Raising indirect taxes: a direct hit on the middle class
Politicians won’t say so, but cutting the VAT or any of Israel’s indirect taxes means increasing the burden on the middle class.
In one of the last courageous acts of the current Netanyahu government, the Knesset in August passed a package of new tax measures for the 2012 and 2013 budget. Among the measures were several tax hikes, including a 17-percent increase in value-added tax, a one-percent increase in marginal income rates for those who make more than NIS 14,000 per month and a minimum 50-percent marginal tax rate for high-wage...
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