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 | #Ppl | 2623 Avg | 2623 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 340 | ||
| Income | ||||
| Salary or Wage | 88% | 300 | $54,994 | $16,498,206 |
| Gross Interest | 49% | 165 | $775 | $127,846 |
| Unfranked Dividends | 4% | 15 | $795 | $11,922 |
| Franked Dividends | 18% | 60 | $2,341 | $140,484 |
| Dividend Franking Credit | 18% | 60 | $1,003 | $60,191 |
| Capital Gains | 1% | 5 | $25,996 | $129,979 |
| Termination Payouts | 3% | 10 | $3,434 | $34,343 |
| Tips/Directors Fees etc | 24% | 80 | $2,553 | $204,201 |
| Business Income | 7% | 25 | $-17,340 | $-433,506 |
| Foreign Income | 1% | 5 | $50 | $248 |
| Government payments | 6% | 20 | $4,111 | $82,214 |
| Government pensions | 4% | 15 | $9,590 | $143,853 |
| Total Income or Loss | 100% | 340 | $53,597 | $18,222,922 |
| Deducations | ||||
| Charitable Gifts | 41% | 140 | $219 | $30,714 |
| Cost of Tax Affairs | 53% | 180 | $288 | $51,824 |
| Work Car expenses | 35% | 120 | $2,151 | $258,096 |
| Work Travel expenses | 9% | 30 | $2,698 | $80,948 |
| Self Education expenses | 6% | 20 | $1,654 | $33,085 |
| Total Deductions | 87% | 295 | $2,480 | $731,730 |
| Taxation | ||||
| Taxable Income | 100% | 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.