TaxStats for postcode 2644 FY2013

Postcode 2644 includes Bowna, Coppabella, Holbrook, Lankeys Creek, Little Billabong, Mountain Creek, Mullengandra, Wantagong, Woomargama, Yarara in New South Wales, and is in the federal electorate of Farrer.

In FY 2013 the ATO recorded 1,375 individuals in postcode 2644. Of these people, 1,350 made a taxable income or loss. 1,030 of the population paid a gross amount of tax. After tax offsets, 920 people actually paid a net amount of tax. There were 430 non-taxable people who paid net tax of $0.

Compare TaxStats of 2644 with NSW

2644 TaxStats FY2013%Ppl#Ppl2644
Total Individuals100%1,375
Salary or Wage 68%940$40,761$38,314,888
Gross Interest64%880$2,553$2,246,608
Unfranked Dividends18%245$433$106,189
Franked Dividends36%500$6,280$3,140,090
Dividend Franking Credit36%500$2,690$1,345,174
Capital Gains7%100$22,883$2,288,310
Termination Payouts1%10$3,642$36,417
Tips/Directors Fees etc22%305$2,627$801,221
Business Income12%160$10,464$1,674,281
Foreign Income8%110$592$65,156
Government payments6%80$5,729$458,323
Government pensions8%105$10,713$1,124,843
Total Income or Loss100%1,370$46,763$64,065,380
Charitable Gifts25%350$331$115,943
Cost of Tax Affairs44%610$360$219,675
Work Car expenses17%230$2,689$618,582
Work Travel expenses6%80$4,447$355,737
Self Education expenses3%35$1,592$55,709
Total Deductions75%1,030$3,065$3,157,196
Taxable Income98%1,350$44,660$60,291,338
Medicare Levy 64%875$932$815,148
Medicare Surcharge 1%15$1,288$19,315
Gross Tax 75%1,030$11,523$11,868,921
Net Tax 67%920$12,778$11,755,720
Average Tax 100%1,375 $8,550$11,755,720
Gross Tax Rate 75%1,030 26%$11,868,921
Net Tax Rate 67%920 29%$11,755,720
Average Tax Rate 100%1,375 19%$11,755,720
%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 $44,660. It is estimated that the average taxable income for people who paid a net amount of tax was $59925.

The average net tax paid was $12,778. This equates to an average tax of 29 cents in the dollar on taxable income.

The Medicare levy was paid by 875 people for an average of $932. 15 people paid $1,288 on average more for the Medicare surcharge.

940 people earned a salary or wage and took home an average of $40,761 each.

Government allowance and payments were collected by 80 people for on average $5,729. 105 people received the pension or other allowance.

Charitable gifts and donations of an average of $331 were made by 350 people.

The costs of tax affairs for 610 people were claimed for $360 each.