Colors: Blue Color

First person account about Israeli businesses from our ACHI representative on the streets of Jerusalem

Finally we are back in Jerusalem, in our little apartment in Rechavia. My husband and I managed to slip into Israel between lockdowns and have spent most of the past two months enjoying the rain and the unusual snowfall while stuck in said apartment. Much to my delight, we have had some beautiful weather this week and I finally started my favorite pastime—window shopping (and shopping) on the streets I know so well. However, not only were some of my beloved stores closed, but many more businesses were dark and shuttered.

For 2022, the Internal Revenue Service increased the federal estate and gift tax lifetime exemptions to $12,060,000 per person ($24,120,000 million for a couple). This means that an individual’s estate will not be taxed by the federal government if it is within those limits. Therefore, a couple with assets of under $24.12 million will not have a federal estate tax imposed on their collective estate provided proper planning is done. Further, a gift tax will not be imposed if lifetime gifts are made within those limits. 

In several places throughout the Torah (Sh’mos 19:5 and D’varim 7:6, 14:2, 26:18), Hashem refers to the Jewish People as an am s’gulah. In this context, it means that they possess certain traits that supersede the rules of creation. For instance, according to Chazal, if a Jew intends to perform a mitzvah and is prevented from doing so, he receives reward as if he performed it. If, on the other hand, he is prevented from performing a transgression, this same principle will not apply. He is not held accountable (Kiddushin 40a).