909.

The average net tax paid was $10,759. This equates to an average tax of 23 cents in the dollar on taxable income.

The Medicare levy was paid by 9,960 people for an average of $848. 130 people paid $1,167 on average more for the Medicare surcharge.

11,835 people earned a salary or wage and took home an average of $49,450 each.

Government allowance and payments were collected by 1,050 people for on average $5,307. 535 people received the pension or other allowance.

Charitable gifts and donations of an average of $305 were made by 5,560 people.

The costs of tax affairs for 7,715 people were claimed for $192 each.