As part of this year’s tax stats release, they have also included data relating to individuals with private health insurance. Other parts of the taxation system are also covered in a user-friendly format including data on Goods and Services Tax, excise, Fringe Benefits Tax and the Pay As You Go system.
The statistics cover areas such as average taxable income by occupation and state. The profession with the highest income was surgeons, with a national average taxable income of $394,866. Anaesthetists filled the second spot with an average income of $367,343 and internal medicine specialists came in third with an average income of $299,378.
Out of around 1,100 occupations recorded, there were 72 occupations where females had an average taxable income higher than males. This included authors, future traders, magistrates, professional surfers and illustrators.
The highest average taxable income of $230,330 was recorded in Sydney’s 2108 postcode which covers Coasters Retreat, Currawong Beach, Great Mackerel Beach and Palm Beach.
\Australia continues to be a charitable nation. In total, Australians reported donating $3.5 billion with an average gift size, for those who did donate, of $770. The most generous state was Western Australia, with thirty per cent of residents claiming an average deduction of $1,190. Northern Territory residents recorded the lowest charitable donations, with thirty four per cent of residents claiming an average deduction of $405.
