TaxStats for postcode 2722 FY2013

Postcode 2722 includes Bongalong, Bongongalong, Brungle, Brungle Creek, Burra Creek, Darbalara, Edwardstown, Gundagai, Jackalass, Jones Creek, Muttama, Nangus, Reno, South Gundagai, Tarrabandra, Wagragobilly, Willie Ploma in New South Wales, and is in the federal electorate of Riverina.

In FY 2013 the ATO recorded 1,705 individuals in postcode 2722. Of these people, 1,690 made a taxable income or loss. 1,280 of the population paid a gross amount of tax. After tax offsets, 1,145 people actually paid a net amount of tax. There were 545 non-taxable people who paid net tax of $0.

Compare TaxStats of 2722 with NSW

2722 TaxStats FY2013%Ppl#Ppl2722
Total Individuals100%1,705
Salary or Wage 76%1,295$42,259$54,725,527
Gross Interest55%940$2,165$2,035,431
Unfranked Dividends11%180$1,242$223,504
Franked Dividends28%475$3,611$1,715,413
Dividend Franking Credit28%475$1,547$734,815
Capital Gains4%60$7,744$464,649
Termination Payouts2%30$5,001$150,016
Tips/Directors Fees etc24%415$2,283$947,580
Business Income9%160$8,282$1,325,179
Foreign Income4%70$441$30,872
Government payments7%120$5,706$684,770
Government pensions7%115$9,289$1,068,226
Total Income or Loss100%1,700$42,023$71,438,514
Charitable Gifts27%455$262$119,393
Cost of Tax Affairs46%785$265$207,893
Work Car expenses20%345$2,446$843,872
Work Travel expenses7%125$3,603$450,375
Self Education expenses2%40$1,448$57,921
Total Deductions79%1,345$2,862$3,849,450
Taxable Income99%1,690$39,740$67,160,281
Medicare Levy 63%1,075$821$882,589
Medicare Surcharge 1%20$891$17,823
Gross Tax 75%1,280$9,002$11,522,213
Net Tax 67%1,145$10,109$11,574,829
Average Tax 100%1,705 $6,789$11,574,829
Gross Tax Rate 75%1,280 23%$11,522,213
Net Tax Rate 67%1,145 25%$11,574,829
Average Tax Rate 100%1,705 17%$11,574,829
%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 $39,740. It is estimated that the average taxable income for people who paid a net amount of tax was $52943.

The average net tax paid was $10,109. This equates to an average tax of 25 cents in the dollar on taxable income.

The Medicare levy was paid by 1,075 people for an average of $821. 20 people paid $891 on average more for the Medicare surcharge.

1,295 people earned a salary or wage and took home an average of $42,259 each.

Government allowance and payments were collected by 120 people for on average $5,706. 115 people received the pension or other allowance.

Charitable gifts and donations of an average of $262 were made by 455 people.

The costs of tax affairs for 785 people were claimed for $265 each.