Tax statistics show our nation’s story

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Nanjing Night Net

TOP JOB: Medical professionals fill the first three positions on the list of Australia’s big earners, based on average taxable income.

Which state or territory isthe most charitable?

STUNNING: With views like this at Darling Point, its easy to see why it is one of the top 10 postcodes.

Who are the richest? How much do we donate?

Figures released by the Australian Taxation Office have revealed the answers to these questionsfollowing a crunching of the numbers for taxation statistics from2013-2014.

The report, released in March, revealed that those living in NSW postcode 2027 – Darling Point, Edgecliff, HMAS Rushcutters and Point Piper – are among the nation’s richest.

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The Tax ShopSinnott & AssocH & R BlockThe mean taxable income for the 6071 peopleliving in the area is a cool $200,015, which has risen from the 2012-2013 figure of just $177,514.

They were followed by those living in Hawksburn and Toorak, Victoria with a mean taxable income of $167,407, some $32,608 less.

Surgeons have topped the highest paid occupations list for another year running with an average taxable income of $375,097.

A new addition to the highest paid occupations list includes specialist physicians who take home an average taxable income of almost $280,000 (third), financial dealers, legal professionals and mining engineers.

NSW will be happy to know it surpassed the ACT as the most charitable state in the nation by donatinga 39 per cent share of the national total.

NSW donated more than $1.03 billion and wasfollowed by Victoria with $709.5 million and Queensland with almost $366 million.

The statistics also revealed the tax areas with the most deductions were work expenses, followed by personal superannuation contributions and gifts and donations.

The statistics for 2013-2014 presents an overview of 2014 income tax returns for individuals, companies, superannuation funds, partnerships and trusts.

Top 10 jobsWho are the big earners are across the nation?(average taxable income)

Top 10 postcodes (By mean taxable income or loss)

Charity/donation breakdown by state (Mean donation per person living in the state)

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