TaxStats for postcode 2588 FY2013

Postcode 2588 includes Cullinga, Cullinga, Wallendbeen, Wallendbeen in New South Wales, and is in the federal electorate of Hume.

In FY 2013 the ATO recorded 240 individuals in postcode 2588. Of these people, 230 made a taxable income or loss. 190 of the population paid a gross amount of tax. After tax offsets, 175 people actually paid a net amount of tax. There were 55 non-taxable people who paid net tax of $0.

Compare TaxStats of 2588 with NSW

2588 TaxStats FY2013%Ppl#Ppl2588
Avg
2588
Total
Total Individuals100%240
Income
Salary or Wage 67%160$43,017$6,882,675
Gross Interest58%140$1,735$242,886
Unfranked Dividends19%45$355$15,979
Franked Dividends35%85$9,138$776,749
Dividend Franking Credit35%85$3,916$332,887
Capital Gains6%15$8,822$132,323
Termination Payouts2%5$1,198$5,988
Tips/Directors Fees etc19%45$2,179$98,042
Business Income8%20$9,481$189,613
Foreign Income8%20$1,108$22,160
Government payments6%15$8,012$120,187
Government pensions2%5$19,746$98,728
Total Income or Loss100%240$56,397$13,535,222
Deducations
Charitable Gifts29%70$279$19,539
Cost of Tax Affairs50%120$414$49,729
Work Car expenses23%55$3,327$182,963
Work Travel expenses4%10$2,046$20,459
Self Education expenses2%5$1,366$6,831
Total Deductions77%185$6,019$1,113,516
Taxation
Taxable Income96%230$52,566$12,090,269
Medicare Levy 69%165$1,040$171,661
Medicare Surcharge 2%5$47$236
Gross Tax 79%190$13,544$2,573,336
Net Tax 73%175$14,380$2,516,546
Average Tax 100%240 $10,486$2,516,546
Gross Tax Rate 79%190 26%$2,573,336
Net Tax Rate 73%175 27%$2,516,546
Average Tax Rate 100%240 20%$2,516,546
%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 $52,566. It is estimated that the average taxable income for people who paid a net amount of tax was $65316.

The average net tax paid was $14,380. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 165 people for an average of $1,040. 5 people paid $47 on average more for the Medicare surcharge.

160 people earned a salary or wage and took home an average of $43,017 each.

Government allowance and payments were collected by 15 people for on average $8,012. 5 people received the pension or other allowance.

Charitable gifts and donations of an average of $279 were made by 70 people.

The costs of tax affairs for 120 people were claimed for $414 each.