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We should lower our taxes! Lets support Sen Bil 2149!

mjtfernandez · 45 · 10653

wilch23

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Reply #15 on: May 15, 2017, 03:25 PM
Hmmm ... may kapalit ... Tax on Diesel and sugary drinks?


angeljme

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Reply #16 on: May 15, 2017, 03:33 PM
Bakit kaya gas tax, eh ang laki ng impact nito sa lahat... parang VAT


wilch23

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Reply #17 on: May 15, 2017, 05:11 PM
Kasi walang excise tax ngayon sa diesel.
This is supposed to help the poor pero as can be seen in plain sight, all the rich people are taking advantage of this.
Furthermore, diesel is still considered dirtier than gasoline so why encourage its use.


wilch23

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Reply #18 on: May 31, 2017, 12:07 PM
Akala ko the tax reform is to unburden us from excessive taxes, bakit ang kanta ng DOF at HOR ngayon ay raise money for infra?


FutureGizmo

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Reply #19 on: May 31, 2017, 10:44 PM
"Build, build, build" daw kaya kelangan ng pera for infrastructure which can only come from the collection of higher taxes. Although China has promised to give loans, those are still loans which have to be paid sometime in the future which again can only come from taxes collected from Filipinos. NEDA Secretary even said the "Build, Build, Build" promise can only materialize if the higher taxation is approved.

The House has approved its version of the bill today. Excerpts:

1. Additional P6.00 tax on diesel, kerosene, cooking gas, and bunker oil would be spread over three years: an initial P3 next year, an additional P2 on Jan. 1, 2019 and an additional P1 on Jan. 1, 2020.

2. Taxes on gasoline and other oil products, including greases, waxes, asphalt, and aviation fuel, would go up to P8, P9 and P10 per liter or kilogram.

3. Tax exemption will be lifted on a range of services, including money remittances, and on lottery winnings, which means these will now be taxed 12% VAT.

4. Increase in the amount of tax-free bonuses from P82,000 to P100,000

5. Retention of the value-added tax exemption for cooperatives.

6. Exemption for workers with annual incomes of up to P250,000, plus bonuses of up to P100,000, from taxation. The other tax rates are 20 percent of the excess over P250,000 for earnings ranging from P250,000 to P400,000, P30,000 plus 25 percent of the amount exceeding P400,000 for income from P400,000 to P800,000, P130,000 plus 30 percent of the excess over P800,000 for earnings from P800,000 to P2 million, P490,000 plus 32 percent of the amount exceeding P2 million for income from P2 million to P5 million, and P1.450 million plus 35 percent of the excess over P5 million for earnings above P5 million. The higher individual income tax rate at present is 32 percent, which is applied on earnings above P500,000.

Source: https://www.facebook.com/pinoymoneytalk/

I've yet to confirm it but Philippine Star says remittances will now be charged 12% VAT. Oh well, good luck to us  :duh:


wilch23

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Reply #20 on: Jun 01, 2017, 02:03 PM
Bakit remittance?
Tatamaan pati padala lang ng pera na hindi naman income.

Buti pa rin OFW, exempted from income tax


angeljme

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Reply #21 on: Jun 01, 2017, 05:07 PM
Kawawa ang family ng OFW, since 12% agad ang bawas sa remittance sa kanila, tapos mataas ang bibilhin nilang bilihin.  Karamihan pa naman ng OFW family, walang trabaho yung isang asawa na naiiwan.

Ibig sabihin, ni wala silang mararamdaman na benefit para sa kanila ng tax reform na ito.  Puro pasakit lang.

Kung ang asawa naman na naiwan ay nagtatrabaho na minimum wage earner lang din, wala pa rin benefit sa kanya.  Dahil sa ngayon, talaga namang tax-exempt na ang minimum wage earner.

In the end, mababawasan lang ang take home pay nila, tapos tataas pa ang mga bibilhin nila.


wilch23

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Reply #22 on: Jun 01, 2017, 05:26 PM
Lalo na kung below 20,000 pesos per month lang sweldo ni OFW.
Meron bang ganyan kababang bigay sa OFW?


wilch23

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Reply #23 on: Jun 06, 2017, 10:38 AM
Swerte pala mga casinos, SC just declared that they be taxed ONLY at 5% gross for income derived from any gaming (aka gambling) activity.


wilch23

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Reply #24 on: Jun 06, 2017, 10:39 AM
Pwede ba amend yan charter ng PAGCOR?
Or is it now a govt policy to promote gambling businesses?


wilch23

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Reply #25 on: Jun 06, 2017, 10:40 AM
Hindi rin under ng BFP ang nga casinos.
Swerte talaga nila.


wilch23

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Reply #26 on: Jun 07, 2017, 08:45 AM
Aside from new tax (lower) rates for amended income (inflation adjusted) brackets and increase fuel taxes, what else is in the new tax bill?
HOR has passed it already.


mismo888

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Reply #27 on: Jun 07, 2017, 10:15 AM
break even lang mawawalan tax yung low income earner mapupunta naman sa matataas na bilihin. yung mga nakakaahon na at nakapag ipon na para sa pambili ng sasakyan mahihirapan na bumili need ipon pa more dahil doon babawiin yung mga di nacollekta.


angeljme

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Reply #28 on: Jun 07, 2017, 10:59 AM
Lalo na kung below 20,000 pesos per month lang sweldo ni OFW.
Meron bang ganyan kababang bigay sa OFW?

sadly, yes. DH in HK & SG are earning only 16k a month...


wilch23

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Reply #29 on: Jun 07, 2017, 09:19 PM
Anyways, akala ko etong tax reform ay para guminhawa tayo mga workers, yun pala fund raising?!


 


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