Total tax paid
₪ 42,663
Did you know your employer also pays tax on your salary? It costs the employer ₪ 9,312 to pay you ₪ 163,008. In other words, every time you spend ₪ 10 of your hard-earned money, ₪ 2.62 goes to the government.
Real tax rate
24.8%
So, with you and the employer both paying tax, what used to be a 20.5% tax rate now rises to 24.8%, meaning your real tax rate is actually 4.3% higher than what it seemed at first.