TaxStats for postcode 2571 FY2013

Postcode 2571 includes Balmoral, Balmoral Village, Buxton, Couridjah, Maldon, Mowbray Park, Picton, Razorback, Razorback, Wilton in New South Wales, and is in the federal electorate of Hume.

In FY 2013 the ATO recorded 6,020 individuals in postcode 2571. Of these people, 5,985 made a taxable income or loss. 5,060 of the population paid a gross amount of tax. After tax offsets, 4,700 people actually paid a net amount of tax. There were 1,285 non-taxable people who paid net tax of $0.

Compare TaxStats of 2571 with NSW

2571 TaxStats FY2013%Ppl#Ppl2571
Total Individuals100%6,020
Salary or Wage 83%4,995$58,237$290,895,892
Gross Interest54%3,245$1,683$5,459,967
Unfranked Dividends7%400$293$117,020
Franked Dividends26%1,540$5,214$8,029,785
Dividend Franking Credit25%1,535$2,239$3,437,592
Capital Gains3%205$14,882$3,050,738
Termination Payouts2%110$14,059$1,546,531
Tips/Directors Fees etc24%1,430$3,246$4,642,038
Business Income8%505$17,027$8,598,717
Foreign Income3%190$789$149,893
Government payments5%280$4,689$1,313,013
Government pensions4%250$9,101$2,275,331
Total Income or Loss100%6,000$58,694$352,166,993
Charitable Gifts43%2,570$234$602,565
Cost of Tax Affairs56%3,370$261$881,210
Work Car expenses32%1,920$2,848$5,467,274
Work Travel expenses11%660$2,018$1,331,753
Self Education expenses6%360$1,970$709,029
Total Deductions84%5,080$3,242$16,468,250
Taxable Income99%5,985$55,978$335,029,773
Medicare Levy 76%4,585$1,019$4,673,670
Medicare Surcharge 1%75$1,192$89,394
Gross Tax 84%5,060$13,659$69,113,143
Net Tax 78%4,700$15,152$71,212,620
Average Tax 100%6,020 $11,829$71,212,620
Gross Tax Rate 84%5,060 24%$69,113,143
Net Tax Rate 78%4,700 27%$71,212,620
Average Tax Rate 100%6,020 21%$71,212,620
%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 $55,978. It is estimated that the average taxable income for people who paid a net amount of tax was $68002.

The average net tax paid was $15,152. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 4,585 people for an average of $1,019. 75 people paid $1,192 on average more for the Medicare surcharge.

4,995 people earned a salary or wage and took home an average of $58,237 each.

Government allowance and payments were collected by 280 people for on average $4,689. 250 people received the pension or other allowance.

Charitable gifts and donations of an average of $234 were made by 2,570 people.

The costs of tax affairs for 3,370 people were claimed for $261 each.