TaxStats for postcode 2642 FY2013

Postcode 2642 includes Bidgeemia, Brocklesby, Burrumbuttock, Geehi, Geehi, Gerogery, Glenellen, Greg Greg, Indi, Jagumba, Jagungal Wilderness, Jagungal Wilderness, Jindera, Jingellic, Khancoban, Murray Gorge, Murray Gorge, Rand, Tooma, Walbundrie, Welaregang, Wrathall, Yerong Creek in New South Wales, and is in the federal electorate of Farrer.

In FY 2013 the ATO recorded 2,860 individuals in postcode 2642. Of these people, 2,815 made a taxable income or loss. 2,195 of the population paid a gross amount of tax. After tax offsets, 1,980 people actually paid a net amount of tax. There were 835 non-taxable people who paid net tax of $0.

Compare TaxStats of 2642 with NSW

2642 TaxStats FY2013%Ppl#Ppl2642
Total Individuals100%2,860
Salary or Wage 72%2,065$43,594$90,021,196
Gross Interest65%1,855$1,559$2,892,064
Unfranked Dividends16%460$565$259,721
Franked Dividends33%935$3,843$3,592,923
Dividend Franking Credit33%930$1,656$1,540,368
Capital Gains4%125$24,062$3,007,708
Termination Payouts1%30$13,407$402,218
Tips/Directors Fees etc20%565$2,676$1,511,847
Business Income11%310$13,959$4,327,316
Foreign Income6%160$396$63,323
Government payments6%170$5,393$916,812
Government pensions6%165$9,092$1,500,116
Total Income or Loss100%2,850$47,560$135,545,222
Charitable Gifts28%790$337$266,331
Cost of Tax Affairs42%1,195$339$405,647
Work Car expenses18%525$2,272$1,192,712
Work Travel expenses6%160$3,338$534,106
Self Education expenses3%100$1,742$174,181
Total Deductions77%2,210$2,661$5,881,261
Taxable Income98%2,815$45,470$127,996,857
Medicare Levy 67%1,905$904$1,721,535
Medicare Surcharge 1%20$1,469$29,388
Gross Tax 77%2,195$11,042$24,236,993
Net Tax 69%1,980$12,051$23,860,099
Average Tax 100%2,860 $8,343$23,860,099
Gross Tax Rate 77%2,195 24%$24,236,993
Net Tax Rate 69%1,980 27%$23,860,099
Average Tax Rate 100%2,860 18%$23,860,099
%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 $45,470. It is estimated that the average taxable income for people who paid a net amount of tax was $59584.

The average net tax paid was $12,051. This equates to an average tax of 27 cents in the dollar on taxable income.

The Medicare levy was paid by 1,905 people for an average of $904. 20 people paid $1,469 on average more for the Medicare surcharge.

2,065 people earned a salary or wage and took home an average of $43,594 each.

Government allowance and payments were collected by 170 people for on average $5,393. 165 people received the pension or other allowance.

Charitable gifts and donations of an average of $337 were made by 790 people.

The costs of tax affairs for 1,195 people were claimed for $339 each.