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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (887306)9/12/2015 11:21:02 PM
From: Wharf Rat1 Recommendation

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zax

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How about Israel?

The state of Israel was built on Socialism and was perhaps the earliest, most committed Marxist experiments outside of Russia. Early relations with the US were understandably tense and complex. The country’s first major ally was the Soviet Union and relations with the Soviets were strong until Stalin’s death.

Israel has a highly successful system of universal healthcare. Just like the US under “Obamacare,” they have a personal mandate requiring everyone to obtain insurance. Unlike the US, basic coverage is paid for through a tax surcharge collected through the authority that maintains the social safety net. Israel’s system costs of fraction of what we pay in the US, while delivering health care ranked among the best in the world.

Tax rates in Israel are very high, even in comparison to Western Europe. Those who earn more than the equivalent of about $200,000US annually pay the top marginal tax rate of 50%, in additional to social security and health insurance tax surcharges. When all of these charges are included, the top marginal rate is well over 60%. Israelis also pay a VAT of 18% on purchases. Capital gains rates can reach 50% for some transactions and corporate tax rates are 25%.

The social welfare system provides the poor with payments for food, transportation, housing and cash which are relatively generous compared to the US. About a quarter if Israeli households use the welfare system, about the same as in the US.

goplifer.com
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