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From: AAP
  • May 01, 2012 12:00AM

 

ALSO

THERE may be big money to be earned in the mining states from the ongoing resources boom, but the south-eastern seaboard is still where households with the big incomes live.

The Australian Tax Office’s (ATO) latest taxation statistics show the top ten earning taxpayers live mostly in NSW, along with two suburbs in Victoria, and just one postcode in Western Australia.

The report for the 2009/10 financial year shows that the NSW postcode 2027 – that takes in the suburbs of Darling Point, Edgecliff, Rushcutters Bay and Point Piper – had a mean taxable income of $182,254.

This is followed by Victoria’s 3142, covering Hawksburn and Toorak, with a mean taxable income of $165,130, and then NSW’s 2110 for Hunters Hill and Woolwich at $164,239.

Western Australian postcode 6011 – Cottesloe and Peppermint Grove – came in fourth with a salary of $157,226.

Across the country 12.4 million individuals lodged an income tax return in 2009/10, including a record 2.35 million who self-used the internet-based e-tax system for their lodgment rather than the traditional paper method.

A total income of $605.6 billion was declared by individuals in 2009/10, a 3.7 per cent increase on the previous financial year.

This included $460.7 billion in salary and wages.

However, there was a 6.1 per cent decrease in individual tax deduction claims of $29.7 billion compared to the previous year, with over half being work-related expenses.

Read more: http://www.news.com.au/money/money-matters/what-mining-boom-big-earners-still-in-australias-southeast/story-e6frfmd9-1226343017684#ixzz1tku9m4GV

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