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i can speak to Israel. Base price on cars is more expensive, then you basically pay 100% tax on the base price of the car. It makes cars a small fortune compa
by compsciphd 7y ago
i can speak to Israel. Base price on cars is more expensive, then you basically pay 100% tax on the base price of the car.
It makes cars a small fortune compared to the US. When I tell Israeli coworkers that I paid about $6K for a 3 year lease of my chevy volt (after state / utility company rebates), their mouths drop. That's basically free to them.
Also in Israel it used to be common that a benefit you got from your company was a car (because it wasn't taxed as income). It could be similar in other european countries? which hides the cost of the car from many of the consumers. Now, Israel taxes cars basically like income so its not as common a benefit you see anymore (employees would rather have cash than a car). The only reason to get a car as a benefit if for some reason the company can get the car cheaper than you could have gotten it yourself.
- mikl 7y agoThe "get a car from the job" used to be a common trick in Denmark years ago, but they changed the rules to you get taxed heavily for it, so it there’s not much to gain that way.
- notJim 7y agoI think this was a thing in the US too back when taxes were higher, but of course we went the opposite direction ¯\_(ツ)_/¯
- m463 7y agoHow much is gas in Israel?
- readhn 7y ago$7