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  • 2015-16 Tax Stats released

    The Australian Taxation Office (ATO) has released the annual Taxation Statistics report for the 2015-16 financial year. The report presents an overview of 16 million 2016 income tax returns for 13.5 million individuals, 940,000 companies, as well as superannuation funds, partnerships, and trusts.

    Other parts of the taxation system are also included in a user-friendly format including data on GST, excise, FBT, pay as you go, and the superannuation system.

    The statistics cover areas such as average taxable income by occupation. The profession with the highest income was Surgeon with an average taxable income of $393,467. Anaesthetists, Internal Medicine Specialists, Psychiatrists, and Other Medical Practitioners filled the second, third, fifth, and sixth spots on the list.

    Top 10 occupations - see the table below

    Top 10 occupations

    Occupation

    Number of individuals

    Average Taxable income $

    Surgeons

    3,822

    393,467

    Anaesthetists

    3,181

    359,056

    Internal Medicine Specialists

    8,191

    291,140

    Financial Dealers

    4,617

    263,309

    Psychiatrists

    2,740

    211,024

    Other Medical Practitioners

    27,461

    199,590

    Judicial and Other Legal Professionals

    3,073

    198,219

    Mining Engineers

    8,655

    166,557

    Chief Executives and Managing Directors

    166,741

    158,249

    Engineering Managers

    25,457

    148,852

    Out of almost 1,200 occupations recorded, there were less than 100 occupations where females had an average taxable income higher than males. This included receptionist, school teacher, beautician, and goat farmer.

    The highest average taxable income of $192,500 was recorded in Sydney’s 2027 postcode which covers Darling Point, Edgecliff, HMAS Rushcutter, and Point Piper. Melbourne’s 3142 postcode, covering Toorak and Hawksburn, was the second highest nationally with an average taxable income of $190,777.

     Top 10 postcodes – see the table below

    Top 10 postcodes

    Postcode

    Suburb name

    Number of individuals

    Average Taxable income $

    2027

    Darling Point, Edgecliff, HMAS Rushcutters, Point Piper

    5,995

    192,500

    3142

    Hawksburn, Toorak

    10,063

    190,777

    2030

    Dover Heights, HMAS Watson, Rose Bay North, Vaucluse, Watsons Bay

    9,819

    182,829

    2023

    Bellevue Hill

    7,254

    180,412

    3944

    Portsea

    445

    167,266

    2088

    Mosman, Spit Junction

    19,753

    161,360

    2063

    Northbridge

    4,298

    159,736

    6011

    Cottesloe, Peppermint Grove

    6,443

    150,230

    2110

    Hunters Hill, Woolwich

    6,050

    147,757

    2028

    Double Bay

    3,520

    146,521

    New South Wales was home to the lowest earning area. Postcode 2387, covering Bulyeroi and Rowena in far North East NSW, had an average taxable income of around $12,000. Victoria has five of the bottom 10 postcodes with 3482 recording the second lowest average incomes nationally.

    One in three Australians claimed a deduction for a charitable gift or donation. In total, Australians reported donating $2.8 billion with an average gift size of $211. The ACT is the most generous territory with 41% of residents claiming a deduction followed by 37% of Victorian and 36% of Northern Territorians.

    Additional information by state or territory is also available.

    Taxation Statistics 2015-16 is available:

    ato.gov.au/About-ATO/Research-and-statistics/Our-statistics/Taxation-statistics/

    Last modified: 27 Apr 2018QC 55033