What Do You Want Now?

[RandMcnally]

I think they are thinking of removing the optional standard deductions with the new tax rate but since it is still an HB, no info yet. I am wondering though regarding tax jumps. Currently, we have the "in excess of" stipulation in the tax rates to protect from tax jumps. It looks like they are removing it to make it simpler. The only consequence is if you are in the border, if you get an increase that will bump your annual salary from 500k to 510k, you will end up losing 30k approx without the "in excess of" clause. It would suck for a few folks but for the rest, this is fine. Just wondering as well why the range of 500k to 10m, why not at least include a 500k to 2m with 12% tax, then tax jumps is not so big deal. But. I am not complaining.

There was a study last year made by upd econ prof about this, when implemented and remove the standard deductions, the government will earn more money without counting the % of tax evaders that will be enticed to pay when offered a lower tax rate

[Luap]

Too bad boys, abnoy just threw this bill in the garbage!

[shadow]

Too bad boys, abnoy just threw this bill in the garbage!

Where's the link? How can he threw it out, hinde naman siya ang gumagawa ng batas?

[Luap]

He needs to sign it right? Just heard from an AM station this morning

[Luap]

Gov’t rejects income tax cut

[Luap]

Mali dinig ko hehehe. Wala pa pala ayaw na ni Purisima

[RandMcnally]

Too bad boys, abnoy just threw this bill in the garbage!

Sigurado na ba yan o kathang isip mo lang?

Sa huli kong balita, nasa technical working group pa lang ng house commitee to ah. Wala pa nga sa second reading sa house. Mag confirm o veto lang ang presidente pag nakalagpas na ng senado sa pagkakaalam ko. Malayo layo pa yung HB na to di ko alam kung may nagbago. Baka nabasura sa house pwede pero malabo naman mabasura ng presidente yan kasi hindi yan ang legislative process.

Kung totoo nga nabasura na to, that sucks.

[RandMcnally]

Ahhh si purisima, malayo pa labanan, pwede pa yan

[Luap]

Yes, may laban pa!

[dreamur]

It will never fly. The annual budget keeps increasing and if they reduce income tax rates, where are they going to generate additional revenue to recover the cut? Increase VAT to 15%? Customs or PAGCOR?

[CVT]

It will never fly. The annual budget keeps increasing and if they reduce income tax rates, where are they going to generate additional revenue to recover the cut? Increase VAT to 15%? Customs or PAGCOR?

Bro., kaya ang mga nasa ROHQ/RHQ diyan sa tabi-tabi......pasipul-sipol lang...

Habang sabay ang pagsambit ng "Sige,- manginig kayong lahat...."

Hay naku!


"The measure of a man is what he does with power" LJIOHF!

27.5K _/_/_/_/_/:tomato:_/_/_/_/_/

[dreamur]

Bro., kaya ang mga nasa ROHQ/RHQ diyan sa tabi-tabi......pasipul-sipol lang...

Habang sabay ang pagsambit ng "Sige,- manginig kayong lahat...."

Hay naku!


"The measure of a man is what he does with power" LJIOHF!

27.5K _/_/_/_/_/:tomato:_/_/_/_/_/

Hehe...hindi ako yan bro... taga "C" yan dugo at pawis binigay ko sa gobyerno sa 32% na tax ko. Milyonaryo na sana ako ngayon kung wala lang tax.

[kimbon]

Hehe...hindi ako yan bro... taga "C" yan dugo at pawis binigay ko sa gobyerno sa 32% na tax ko. Milyonaryo na sana ako ngayon kung wala lang tax.

LOL. I can attest to that employees work in multi-national company pays their tax dues straight as arrow. ang medyo pasaway magbayad ng tamang tax ay negosyante... oops bato-bato sa langit.... bwahahaha.

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Hehe...hindi ako yan bro... taga "C" yan dugo at pawis binigay ko sa gobyerno sa 32% na tax ko. Milyonaryo na sana ako ngayon kung wala lang tax.

LOL. I can attest to that employees work in multi-national company pays their tax dues straight as arrow. ang medyo pasaway magbayad ng tamang tax ay negosyante... oops bato-bato sa langit.... bwahahaha.

[CVT]

Hehe...hindi ako yan bro... taga "C" yan dugo at pawis binigay ko sa gobyerno sa 32% na tax ko. Milyonaryo na sana ako ngayon kung wala lang tax.

Yes bro. The taxing income tax rate of 32%.. The "other side of the alphabet" is not immuned bro.

And the oppressive evat of 12% passed on to us consumers, on an already (32%) taxed money.

LOL. I can attest to that employees work in multi-national company pays their tax dues straight as arrow. ang medyo pasaway magbayad ng tamang tax ay negosyante... oops bato-bato sa langit.... bwahahaha.

Yes bro. Even before we receive the salary... "She's gone! (I never learned how to face it)"

Isama mo na rin ang mga professionals bro... Batu-bato sa langit too...

[wowiesy]

so what happens to the 40 % flat rate?

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so what happens to the 40 % flat rate?

osd ata yan 40% na yan...standard deduction fr your gross income so that you dont have to substantiate your itemized deductions...

[wowiesy]

Too bad boys, abnoy just threw this bill in the garbage!

laking sugal kasi yan e... all studies made are based on assumptions and projections which may be too far off...

while yung historical is already a given... tapos 3t ba budget next year... hindi talaga nila babayaan maging batas yan. since whatever savings they have they will use politically ala DAP..

[wowiesy]

Gov’t rejects income tax cut

pagbigyan mo na si quimbo... election year next year... campaign strategy lang to.. iingay sa media na sya nag draft.. trina trabaho.. sa dulo babarilin ng executive... pogi sya.. in aid of re election...

tagal nila sa posisyon now lang nila pinasok yan?

[_Cathy_]

Public Agent's fault! I am dying to go to Hungary and Tschechien!

[cast_no_shadow]

A haircut. Badly.

[anonemus]

A loooonnggg road trip!