The average income tax rate in Israel is 21% (and falling) compared to the OECD average of 35.9% (and rising). Only three of the 34 OECD countries levy less income tax on its citizens than Israel.
http://www.globes.co.il/en/article-average-israeli-income-tax-rate-among-lowest-in-oecd-1000933571
http://www.timesofisrael.com/oecd-report-highlights-israel-as-land-of-low-taxes/
http://www.oecd.org/tax/tax-burdens-on-labour-income-continue-to-rise-across-the-oecd.htm