Total tax paid
₪ 16,264
Did you know your employer also pays tax on your salary? It costs the employer ₪ 1,585 to pay you ₪ 37,000. In other words, every time you spend ₪ 10 of your hard-earned money, ₪ 4.40 goes to the government.
Real tax rate
42.2%
So, with you and the employer both paying tax, what used to be a 39.7% tax rate now rises to 42.2%, meaning your real tax rate is actually 2.5% higher than what it seemed at first.