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  1. Join Date
    Oct 2002
    Posts
    1,219
    #1
    eto lang yata ang medyo ok na nakitang balita sa newspapers... sana magkatotoo. dati nag propose si congressman tenga a.k.a. de venecia na gawing fixed rate ang income tax at 15% for all salary levels. that was before he ran for president. obviously, walang nangyari dun sa proposal nya.


    20-percent tax cut for salaried workers proposed
    By Jess Diaz
    The Philippine Star 10/26/2005

    Millions of salaried workers may soon get a breather from high consumer prices in the form of tax relief.

    Albay Rep. Joey Salceda, who advises President Arroyo on the economy, is proposing a tax cut of at least 20 percent for salaried workers. His proposal is contained in a letter he sent to Mrs. Arroyo, who was his Ateneo economics teacher.

    Salceda told reporters yesterday that workers should get a tax relief to ease the "shock" they have been absorbing from higher taxes and the increasing cost of petroleum products.

    He said since January this year, this group of taxpayers has shelled out more than P250 billion in the form payments for increased taxes and cost of electricity and fuel.

    He said the tax cut would also make the tax structure more equitable.

    "As of now, wage earners contribute P84 billion in withheld income taxes, while businessmen and professionals are chipping in only P16 billion. This is iniquitous. There is a need to shift the burden to the self-employed and professionals," he added.

    There are several tax measures pending in the House and the Senate affecting salaried workers.

    In the Senate, Sen. Ralph Recto has authored a measure seeking a 20-percent cut in personal income taxes. Senators Juan Ponce Enrile and Loi Estrada have additional proposals to cut income taxes by at least half.

    In the House, Tarlac Rep. Jesli Lapus has a proposal to increase the tax on traders, self-employed individuals and professionals by limiting their tax-deductible costs and expenses.

    Salceda said the income to be realized from the Lapus measure would make up for the revenue loss from a 20-percent tax relief for wage earners.

    "The estimated P15.5 billion proceeds from the Lapus proposal could be used to finance lowering income taxes on salaried individuals," he said.

    In his memorandum to the President, Salceda also reiterated his suggestion to defer the application of the 10-percent value-added tax on electricity and petroleum products like gasoline and diesel until the price of crude oil in the world market falls to about $50 per barrel from the present $60 level.

  2. Join Date
    Oct 2002
    Posts
    14,824
    #2
    "As of now, wage earners contribute P84 billion in withheld income taxes, while businessmen and professionals are chipping in only P16 billion. This is iniquitous. There is a need to shift the burden to the self-employed and professionals," he added.
    Kaya tayo nagkakanda leche2 eh dahil sa mga ito... Kung sino ang malaki ang kita eh yun ang ayaw magbayad ng tamang tax.

    BTTT, maganda yung proposal ni Salceda... gawing "token" tax na lang ang income tax . and to boot... baka magbayad na rin sa wakas yung ibang hindi nagbabayad kung liliitan nila ang income tax. then bawi naman sa EVAT yun.

  3. Join Date
    Nov 2002
    Posts
    1,465
    #3
    yan ang congressman!

  4. Join Date
    Oct 2002
    Posts
    1,761
    #4
    kelan kaya?

  5. Join Date
    May 2005
    Posts
    306
    #5
    Quote Originally Posted by mazdamazda
    Kaya tayo nagkakanda leche2 eh dahil sa mga ito... Kung sino ang malaki ang kita eh yun ang ayaw magbayad ng tamang tax.

    BTTT, maganda yung proposal ni Salceda... gawing "token" tax na lang ang income tax . and to boot... baka magbayad na rin sa wakas yung ibang hindi nagbabayad kung liliitan nila ang income tax. then bawi naman sa EVAT yun.

  6. Join Date
    Oct 2002
    Posts
    13,415
    #6
    kung natuloy yan tax free kami ni woulfe hehe...

  7. Join Date
    Jul 2005
    Posts
    722
    #7
    sana matuloy na agad yan... para naman makabawas pahirap...

    at para bumango naman si GMA??

  8. Join Date
    Dec 2004
    Posts
    1,310
    #8
    People paying less taxes = Less revenue. or is it?

    Seems like a paradox, but look at it this way:

    People get more money = People buy more goods = People pay more taxes.

  9. Join Date
    Jul 2005
    Posts
    494
    #9
    Quote Originally Posted by Alpha_One
    People paying less taxes = Less revenue. or is it?

    Seems like a paradox, but look at it this way:

    People get more money = People buy more goods = People pay more taxes.
    Not true in all cases, but from the the experiences of other countries lower tax rates = higher revenues. Why? Lower tax lessens incentive to cheat and also broadens the tax base (or more people pay taxes)

    Your second equation is akin to the supply side economics espoused by Ronald Reagan's economic team back in the early 80's. But it's not just from buying more goods that taxes are increased but from the fact that financial resources in the hand of the business sectors tend to be more efficiently used. Lalo na dito ilagay mo pera sa kamay ng gobyerno mga 10 -20 % na lang ang actual na napupunta sa public goods and services.

  10. Join Date
    Jan 2005
    Posts
    80
    #10
    bawasan na rin sana ang sobrang mangurakot sa bayan!!

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20-percent tax cut for salaried workers proposed