TaxStats for postcode 2590 FY2013

Postcode 2590 includes Bethungra, Cootamundra, Illabo in New South Wales, and is in the federal electorate of Riverina.

In FY 2013 the ATO recorded 3,750 individuals in postcode 2590. Of these people, 3,710 made a taxable income or loss. 2,895 of the population paid a gross amount of tax. After tax offsets, 2,620 people actually paid a net amount of tax. There were 1,090 non-taxable people who paid net tax of $0.

Compare TaxStats of 2590 with NSW

2590 TaxStats FY2013%Ppl#Ppl2590
Total Individuals100%3,750
Salary or Wage 75%2,815$44,839$126,220,643
Gross Interest63%2,350$1,914$4,497,879
Unfranked Dividends12%440$668$293,783
Franked Dividends32%1,215$4,311$5,237,537
Dividend Franking Credit32%1,210$1,856$2,245,165
Capital Gains5%195$10,750$2,096,285
Termination Payouts1%20$6,305$126,105
Tips/Directors Fees etc23%845$2,344$1,980,827
Business Income9%325$12,912$4,196,257
Foreign Income5%195$441$86,084
Government payments8%295$5,685$1,677,160
Government pensions8%310$9,411$2,917,293
Total Income or Loss100%3,740$46,603$174,296,407
Charitable Gifts43%1,600$228$364,695
Cost of Tax Affairs50%1,875$300$563,220
Work Car expenses21%795$2,125$1,689,500
Work Travel expenses8%300$3,523$1,057,012
Self Education expenses3%125$1,784$222,979
Total Deductions83%3,095$2,858$8,844,293
Taxable Income99%3,710$44,376$164,636,098
Medicare Levy 66%2,475$877$2,170,233
Medicare Surcharge 1%30$1,114$33,415
Gross Tax 77%2,895$10,343$29,942,236
Net Tax 70%2,620$11,351$29,738,837
Average Tax 100%3,750 $7,930$29,738,837
Gross Tax Rate 77%2,895 23%$29,942,236
Net Tax Rate 70%2,620 26%$29,738,837
Average Tax Rate 100%3,750 18%$29,738,837
%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 $44,376. It is estimated that the average taxable income for people who paid a net amount of tax was $57846.

The average net tax paid was $11,351. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 2,475 people for an average of $877. 30 people paid $1,114 on average more for the Medicare surcharge.

2,815 people earned a salary or wage and took home an average of $44,839 each.

Government allowance and payments were collected by 295 people for on average $5,685. 310 people received the pension or other allowance.

Charitable gifts and donations of an average of $228 were made by 1,600 people.

The costs of tax affairs for 1,875 people were claimed for $300 each.