TaxStats for postcode 2640 FY2013

Postcode 2640 includes Albury, Bungowannah, East Albury, Ettamogah, Glenroy, Moorwatha, North Albury, Ournie, South Albury, Splitters Creek, Table Top, Talmalmo, Thurgoona, West Albury, Wirlinga, Wymah in New South Wales, and is in the federal electorate of Farrer.

In FY 2013 the ATO recorded 19,725 individuals in postcode 2640. Of these people, 19,640 made a taxable income or loss. 16,035 of the population paid a gross amount of tax. After tax offsets, 14,675 people actually paid a net amount of tax. There were 4,965 non-taxable people who paid net tax of $0.

Compare TaxStats of 2640 with NSW

2640 TaxStats FY2013%Ppl#Ppl2640
Total Individuals100%19,725
Salary or Wage 79%15,655$48,992$766,977,047
Gross Interest61%11,960$1,816$21,724,498
Unfranked Dividends11%2,230$789$1,760,140
Franked Dividends29%5,805$5,210$30,241,256
Dividend Franking Credit29%5,800$2,234$12,955,860
Capital Gains5%935$8,618$8,057,465
Termination Payouts2%305$13,943$4,252,629
Tips/Directors Fees etc21%4,065$3,490$14,186,004
Business Income8%1,635$28,622$46,797,240
Foreign Income6%1,235$602$743,672
Government payments8%1,565$5,672$8,877,369
Government pensions6%1,205$9,397$11,322,981
Total Income or Loss100%19,670$52,894$1,040,423,065
Charitable Gifts36%7,070$325$2,298,335
Cost of Tax Affairs46%9,130$356$3,246,120
Work Car expenses25%4,860$2,220$10,787,193
Work Travel expenses8%1,595$2,312$3,686,928
Self Education expenses5%935$1,423$1,330,563
Total Deductions83%16,355$2,776$45,409,556
Taxable Income100%19,640$50,543$992,673,933
Medicare Levy 71%13,945$954$13,309,609
Medicare Surcharge 1%180$1,169$210,401
Gross Tax 81%16,035$12,204$195,691,550
Net Tax 74%14,675$13,622$199,906,437
Average Tax 100%19,725 $10,135$199,906,437
Gross Tax Rate 81%16,035 24%$195,691,550
Net Tax Rate 74%14,675 27%$199,906,437
Average Tax Rate 100%19,725 20%$199,906,437
%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 $50,543. It is estimated that the average taxable income for people who paid a net amount of tax was $63584.

The average net tax paid was $13,622. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 13,945 people for an average of $954. 180 people paid $1,169 on average more for the Medicare surcharge.

15,655 people earned a salary or wage and took home an average of $48,992 each.

Government allowance and payments were collected by 1,565 people for on average $5,672. 1,205 people received the pension or other allowance.

Charitable gifts and donations of an average of $325 were made by 7,070 people.

The costs of tax affairs for 9,130 people were claimed for $356 each.