Total tax paid
₪ 19,714
Did you know your employer also pays tax on your salary? It costs the employer ₪ 4,409 to pay you ₪ 98,496. In other words, every time you spend ₪ 10 of your hard-earned money, ₪ 2 goes to the government.
Real tax rate
19.2%
So, with you and the employer both paying tax, what used to be a 15.5% tax rate now rises to 19.2%, meaning your real tax rate is actually 3.7% higher than what it seemed at first.