TaxStats for postcode 2824 FY2013

Postcode 2824 includes Beemunnel, Eenaweena, Marthaguy, Mount Foster, Mount Foster, Mount Harris, Mumblebone Plain, Oxley, Pigeonbah, Ravenswood, Red Hill, Snakes Plain, Tenandra, Warren in New South Wales, and is in the federal electorate of Parkes.

In FY 2013 the ATO recorded 1,310 individuals in postcode 2824. Of these people, 1,280 made a taxable income or loss. 1,045 of the population paid a gross amount of tax. After tax offsets, 945 people actually paid a net amount of tax. There were 335 non-taxable people who paid net tax of $0.

Compare TaxStats of 2824 with NSW

2824 TaxStats FY2013%Ppl#Ppl2824
Avg
2824
Total
Total Individuals100%1,310
Income
Salary or Wage 74%970$43,893$42,576,313
Gross Interest56%730$3,369$2,459,341
Unfranked Dividends15%195$659$128,451
Franked Dividends33%430$6,033$2,594,024
Dividend Franking Credit33%430$2,587$1,112,419
Capital Gains5%70$11,519$806,340
Termination Payouts1%15$4,529$67,942
Tips/Directors Fees etc18%235$2,225$522,841
Business Income10%135$21,340$2,880,921
Foreign Income7%95$544$51,693
Government payments7%95$5,594$531,443
Government pensions6%75$9,406$705,476
Total Income or Loss100%1,305$51,848$67,661,239
Deducations
Charitable Gifts20%265$430$113,818
Cost of Tax Affairs47%610$329$200,408
Work Car expenses24%310$2,258$699,899
Work Travel expenses6%85$1,486$126,326
Self Education expenses4%50$1,609$80,433
Total Deductions78%1,025$3,201$3,281,044
Taxation
Taxable Income98%1,280$47,295$60,537,551
Medicare Levy 68%890$916$814,926
Medicare Surcharge 1%10$530$5,304
Gross Tax 80%1,045$11,103$11,602,960
Net Tax 72%945$12,258$11,583,437
Average Tax 100%1,310 $8,842$11,583,437
Gross Tax Rate 80%1,045 23%$11,602,960
Net Tax Rate 72%945 26%$11,583,437
Average Tax Rate 100%1,310 19%$11,583,437
%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 $47,295. It is estimated that the average taxable income for people who paid a net amount of tax was $59807.

The average net tax paid was $12,258. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 890 people for an average of $916. 10 people paid $530 on average more for the Medicare surcharge.

970 people earned a salary or wage and took home an average of $43,893 each.

Government allowance and payments were collected by 95 people for on average $5,594. 75 people received the pension or other allowance.

Charitable gifts and donations of an average of $430 were made by 265 people.

The costs of tax affairs for 610 people were claimed for $329 each.