TaxStats for postcode 2623 FY2013

Postcode 2623 includes Captains Flat in New South Wales, and is in the federal electorate of Eden-Monaro.

In FY 2013 the ATO recorded 340 individuals in postcode 2623. Of these people, 340 made a taxable income or loss. 290 of the population paid a gross amount of tax. After tax offsets, 270 people actually paid a net amount of tax. There were 70 non-taxable people who paid net tax of $0.

Compare TaxStats of 2623 with NSW

2623 TaxStats FY2013%Ppl#Ppl2623
Avg
2623
Total
Total Individuals100%340
Income
Salary or Wage 88%300$54,994$16,498,206
Gross Interest49%165$775$127,846
Unfranked Dividends4%15$795$11,922
Franked Dividends18%60$2,341$140,484
Dividend Franking Credit18%60$1,003$60,191
Capital Gains1%5$25,996$129,979
Termination Payouts3%10$3,434$34,343
Tips/Directors Fees etc24%80$2,553$204,201
Business Income7%25$-17,340$-433,506
Foreign Income1%5$50$248
Government payments6%20$4,111$82,214
Government pensions4%15$9,590$143,853
Total Income or Loss100%340$53,597$18,222,922
Deducations
Charitable Gifts41%140$219$30,714
Cost of Tax Affairs53%180$288$51,824
Work Car expenses35%120$2,151$258,096
Work Travel expenses9%30$2,698$80,948
Self Education expenses6%20$1,654$33,085
Total Deductions87%295$2,480$731,730
Taxation
Taxable Income100%340$51,384$17,470,699
Medicare Levy 76%260$914$237,692
Medicare Surcharge 3%10$1,094$10,939
Gross Tax 85%290$11,321$3,282,981
Net Tax 79%270$12,594$3,400,485
Average Tax 100%340 $10,001$3,400,485
Gross Tax Rate 85%290 22%$3,282,981
Net Tax Rate 79%270 25%$3,400,485
Average Tax Rate 100%340 19%$3,400,485
%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 $51,384. It is estimated that the average taxable income for people who paid a net amount of tax was $61595.

The average net tax paid was $12,594. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 260 people for an average of $914. 10 people paid $1,094 on average more for the Medicare surcharge.

300 people earned a salary or wage and took home an average of $54,994 each.

Government allowance and payments were collected by 20 people for on average $4,111. 15 people received the pension or other allowance.

Charitable gifts and donations of an average of $219 were made by 140 people.

The costs of tax affairs for 180 people were claimed for $288 each.