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Dutertenomics - Tax Reforms



  • badJayebadJaye PEx Influencer ⭐⭐⭐
    Only the fuel tax could affect all in terms of higher transportation cost... the rest are “wants” and not “needs”... and also very happy that they will lower it again in 2023...

    This is a huge break for me and all income tax payers and why would the poor complain when they have 4Ps already... propabably the minimum wage earners have it bad.. since they are tax exempt already... but still.. the funds will be used for free education and infrastructure.. the better the economy, the better for everyone.

    ...everybody have to share.... EVERYBODY...
  • based on my computation half ng tax ko ang mababawasan which is pretty good considering meron pa again in 2023 is great.
  • strike_nustrike_nu PEx Rookie ⭐
    Don't forget na may 2nd Package ng Tax Reform na maaring ipasa sa early 2018. At end of the day, babalik sa mga tao, ang kinita ng tax reform. Btw, may bagong sin tax naman under tax reform.
  • foxhound_23foxhound_23 PEx Influencer ⭐⭐⭐
    tax tax tax! yan ang alam ng gobyerno mag tax para mas maraming manakaw! buti sana kung nagagamit talaga sa pagpapa unlad ng pinas kaso sa buksa lang ng mga pulitiko napupunta bwis3t!

    buti na lang yung hangin at yung sinag ng araw di nila control kung nagkataon sigurado kada hinga at pagpapaaraw mo may tax!
  • ach_chooach_choo PEx Influencer ⭐⭐⭐
    I still can't understand how the coal tax should work, other than to go out and out kill the industry. But then, I need to do more reading.
  • strike_nustrike_nu PEx Rookie ⭐
    ach_choo wrote: »
    I still can't understand how the coal tax should work, other than to go out and out kill the industry. But then, I need to do more reading.

    Mas mataas nga ang excise tax ng coal sa ibang bansa para raw sa environment. Coal Excise tax is not a proposal from DOF. Si Legarda ang nag-insert ng coal excise tax. may conflict of interest siya dahil meron silang family business na may kinalaman sa solar energy.
  • gotta lick itgotta lick it PEx Influencer ⭐⭐⭐
    vince_44 wrote: »
    excited na ako sa tax reform biruin mo madagdagan ng 4,300 ang take home pay ko monthly. kahit pa mg increase pa ng bilihin di mauubos ang 4,300 ko. mga taong tamad lang at unemployed tulad mo di nasisiyahan sa tax reform na ito.
    this will be start DuDirty downfall.

    why tax asphalt which is the poorman's road pavement? kerosine the poorman's home gas? LPG which is the blood of food and beverage industry?

    especially bunker fuel. that will skyrocket the electricity rate given the philippines already has the highest electricity rate in SEA.

    good luck to us. blame the [#]16MStupidFilipinoVoters[/#]

    minimum wage earner ka pa dude. let us see how far will your additional 4300 will get you once inflation strikes because of this runaway DuDitry TRAIN.

    ***** - 3000% excise tax on coal

    in short,

    3000% increase in YOUR electricity BILL

    eto hindi ma-gets ng [#]16MStupidFilipinoVoters[/#].
  • elBartoloelBartolo PEx Influencer ⭐⭐⭐
    Ay *****.

    may masave na 4300, min wage earner? :lol:
  • baldo!baldo! PEx Veteran ⭐⭐
    maghihirap lalo neto yung mga walang trabaho.

    at sa mga may trabaho, goodluck :glee:

    magnegosyo na lang para safe :love:
  • buddywbuddyw PEx Influencer ⭐⭐⭐
    ‘MAY BOTO KAHIT WALANG TAO’ | Lawmakers say TRAIN ratification by empty House ‘invalid’

    MANILA, Philippines — Activist lawmakers said the ratification of the Tax Reform for Acceleration and Inclusion bill by the House of Representatives with barely a dozen members on the floor Wednesday night was “invalid.”

    “The ratification of the TRAIN by the House of Representatives was a total farce and travesty of the so-called representative democracy,” ACT Teachers party-list Representative Antonio Tinio said, calling the exercise invalid for lack of quorum.

    Bayan Muna Representative Carlos Zarate described what happened as a “blatant violation of our rules.” He cited Rule X, Sec. 63 of the House on Conference Committee Reports, which states that: “xxx A conference committee report shall be ratified by a majority vote of the Members of the House present, there being a quorum.”

    “Obviously the runaway TRAIN that would (wreak) havoc on our people with new burdensome taxes was not validly ratified and legally infirm,” he said.

    Sought for reaction, Majority Leaders Rodolfo Fariñas said: “Any member who is contesting the report of the presiding officer and the floor leaders about the proceedings leading to the ratification of the bicam (bicameral) committee report on the TRAIN, such member could bring it to the attention of plenary or, if not contented, to the courts.”
  • gotta lick itgotta lick it PEx Influencer ⭐⭐⭐
    i-TRO na iyan.

    mukhang may maagang Dirty christmas bonus ang mga congressman.
  • y2kbugy2kbug PEx Veteran ⭐⭐
    Isa ng ganap na batas starting Jan 1 2018.
  • elBartoloelBartolo PEx Influencer ⭐⭐⭐
    baldo! wrote: »
    maghihirap lalo neto yung mga walang trabaho.

    at sa mga may trabaho, goodluck :glee:

    magnegosyo na lang para safe :love:

    Goodluck? In my case, 4k+ yung maisave ko, hindi pa kasama yung sa asawa ko. Goodluck nga :lol:
  • elBartoloelBartolo PEx Influencer ⭐⭐⭐
  • Nelissa_sanchezNelissa_sanchez PEx Influencer ⭐⭐⭐
    Not Bad!!!!! Thank you sa batas na to..
  • elBartoloelBartolo PEx Influencer ⭐⭐⭐
    Duterte’s tax reform: Nothing short of revolutionary
    Bobi Tiglao

    IT will probably be only years after President Duterte steps down from office that we will realize that his tax reform program which the Congress—surprisingly, really—approved at breakneck speed is nothing short of revolutionary.

    Not even the supposedly radical, communist National Democratic Front ever dared to demand—or even think of—what Duterte’s administration has done through the tax reform law, Republic Act 10963, which was passed the other day.

    This is to exempt from any income tax the country’s lower classes—up to those receiving around P20,000 per month. They have been taxed at least 5 percent since 1997, amounting to P14,500 to P50,000 annually. Some 7 million workers are estimated to be exempted from income taxes under the new law, called the Tax Reform for Acceleration and Inclusion Act (TRAIN).

    The taxes squeezed from the lower classes for two decades have been actually higher as companies have been required to withhold 10 percent of salaries of all their staff, which they remit to the Bureau of Internal Revenue. In practice, the lower classes mostly no longer file the claims for a tax refund.

    Even those with incomes P25,000 to P80,000 per month—roughly the country’s middle-class—will see their income taxes significantly reduced by P55,000 to P98,000 from 2018 to 2023. (See chart)

  • ylle45ylle45 Member PEx Icon 🎖️🎖️🎖️
    i-TRO na iyan.

    mukhang may maagang Dirty christmas bonus ang mga congressman.

    I have to agree, sana ITRO ito:bop:

    malaking minus sa akin ito sa Duterte admin:bop:

    POOTAH kayo nakakahiya kayo:bop:

    wala ng alam kundi buwis puro nakaw naman:bop:
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