News Analysis: Israeli Monetary Visibility Techniques Seek To Catch Hidden Wealth Caches by converting “Cash Payment Systems” (CPS) to “Electronic Payment Systems” (EPS). The fact that ‘EPS’ retain recoverable details in Computer Memory Caches allows Government Authorities to find questionable transactions. It is estimated by Israeli Authorities that One Quarter of the Israeli Economy is “Black Capital”; a prodigious amount of money.
Israel in 2012 had a Gross Domestic Product (GDP) amount of approximately $248 Billion Dollars. Per Capita the amount was $32,200.00. The Country’s Taxes and other Revenues amounted to 31.6 % of ‘GDP’. Personal Income Tax Rates go to 50%. Passive Income Rates go up to 50%. A National Insurance Tax of up to 12% is also required.
As long as there are an inordinate number of Male Adults receiving Israeli Government Stipends (while other Israelis have to contribute to the ‘GDP’ of the country) the feeling of the Taxpayers of being mere ‘Freiers’ is very understandable. That many Taxpayers of Israel are engaged in ‘Black Capital’ should not be a surprise; they are disgusted about the “Free Lunches”. Their Tolerance of the other aforementioned Israelis who are “Dining at the Public Trough” for so many decades is the element that is difficult to comprehend, many people say; ‘Meshuga’.
Reality.
Reference: http://www.globes.co.il/en/article-locker-only-crooks-buy-mercedes-for-cash-1000924485