Media Release 29 April 2015
Media release 29 April 2015 UNDER EMBARGO until 12:01 AM, WEDNESDAY 29 APRIL 2015 Australia’s highest earners revealed Australia’s most charitable people, highest earners and richest postcodes have been revealed with the ATO releasing Taxation statistics 2012-13. ATO Second Commissioner Andrew Mills said that the latest report shows that the postcode with the highest mean taxable income of $177,514 in 2012-13 was 2027, which includes the Sydney suburbs of Darling Point, Edgecliff, HMAS Rushcutters and Point Piper. Surgeons once again topped the list of occupations with the highest mean income, earning on average $361,202. The most charitable region in 2012-13 was the Australian Capital Territory, with just over 100,000 people claiming $62,707,20. This was an average donation of $261 per ACT resident that lodged a tax return in 2012-13. “Compiling Tax Stats is a significant undertaking each year,” Mr Mills said. “It adds to our picture of the Australian community, showing the spread of taxable income across the country, sources of income and data about business and work-related expenses.” “We make the data available for researchers and the broader community to improve the understanding of Australia's taxation and superannuation systems and how they operate within the broader environment,” he said. Taxation statistics 2012-13 presents an overview of 2013 income tax returns for individuals, companies, superannuation funds, partnerships and trusts. The statistics also cover other aspects of the taxation system such as the goods and services tax (GST) and excise systems, fringe benefits tax (FBT), pay as you go (PAYG) and the superannuation system, in relation to the 2013–14 financial year.
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