There are lots of things prospective immigrants focus on when moving to Israel. Education, jobs, health care, quality of life.
While new immigrants will save BOATLOADS of money on their children’s education, much of the savings are eaten up by the relatively high Israeli income tax rates. Check out a recent post on the Nefesh B’Nefesh website regarding Israeli marginal income tax rates for 2009.
When you read the whole article (I recommend you do — there is also info regarding the national insurance taxes (Bituach Leumi) and car benefits (car benefits are considered taxable income in Israel), you’ll find that the 2009 income tax rates in Israel are:
Income tax rates
The current monthly income tax rates for employment and freelance income are as follows:
- 10%: on income up to NIS 4,590
- 15%: on income of NIS 4,591 – 8,160
- 23%: on income of NIS 8,161 – 12,250
- 30%: on income of NIS 12,251- 17,600
- 34%: on income of NIS 17,601 – 37,890
- 46%: on income above NIS 37,890
2 Comments
January 18, 2009 at 11:10 am
and to think I have the IRS buggin me in the US and now here I’ve got someone else in my pocket who acts just like Peg Bundy. oh it’s the Israeli govt.;-)
January 27, 2009 at 11:40 am
[...] About Me Israel Tax Rates in 2009 [...]