TaxStats for postcode 2575 FY2013

Postcode 2575 includes Alpine, Aylmerton, Balaclava, Barrallier, Braemar, Braemar, Bullio, Colo Vale, High Range, Hill Top, Joadja, Mandemar, Mittagong, Mount Lindsey, Renwick, Wattle Ridge, Welby, Willow Vale, Woodlands, Yerrinbool in New South Wales, and is in the federal electorate of Hume.

In FY 2013 the ATO recorded 8,090 individuals in postcode 2575. Of these people, 8,025 made a taxable income or loss. 6,360 of the population paid a gross amount of tax. After tax offsets, 5,745 people actually paid a net amount of tax. There were 2,280 non-taxable people who paid net tax of $0.

Compare TaxStats of 2575 with NSW

2575 TaxStats FY2013%Ppl#Ppl2575
Total Individuals100%8,090
Salary or Wage 75%6,100$50,618$308,770,593
Gross Interest56%4,530$2,211$10,018,025
Unfranked Dividends9%690$829$572,187
Franked Dividends28%2,280$8,378$19,101,970
Dividend Franking Credit28%2,275$3,599$8,186,800
Capital Gains3%280$17,800$4,983,914
Termination Payouts1%110$30,605$3,366,515
Tips/Directors Fees etc22%1,785$4,062$7,250,550
Business Income11%870$21,584$18,778,267
Foreign Income4%325$1,883$611,917
Government payments6%500$5,081$2,540,373
Government pensions7%535$9,492$5,078,083
Total Income or Loss100%8,060$54,008$435,307,264
Charitable Gifts33%2,700$553$1,494,316
Cost of Tax Affairs52%4,245$354$1,503,424
Work Car expenses26%2,065$2,344$4,841,082
Work Travel expenses9%750$2,375$1,780,971
Self Education expenses5%390$1,792$698,796
Total Deductions82%6,605$2,889$19,085,095
Taxable Income99%8,025$51,514$413,400,402
Medicare Levy 68%5,505$1,012$5,572,641
Medicare Surcharge 1%75$1,324$99,290
Gross Tax 79%6,360$13,516$85,962,518
Net Tax 71%5,745$15,244$87,576,152
Average Tax 100%8,090 $10,825$87,576,152
Gross Tax Rate 79%6,360 26%$85,962,518
Net Tax Rate 71%5,745 30%$87,576,152
Average Tax Rate 100%8,090 21%$87,576,152
%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 $51,514. It is estimated that the average taxable income for people who paid a net amount of tax was $67196.

The average net tax paid was $15,244. This equates to an average tax of 30 cents in the dollar on taxable income.

The Medicare levy was paid by 5,505 people for an average of $1,012. 75 people paid $1,324 on average more for the Medicare surcharge.

6,100 people earned a salary or wage and took home an average of $50,618 each.

Government allowance and payments were collected by 500 people for on average $5,081. 535 people received the pension or other allowance.

Charitable gifts and donations of an average of $553 were made by 2,700 people.

The costs of tax affairs for 4,245 people were claimed for $354 each.