TaxStats for postcode 2581 FY2013

Postcode 2581 includes Bellmount Forest, Bevendale, Biala, Blakney Creek, Breadalbane, Broadway, Collector, Cullerin, Dalton, Gunning, Gurrundah, Lade Vale, Lake George, Lerida, Lerida, Merrill, Oolong, Tallaganda, Wollogorang in New South Wales, and is in the federal electorate of Hume.

In FY 2013 the ATO recorded 1,190 individuals in postcode 2581. Of these people, 1,170 made a taxable income or loss. 940 of the population paid a gross amount of tax. After tax offsets, 850 people actually paid a net amount of tax. There were 320 non-taxable people who paid net tax of $0.

Compare TaxStats of 2581 with NSW

2581 TaxStats FY2013%Ppl#Ppl2581
Avg
2581
Total
Total Individuals100%1,190
Income
Salary or Wage 74%875$50,514$44,200,032
Gross Interest62%740$2,316$1,713,681
Unfranked Dividends12%145$615$89,106
Franked Dividends33%395$3,370$1,331,187
Dividend Franking Credit33%395$1,443$569,979
Capital Gains4%50$5,127$256,371
Termination Payouts1%15$10,198$152,974
Tips/Directors Fees etc19%230$3,430$788,789
Business Income12%145$4,912$712,243
Foreign Income5%60$115$6,904
Government payments4%50$4,625$231,267
Government pensions6%75$10,118$758,842
Total Income or Loss100%1,185$49,457$58,607,076
Deducations
Charitable Gifts32%375$320$120,004
Cost of Tax Affairs42%505$381$192,534
Work Car expenses20%235$2,709$636,506
Work Travel expenses7%85$1,713$145,602
Self Education expenses3%35$1,790$62,647
Total Deductions78%925$2,615$2,418,964
Taxation
Taxable Income98%1,170$47,642$55,740,575
Medicare Levy 68%810$909$736,434
Medicare Surcharge 2%20$876$17,523
Gross Tax 79%940$11,197$10,525,439
Net Tax 71%850$12,165$10,340,089
Average Tax 100%1,190 $8,689$10,340,089
Gross Tax Rate 79%940 24%$10,525,439
Net Tax Rate 71%850 26%$10,340,089
Average Tax Rate 100%1,190 18%$10,340,089
%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 $47,642. It is estimated that the average taxable income for people who paid a net amount of tax was $61060.

The average net tax paid was $12,165. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 810 people for an average of $909. 20 people paid $876 on average more for the Medicare surcharge.

875 people earned a salary or wage and took home an average of $50,514 each.

Government allowance and payments were collected by 50 people for on average $4,625. 75 people received the pension or other allowance.

Charitable gifts and donations of an average of $320 were made by 375 people.

The costs of tax affairs for 505 people were claimed for $381 each.