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	#Ppl	2650 Avg	2650 Total
Total Individuals	100%	31,550
Income
Salary or Wage	82%	25,725	$48,569	$1,249,441,218
Gross Interest	54%	17,035	$1,799	$30,638,202
Unfranked Dividends	10%	3,125	$492	$1,538,355
Franked Dividends	27%	8,470	$6,928	$58,680,031
Dividend Franking Credit	27%	8,435	$2,981	$25,146,589
Capital Gains	4%	1,205	$12,067	$14,540,266
Termination Payouts	1%	395	$6,916	$2,731,666
Tips/Directors Fees etc	23%	7,305	$2,074	$15,150,051
Business Income	7%	2,280	$28,460	$64,887,724
Foreign Income	5%	1,595	$983	$1,567,155
Government payments	8%	2,400	$5,547	$13,312,722
Government pensions	6%	1,975	$9,244	$18,257,424
Total Income or Loss	100%	31,470	$52,866	$1,663,678,058
Deducations
Charitable Gifts	38%	11,920	$317	$3,780,804
Cost of Tax Affairs	51%	15,960	$1,182	$18,863,012
Work Car expenses	24%	7,415	$1,999	$14,822,529
Work Travel expenses	8%	2,415	$2,626	$6,342,770
Self Education expenses	6%	1,785	$1,491	$2,661,120
Total Deductions	84%	26,430	$3,248	$85,843,083
Taxation
Taxable Income	99%	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.