TaxStats for postcode 2450 FY2013

Postcode 2450 includes Boambee, Bonville, Brooklana, Bucca, Bucca, Coffs Harbour, Coffs Harbour Jetty, Coffs Harbour Plaza, Coramba, Coramba, Dairyville, Glenreagh, Glenreagh, Karangi, Karangi, Korora, Korora, Lowanna, Lowanna, Lower Bucca, Moonee Beach, Moonee Beach, Nana Glen, Nana Glen, North Boambee Valley, Sapphire Beach, Sapphire Beach, Sherwood, Ulong, Upper Orara in New South Wales, and is in the federal electorate of Cowper.

In FY 2013 the ATO recorded 22,165 individuals in postcode 2450. Of these people, 22,015 made a taxable income or loss. 17,060 of the population paid a gross amount of tax. After tax offsets, 15,095 people actually paid a net amount of tax. There were 6,920 non-taxable people who paid net tax of $0.

Compare TaxStats of 2450 with NSW

2450 TaxStats FY2013%Ppl#Ppl2450
Avg
2450
Total
Total Individuals100%22,165
Income
Salary or Wage 75%16,570$44,513$737,576,754
Gross Interest58%12,950$2,068$26,783,539
Unfranked Dividends9%1,990$500$994,972
Franked Dividends27%6,050$5,114$30,941,121
Dividend Franking Credit27%6,030$2,198$13,252,429
Capital Gains4%930$8,817$8,199,809
Termination Payouts1%295$10,984$3,240,242
Tips/Directors Fees etc22%4,825$2,897$13,978,763
Business Income10%2,165$22,421$48,540,672
Foreign Income5%1,190$718$854,080
Government payments11%2,370$5,567$13,193,124
Government pensions8%1,825$9,210$16,808,343
Total Income or Loss100%22,095$46,672$1,031,214,868
Deducations
Charitable Gifts32%7,120$311$2,211,164
Cost of Tax Affairs48%10,745$309$3,323,156
Work Car expenses22%4,970$2,270$11,280,679
Work Travel expenses8%1,680$2,499$4,198,232
Self Education expenses4%875$1,601$1,400,800
Total Deductions81%17,975$2,633$47,332,481
Taxation
Taxable Income99%22,015$44,525$980,223,022
Medicare Levy 64%14,285$890$12,709,254
Medicare Surcharge 1%265$1,236$327,564
Gross Tax 77%17,060$10,663$181,915,463
Net Tax 68%15,095$11,748$177,330,377
Average Tax 100%22,165 $8,000$177,330,377
Gross Tax Rate 77%17,060 24%$181,915,463
Net Tax Rate 68%15,095 26%$177,330,377
Average Tax Rate 100%22,165 18%$177,330,377
%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 $44,525. It is estimated that the average taxable income for people who paid a net amount of tax was $59436.

The average net tax paid was $11,748. This equates to an average tax of 26 cents in the dollar on taxable income.

The Medicare levy was paid by 14,285 people for an average of $890. 265 people paid $1,236 on average more for the Medicare surcharge.

16,570 people earned a salary or wage and took home an average of $44,513 each.

Government allowance and payments were collected by 2,370 people for on average $5,567. 1,825 people received the pension or other allowance.

Charitable gifts and donations of an average of $311 were made by 7,120 people.

The costs of tax affairs for 10,745 people were claimed for $309 each.