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 | #Ppl | 2575 Avg | 2575 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 8,090 | ||
| Income | ||||
| Salary or Wage | 75% | 6,100 | $50,618 | $308,770,593 |
| Gross Interest | 56% | 4,530 | $2,211 | $10,018,025 |
| Unfranked Dividends | 9% | 690 | $829 | $572,187 |
| Franked Dividends | 28% | 2,280 | $8,378 | $19,101,970 |
| Dividend Franking Credit | 28% | 2,275 | $3,599 | $8,186,800 |
| Capital Gains | 3% | 280 | $17,800 | $4,983,914 |
| Termination Payouts | 1% | 110 | $30,605 | $3,366,515 |
| Tips/Directors Fees etc | 22% | 1,785 | $4,062 | $7,250,550 |
| Business Income | 11% | 870 | $21,584 | $18,778,267 |
| Foreign Income | 4% | 325 | $1,883 | $611,917 |
| Government payments | 6% | 500 | $5,081 | $2,540,373 |
| Government pensions | 7% | 535 | $9,492 | $5,078,083 |
| Total Income or Loss | 100% | 8,060 | $54,008 | $435,307,264 |
| Deducations | ||||
| Charitable Gifts | 33% | 2,700 | $553 | $1,494,316 |
| Cost of Tax Affairs | 52% | 4,245 | $354 | $1,503,424 |
| Work Car expenses | 26% | 2,065 | $2,344 | $4,841,082 |
| Work Travel expenses | 9% | 750 | $2,375 | $1,780,971 |
| Self Education expenses | 5% | 390 | $1,792 | $698,796 |
| Total Deductions | 82% | 6,605 | $2,889 | $19,085,095 |
| Taxation | ||||
| Taxable Income | 99% | 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.