The residents in this postcode pay more than $1Billion in tax in one year

Guess which postcode contributed more than $1.1bn in government revenue in one year alone? sydney property market

I’m sure you guessed it was a Sydney suburb.

Well…it was Mosman where residents paid a staggering $400 million more tax than the next-highest postcode.

Analysis by The Weekend Australian of 2014-15 Australian Taxation Office data, produced the following interactive graph wher you can find out how much tax has been paid in your postcode:

http://media.theaustralian.com.au/maps/carto-map.html

What about Sydney’s other expensive suburbs? 

For the record, the tax take in Vaucluse’s 2030 postcode was $704m and Point Piper’s 2027 was $447.2m, but both had far fewer taxpayers.

Bondi’s 2026 hit almost­ $600m.

In Melbourne, postcode 3186 centred on Brighton was the highest-ranking in Victoria, with an income tax take just shy of $700m but $13.5m more than residents of Toorak’s 3142 paid.

from Property UpdateProperty Update http://propertyupdate.com.au/the-residents-in-this-postcode-pay-more-than-1billion-in-tax-each-year/

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