Everyone is equal but some people are more equal
Seventeen percent of Israel’s population paid over three-fourths of the direct taxes in 2008, while about half fell beneath the income tax threshold, a report by the Finance Ministry’s State revenue administration revealed Sunday.
The report, which used data from 2008, the last year of complete available data, and modeled estimates for 2011 and 2012, found that the overall greatest contribution to the state’s direct tax revenues came from the second highest tax bracket, in which 6.4% of the population paid out 30.9% of the total.
Only a third as many people--1.8%--paid into the top top tax bracket, but the higher rate meant they represented 27.2% of the overall direct taxes collected. Fully 43.7% of the population fell into the lowest tax brackets of 10% or less, and represented a mere 2.4% of the tax revenue.
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On average, Israelis paid 20.6% in direct taxes, 13.4% in income tax and 7.6% on Health and National Insurance taxes.
Labels: Israeli economy
posted by Carl in Jerusalem @ 7:41 AM
2 Comments:
Israel's <a href="http://www.jims-israel.org/tax-freedom-day.aspx><b><i>2012 Tax Freedom Day</b></i></a> was on July 15th last year.
Just sickening!
There is almost not a single Knesset member or Minister worth their government car's monthly lease fee.
Sounds right. America is at 47% don't pay taxes.
All they have to do is offer freebies and they will be set for life.
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