TaxStats for postcode 2576 FY2013

Postcode 2576 includes Bong Bong, Bowral, Burradoo, East Bowral, East Kangaloon, Glenquarry, Kangaloon in New South Wales, and is in the federal electorate of Throsby.

In FY 2013 the ATO recorded 8,005 individuals in postcode 2576. Of these people, 7,925 made a taxable income or loss. 5,960 of the population paid a gross amount of tax. After tax offsets, 5,220 people actually paid a net amount of tax. There were 2,705 non-taxable people who paid net tax of $0.

Compare TaxStats of 2576 with NSW

2576 TaxStats FY2013%Ppl#Ppl2576
Total Individuals100%8,005
Salary or Wage 60%4,800$57,199$274,554,525
Gross Interest67%5,355$4,929$26,395,205
Unfranked Dividends14%1,155$4,799$5,542,581
Franked Dividends42%3,365$14,651$49,301,700
Dividend Franking Credit42%3,360$6,283$21,110,393
Capital Gains8%610$19,670$11,998,696
Termination Payouts1%65$34,532$2,244,587
Tips/Directors Fees etc17%1,335$5,472$7,305,305
Business Income11%880$26,411$23,242,009
Foreign Income9%755$5,729$4,325,301
Government payments4%355$5,272$1,871,661
Government pensions10%770$8,900$6,852,792
Total Income or Loss100%7,970$62,999$502,099,955
Charitable Gifts35%2,815$925$2,604,568
Cost of Tax Affairs49%3,920$753$2,951,468
Work Car expenses16%1,315$2,737$3,599,114
Work Travel expenses7%585$2,862$1,674,510
Self Education expenses3%235$1,771$416,198
Total Deductions77%6,140$3,824$23,477,284
Taxable Income99%7,925$60,183$476,949,789
Medicare Levy 62%4,935$1,243$6,136,346
Medicare Surcharge 1%75$1,407$105,523
Gross Tax 74%5,960$19,384$115,528,508
Net Tax 65%5,220$22,296$116,386,051
Average Tax 100%8,005 $14,539$116,386,051
Gross Tax Rate 74%5,960 32%$115,528,508
Net Tax Rate 65%5,220 37%$116,386,051
Average Tax Rate 100%8,005 24%$116,386,051
%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 $60,183. It is estimated that the average taxable income for people who paid a net amount of tax was $85151.

The average net tax paid was $22,296. This equates to an average tax of 37 cents in the dollar on taxable income.

The Medicare levy was paid by 4,935 people for an average of $1,243. 75 people paid $1,407 on average more for the Medicare surcharge.

4,800 people earned a salary or wage and took home an average of $57,199 each.

Government allowance and payments were collected by 355 people for on average $5,272. 770 people received the pension or other allowance.

Charitable gifts and donations of an average of $925 were made by 2,815 people.

The costs of tax affairs for 3,920 people were claimed for $753 each.