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What Financial Bill Would You Propose??

phreyesj23 · 23 · 5414

phreyesj23

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on: Sep 05, 2014, 02:52 PM
Kung may ipo-propose o ipapasa ka na *isang* "Financial Bil" para sa Pilipinas/Pinoy, anong batas 'yon?  :duh:

PS: Dapat in-line with uplifting the financial awareness / IQ of the people...

Will you force people to save/invest?  :watchuthink:

Propose your bills now money law makers!  :hihi:

 :thankyou:
« Last Edit: Sep 05, 2014, 02:54 PM by phreyesj23 »


Dong_Nguyen

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Reply #1 on: Sep 05, 2014, 05:34 PM
Dapat may Financial Literacy 101 na subject sa lahat ng college university.


bauer

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Reply #2 on: Sep 06, 2014, 11:45 AM
Financial bill?

Simplify the income tax code of the Philippines.

It will encourage compliance among the citizens and it will remove corruption in BIR.

If the taxpayer and collector both understands what they are paying and collecting, the government will get more revenue to finance social services.


phreyesj23

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Reply #3 on: Sep 07, 2014, 03:38 PM
Dapat may Financial Literacy 101 na subject sa lahat ng college university.

agree  :D


phreyesj23

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Reply #4 on: Sep 07, 2014, 03:40 PM
Financial bill?

Simplify the income tax code of the Philippines.

It will encourage compliance among the citizens and it will remove corruption in BIR.

If the taxpayer and collector both understands what they are paying and collecting, the government will get more revenue to finance social services.

makes much more sense  :rakenrol:

thanks for your bill  :cool2:


Jayumaster

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Reply #5 on: Sep 15, 2014, 02:06 PM
I would propose the removal of coins below one peso from the circulation. Kasama parin sila sa computation and accounting pero wala ng physical coins. Malaki rin kasi effect nito sa economy lalo na't dina sila pinapansin.


ferrariEverest

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Reply #6 on: Sep 15, 2014, 05:08 PM
Financial bill?

Simplify the income tax code of the Philippines.

It will encourage compliance among the citizens and it will remove corruption in BIR.

If the taxpayer and collector both understands what they are paying and collecting, the government will get more revenue to finance social services.
Simplify the payment process as well. Simplify all government processes for that matter.

Another possible financial bill is to create a mandatory academic subject: Personal Finance. Mag-umpisa sa Grade 1.


Jayumaster

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Reply #7 on: Sep 16, 2014, 06:55 AM
I don't know what to call it. Pero it is good to strengthen the economy by allowing the citizens to invest their money in money-making projects like infrastructure and energy. Ibalik ang Government owned Corporations pero imbes na gamitin ang taxes or gamitin ang pondo mula sa mga Government Securities, dapat gawing Private-Public Partnership (na local ang public at hindi dayuhan.) Imagine tollways, dams, power plants, atbp na mga public Pinoys ang mayari. Magkaroon ng mga Corporations sa PSE na even mga mahihirap ay may share at kumikita ng dividends. Encourage and educate Pinoys into investing into their own Government, kaysa umutang.


ikaela

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Reply #8 on: Sep 16, 2014, 11:27 AM
- Non-tax-paying squatters cannot vote
- Reconfigure income tax laws or abolish tax on income altogether
- Reconfigure estate tax laws so that it truly does distribute the wealth and does not punish people for saving (right now, we're taxing dead people with at least 200,000 in assets, which is worth what? A used jeepney?)
- Basically make it easier to do business in the Philippines for both locals and foreigners
« Last Edit: Jul 12, 2015, 02:40 PM by ikaela »


Jayumaster

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Reply #9 on: Sep 16, 2014, 11:32 PM
Remove taxes on interest gained on savings, TD and other investment banking accounts. Kinakain na nga ng inflation ang pera mo, bubuwisan pa? At least kahit sa mga accounts ng primaries muna. (natural persons)


phreyesj23

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Reply #10 on: Sep 17, 2014, 08:19 AM
Simplify the payment process as well. Simplify all government processes for that matter.

Another possible financial bill is to create a mandatory academic subject: Personal Finance. Mag-umpisa sa Grade 1.

Haha. nice one.  :applause: naalala ko tuloy math problem pag Elem...

What is asked?
What is given?
What operation is to be used?
Answer  :hihi:

Para pag may personal finance na subject na;

What's your investment objective?
How much is your capital/money?
What options do you have?
Answer  :rakenrol:


phreyesj23

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Reply #11 on: Sep 17, 2014, 08:22 AM
- Non-tax-paying squatters cannot vote
- Reconfigure income tax laws or abolish tax on income altogether
- Reconfigure estate tax laws so that it truly does distribute the wealth and does not punish people for saving (right now, we're taxing dead people with at least 200,000 in assets, which is worth what? A jeepney and a small barong-barong house?)
- Basically make it easier to do business in the Philippines for both locals and foreigners

- Non-tax-paying squatters cannot vote Sen. Miriam, is that u?   :applause:
- Reconfigure income tax laws or abolish tax on income altogether tama, dpat simplified tax system talaga. nabasa ata 'to ng isang senador may pinpush sya ngayon.  :hihi:

 :thankyou:


phreyesj23

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Reply #12 on: Sep 17, 2014, 08:24 AM
Remove taxes on interest gained on savings, TD and other investment banking accounts. Kinakain na nga ng inflation ang pera mo, bubuwisan pa? At least kahit sa mga accounts ng primaries muna. (natural persons)

Nice bill,Sir!

Kaso balistad ang nangyayari ngayon. BIR implemented a new rule na kailangan mo ideclare ang lahat ng income/investments mo pati face amount ng insurance, mutual funds, TD, savings. hehee. push natin 'to sa congress!


phreyesj23

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Reply #13 on: Sep 17, 2014, 08:29 AM
Isa sa naiisip kong bill is i-align ang *mandatory* contribution. Ok 'yung SSS. Pero dapat mag-add ng private entity kung saan option ng empleyado kung san nya gusto i-invest ang mandatory contribution nia para sa investment/ retirement nya.

1. Gaganda serbisyo ng SSS since may ka-kompetensya na sila.
2. Di ganun kahirap ang retirement ng mga pinoy dahil mas maganda ang management ng funds nya at dahil nga sa mandatory ang contribution nia,
para na ring sinabi na mandatory nya kailangan mag-invest para sa future nia.
3 Pwede rin naman may option si empleyado, example 25% ng contribution nya ay kay SSS, tapos ung 25% ay kay AAA tapos ung 50% ay kay BBB. para diversified  :watchuthink:


bauer

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Reply #14 on: Sep 17, 2014, 11:40 AM
- Non-tax-paying squatters cannot vote
 

^ This is a misnomer.  All of us pay taxes whether rich or poor.

There are rich people that do not pay income tax as well as poor people.

No one escapes the dragnet of the government when it comes to taxes.


 


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