TaxStats for postcode 2650 FY2013

Postcode 2650 includes Alfredtown, Ashmont, Belfrayden, Big Springs, Bomen, Book Book, Boorooma, Boorooma, Borambola, Bourkelands, Brucedale, Bulgary, Burrandana, Carabost, Cartwrights Hill, Collingullie, Cookardinia, Coursing Park, Currawananna, Currawarna, Downside, East Wagga Wagga, Estella, Euberta, Eunanoreenya, Eunonoreenya, Galore, Gelston Park, Glenfield Park, Gobbagombalin, Gregadoo, Harefield, Hillgrove, Kooringal, Kyeamba, Lake Albert, Lloyd, Maxwell, Moorong, Mount Austin, North Wagga Wagga, Oberne Creek, Oura, Pulletop, Rowan, San Isidore, South Wagga Wagga, Springvale, Tatton, The Gap, Tolland, Turvey Park, Wagga Wagga, Wagga Wagga North, Wagga Wagga South, Wallacetown, Wantabadgery, Westby, Westdale, Yarragundry, Yathella in New South Wales, and is in the federal electorate of Riverina.

In FY 2013 the ATO recorded 31,550 individuals in postcode 2650. Of these people, 31,370 made a taxable income or loss. 25,995 of the population paid a gross amount of tax. After tax offsets, 23,850 people actually paid a net amount of tax. There were 7,520 non-taxable people who paid net tax of $0.

Compare TaxStats of 2650 with NSW

2650 TaxStats FY2013%Ppl#Ppl2650
Total Individuals100%31,550
Salary or Wage 82%25,725$48,569$1,249,441,218
Gross Interest54%17,035$1,799$30,638,202
Unfranked Dividends10%3,125$492$1,538,355
Franked Dividends27%8,470$6,928$58,680,031
Dividend Franking Credit27%8,435$2,981$25,146,589
Capital Gains4%1,205$12,067$14,540,266
Termination Payouts1%395$6,916$2,731,666
Tips/Directors Fees etc23%7,305$2,074$15,150,051
Business Income7%2,280$28,460$64,887,724
Foreign Income5%1,595$983$1,567,155
Government payments8%2,400$5,547$13,312,722
Government pensions6%1,975$9,244$18,257,424
Total Income or Loss100%31,470$52,866$1,663,678,058
Charitable Gifts38%11,920$317$3,780,804
Cost of Tax Affairs51%15,960$1,182$18,863,012
Work Car expenses24%7,415$1,999$14,822,529
Work Travel expenses8%2,415$2,626$6,342,770
Self Education expenses6%1,785$1,491$2,661,120
Total Deductions84%26,430$3,248$85,843,083
Taxable Income99%31,370$50,175$1,574,000,656
Medicare Levy 71%22,430$929$20,830,296
Medicare Surcharge 1%270$1,161$313,488
Gross Tax 82%25,995$11,825$307,397,180
Net Tax 76%23,850$13,132$313,200,875
Average Tax 100%31,550 $9,927$313,200,875
Gross Tax Rate 82%25,995 24%$307,397,180
Net Tax Rate 76%23,850 26%$313,200,875
Average Tax Rate 100%31,550 20%$313,200,875
%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 $50,175. It is estimated that the average taxable income for people who paid a net amount of tax was $62212.

The average net tax paid was $13,132. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 22,430 people for an average of $929. 270 people paid $1,161 on average more for the Medicare surcharge.

25,725 people earned a salary or wage and took home an average of $48,569 each.

Government allowance and payments were collected by 2,400 people for on average $5,547. 1,975 people received the pension or other allowance.

Charitable gifts and donations of an average of $317 were made by 11,920 people.

The costs of tax affairs for 15,960 people were claimed for $1,182 each.