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 | #Ppl | 2640 Avg | 2640 Total |
|---|---|---|---|---|
| Total Individuals | 100% | 19,725 | ||
| Income | ||||
| Salary or Wage | 79% | 15,655 | $48,992 | $766,977,047 |
| Gross Interest | 61% | 11,960 | $1,816 | $21,724,498 |
| Unfranked Dividends | 11% | 2,230 | $789 | $1,760,140 |
| Franked Dividends | 29% | 5,805 | $5,210 | $30,241,256 |
| Dividend Franking Credit | 29% | 5,800 | $2,234 | $12,955,860 |
| Capital Gains | 5% | 935 | $8,618 | $8,057,465 |
| Termination Payouts | 2% | 305 | $13,943 | $4,252,629 |
| Tips/Directors Fees etc | 21% | 4,065 | $3,490 | $14,186,004 |
| Business Income | 8% | 1,635 | $28,622 | $46,797,240 |
| Foreign Income | 6% | 1,235 | $602 | $743,672 |
| Government payments | 8% | 1,565 | $5,672 | $8,877,369 |
| Government pensions | 6% | 1,205 | $9,397 | $11,322,981 |
| Total Income or Loss | 100% | 19,670 | $52,894 | $1,040,423,065 |
| Deducations | ||||
| Charitable Gifts | 36% | 7,070 | $325 | $2,298,335 |
| Cost of Tax Affairs | 46% | 9,130 | $356 | $3,246,120 |
| Work Car expenses | 25% | 4,860 | $2,220 | $10,787,193 |
| Work Travel expenses | 8% | 1,595 | $2,312 | $3,686,928 |
| Self Education expenses | 5% | 935 | $1,423 | $1,330,563 |
| Total Deductions | 83% | 16,355 | $2,776 | $45,409,556 |
| Taxation | ||||
| Taxable Income | 100% | 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.