Check out this article in the Jerusalem Post on proposed tax-cuts that would be put in place over the next 7 years. To sum it up: Monthly Salary (NIS) 2008 tax rate 2015 tax rate Current US Rate 0-4,390 10% 10% 10-15% 4,390-7,810 16% 10% 15% 7,810-11,720 26% 17% 15-25% 11,720-16,840 33% 25% 25% 16,840-36,760 [...]