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
35%
30%
25-28%
36,760+
48%
42%
28-35%
Yay! While this will still leave Israel tax rates higher than US rates, it makes up most of the difference, and in [...]
