TRAIN Tax Law thread

[StockEngine]

The state of the peso has never been weaker....




Train 2 should be scrapped — Recto - The Manila Times Online

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[benchph1]

Not just train2 but the whole law should be..


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[shadow]

Not just train2 but the whole law should be..


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I think the whole current admin should be abolished and scrapped para mas maganda. [emoji23]


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[dr. d]

i'm not an economist, but
the claim is that the current situation is not due to the train, but to other conditions.
that may or may not be. but the fact is, lifting the tren will help the situation.
it's not about what caused it. it's about what can be done to alleviate it.
why can't our decision-makers see the logic?
am i missing something?

[Lew_Alcindor]

i'm not an economist, but
the claim is that the current situation is not due to the train, but to other conditions.
that may or may not be. but the fact is, lifting the tren will help the situation.
it's not about what caused it. it's about what can be done to alleviate it.
why can't our decision-makers see the logic?
am i missing something?

Lifting the TRAIN Law means bringing back the income tax for those earning below 250,000 per year (roughly 20,000 per month). And a bunch of other ridiculous tax procedures that our old taxation laws contains (inheritance, donations, etc).

IMO, the TRAIN Law has an effect on the rising prices of goods but rising oil prices in the world market compounded the problem. And the strategy of this government is not to alleviate the problem but to divert our attention to other issues tsk tsk tsk

[dr. d]

Lifting the TRAIN Law means bringing back the income tax for those earning below 250,000 per year (roughly 20,000 per month). And a bunch of other ridiculous tax procedures that our old taxation laws contains (inheritance, donations, etc).

IMO, the TRAIN Law has an effect on the rising prices of goods but rising oil prices in the world market compounded the problem. And the strategy of this government is not to alleviate the problem but to divert our attention to other issues tsk tsk tsk

sabi nga ng isa,
tumaas nga ang take home pay ko.
but natalo pa rin siya ng mataas na presyo ng bads... errr... goods.

[SidCoronel]

i'm not an economist, but
the claim is that the current situation is not due to the train, but to other conditions.
that may or may not be. but the fact is, lifting the tren will help the situation.
it's not about what caused it. it's about what can be done to alleviate it.
why can't our decision-makers see the logic?
am i missing something?

Decisions are always multi factorial, in this case the two majors are a) Political b) Economics

Economics wise, additional tax is additional expense for us, additional revenues for the government. It's now turning up to be more burden than help.

Politically, they are having a hard time swallowing their pride, that they made a mistake, at least in it's timing.

Dr. D, it's very hard for someone to face the problem if the problem is their face.

[ice15]

Looking at the Key Provisions of TRAIN 1

Sana may nakaisip na hindi na sinama yung additional tax sa LPG, Diesel, Petrol, Bunker and Aviation...

[SidCoronel]

i'm not an economist, but
the claim is that the current situation is not due to the train, but to other conditions.
that may or may not be. but the fact is, lifting the tren will help the situation.
it's not about what caused it. it's about what can be done to alleviate it.
why can't our decision-makers see the logic?
am i missing something?

Decisions are always multi factorial, in this case the two majors are a) Political b) Economics

Economics wise, additional tax is additional expense for us, additional revenues for the government. It's now turning up to be more burden than help.

Politically, they are having a hard time swallowing their pride, that they made a mistake, at least in it's timing.

Dr. D, it's very hard for someone to face the problem if the problem is their face.

[uls]

i'm not an economist, but
the claim is that the current situation is not due to the train, but to other conditions.
that may or may not be. but the fact is, lifting the tren will help the situation.
it's not about what caused it. it's about what can be done to alleviate it.
why can't our decision-makers see the logic?
am i missing something?

lifting train1 - balik sa dati ang income tax, bababa presyo ng softdrinks, bababa presyo ng new cars

bababa pump prices by around P3.00


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many businesses not affected by train raised prices when train1 kicked in which contributed to inflation

[jaypee10]

ang mga walang alam ang kawawa..at ang mga nag pasa ng batas na ito ang mangungunini..

bulok na gobyerno..

[SoleusBB]

I think the whole current admin should be abolished and scrapped para mas maganda. [emoji23]

Yung nga balak ata nila di ba? Federalism???

Honestly, you can change to whatever form of government you like, but if the same people are still going to be running it (corrupt politicians, business families who ran for office just to protect their own financial interests, etc.) it will make no difference.

[shadow]

Yung nga balak ata nila di ba? Federalism???

Honestly, you can change to whatever form of government you like, but if the same people are still going to be running it (corrupt politicians, business families who ran for office just to protect their own financial interests, etc.) it will make no difference.

Abolished lahat ng nakaupo not just the system.


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[ice15]

Sorry, magka-iba ba ang "TRAIN 2" and "TRABAHO?"

Speaker Arroyo delivers, passes TRABAHO at House | Philstar

Under TRABAHO, companies operating in the Philippines will pay a lower income tax of 20 percent by 2029 from currently 30 percent. The bill provides a staggered reduction of 2 percent each year beginning 2021.

While corporate income tax rates will go down, firms operating in economic zones will have to deal with less tax incentives. Specifically, TRABAHO aims to cut make tax perks like income tax holidays time-bound, performance-based and targeted on specific industries.

[jvsencio129]

The peso's weakness along with the stock market is not due to train law but the build3x program of the government. It is depleting our dollar reserves thus lowering the value of our peso and higher inflation. The gov't need to slow down for a little while and not push too much of this build2x program. The other issue that should be considered is to remove or suspend the tax on gasoline and/or diesel fuels.

[ice15]

Income tax breaks await Filipinos in 2023 | Manila Bulletin

But other taxpayers in higher income brackets, except those who are earning more than P8 million, will enjoy lower tax rates ranging from 15 percent to 30 percent by 2023.

Effectively, it decreased the tax rates by five percent for those with taxable income of more than P250,000 up to P2 million, while a two percent reduction in tax rate was noted for those individuals earning of more than P2 million up to P8 million.

[shadow]

It's trump's fault according to duh30


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[dr. d]

It's trump's fault according to duh30


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the radio critic said,
"if that is so, then why do we seem to be the only country in the region, suffering greatly from it?"

[uls]

kung hindi nila implement ang train 2 tanggalin nila ang train 1

sa pagkaalam ko ung train 2 ibababa ang corporate income tax

[shadow]

Tumahimik si angara. Siya ang spokeman ng train dati ah. [emoji23] [emoji109][emoji2533]


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