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Posted by observer on 02:49:55 05/09/08
In Reply to: Re: happy birthday Israel... : ) posted by Edenite
: : : E:60 years today... what an amazing nation.
: :
: : dude, i agree but yer trolling for the loons, huh?
:
: E:Nothing's going on here anyways.
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: Anyways, the failures too engaged in the idolatry of worshipping political messiahs who are going to "save" them by taxing the rich.
:
: : tell em why it's amazing, ede
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: E:Sure will.
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: Literally ~billions~ of people hate that tiny nation...
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: ...according to UN records... Israel is by far the most condemned nation on the face of the earth...
:
: ...and yet Israel continues to exist...
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: ...and that's nothing short of God's blessing.
Well, that, and there's their hefty third party payer tax system (not to mention exceptionally generous gifts of US taxpayer subsidized foreign aid, most of which ended up in the pockets of munitions dealers).
Israel Tax News
2008 Income Tax Rates
January 2008
From 1.1.2008 income tax rates for individuals are 10%-47%, compared to a top marginal tax rate of 48% in 2008.
Israel's coporate tax rate for 2008 is 27% , compared to 29% tax rate in 2007. The VAT rate for 2008 remains the same as in 2007, 15.5%.
In 2008 new double taxation treaties with Croatia, Ethiopia and Belarus will come into force.
Negative Tax Reform
December 2007
The Israeli parliment approved on 18.12.2007 a new negative income tax reform.
According to the reform , taxpapayers earning low income, but more than IS 1,730 per month, will get a cash grant paid directly by the government. The grant is given to earners aged 23 years or more, having at least one child aged under 18. For earners aged above 55 years, the grant is given for children above 19 years too.
The monthly grant starts from IS 400 per a single parent, up to IS 800 per couple.
The tax reform for employees is effective from 2007, at first covering only an area of about 20% of Israel. By 2009 the reform would cover all the population. For self employed people the reform would start in 2008, as a tax credit brought forward for the next years.
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