Pinas Pulpolitika

[perfectstranger]

yes, that's exactly what i mentioned. i don't think it's the right move considering there are no new alternatives. could have been justified if we have nuclear energy and better mass transport system in place.

[tk421]

I guess they need more money to swindle from these bbb projects...

[tk421]

So... next January 2018

Diesel will rise by P2.50, Gas at 2.65, LPG at 1.00

 

Is this a taste of how TRAIN will affect our economy?

[haroots2]

I don't think the law will take effect that fast. Ang alam ko kailangan pa ng implementing guidelines since magbabago rin ng tax table.

Hopefully all the added funds that will get from this new law will be maximized to build long term projects.

If your salary is around 15k per month you will save roughly more than 1k a month from taxes.

[tk421]

I know its not a direct consequence of TRAIN. But as I asked could the trend be like that?

 

And if it is, then this price increase in fuel alone (for example lang), would be around 7.5% agad nun 1,000 that you get to take home...

Edited December 19, 2017 by tk421

[rooster69ph]

I don't think the law will take effect that fast. Ang alam ko kailangan pa ng implementing guidelines since magbabago rin ng tax table.

Hopefully all the added funds that will get from this new law will be maximized to build long term projects.

If your salary is around 15k per month you will save roughly more than 1k a month from taxes.

You have to read up ... Yun bagong tax table na nga susundin anong irr pa hinahanap mo?

 

Effective 01/01/18 na yan and remember filing of 2018 itr won't be due until april 2019

Edited December 19, 2017 by rooster69ph

[perfectstranger]

you get more money to spend. that's enough for most since they can only see what's in front of them. pag ramdam na nila ang inflation kamot ulo na lang.

 

generally i think it's a step towards the right direction. the only thing i don't agree with is the additional tax on petroleum products, especially gasoline.

[tk421]

While it's a step forward in the right direction, it also has dire consequences: we're basically now taxing the poor so that the rich can take home more money.

[Bolj]

Ang ganda talaga ng mga assessment ng mga economist dito. Post naman kayu nga mas ok na solusyon.

[perfectstranger]

the solution to what? lower tax or a system that will favor the poor (and middle class)? because it seems our government can't or doesn't want us to have both. giving out free hospitalization, education, etc. as well as increasing wages of policemen and public school teachers all have to be funded by taxes.

 

like i said, TRAIN is generally good but taxing petroleum products will cause price increase of basic goods/services and will result to a domino effect. that's the most glaring mistake (in my opinion) when it comes to this tax reform package. people will believe that they have greater spending power with more money on hand, but will later find out that price increase will just eat up the extra cash they thought they have.

 

there is no solution at this point as it's already signed by the president. this is a discourse on TRAIN's flaws and merits. ypu are free to share your thoughts.

 

one does not have to be an economist to perform a simple economic analysis. similarly, one doesn't have to be a scientist to know science or apply the scientific method. in many cases, plain common sense will suffice.

[rooster69ph]

Imho passing additional tax measures is an easy way to cover for the gov'ernment's inefficiency in collecting taxes.

 

Magkano ba ang di nakokolekta sa smugling? Magkano ba ang di nakokolekta dahil sa under declared revenues ng mga kumpanya?

Kahit na yun mga empleyado kawaawa ang maliliit kasi they are taxed accordingly. In some companies yun mga mas nakatataas ang posisyon part of their compensation is booked as allowance or representation para hindi maging taxable.

[Bolj]

the solution to what? lower tax or a system that will favor the poor (and middle class)? because it seems our government can't or doesn't want us to have both. giving out free hospitalization, education, etc. as well as increasing wages of policemen and public school teachers all have to be funded by taxes.

like i said, TRAIN is generally good but taxing petroleum products will cause price increase of basic goods/services and will result to a domino effect. that's the most glaring mistake (in my opinion) when it comes to this tax reform package. people will believe that they have greater spending power with more money on hand, but will later find out that price increase will just eat up the extra cash they thought they have.

there is no solution at this point as it's already signed by the president. this is a discourse on TRAIN's flaws and merits. ypu are free to share your thoughts.

one does not have to be an economist to perform a simple economic analysis. similarly, one doesn't have to be a scientist to know science or apply the scientific method. in many cases, plain common sense will suffice.

Providing a better system with greatly be appreciated, what do you have in mind?

[perfectstranger]

i already mentioned not to add tax on petroleum products repeatedly. that's the easiest way to minimize inflation. but that's exactly what's included in TRAIN so there isn't much we can do for now.

 

better system is good. let's say the government succeeds in improving tax collection, hospitals, public transportation, etc. such will benefit all but it can't really reverse or offset inflation due to TRAIN. even lowering VAT or allowing nuclear power production will be beneficial to all regardless of income level so it's not specific to the poor, but could help nonetheless.

 

the best way is to generate programs focusing on the poor. adding free or subsidized training programs for small businesses such as agriculture should be good. the strategy i recommend is prioritizing the poor. help them find ways to improve their lives.

 

another step is to overhaul our education system so that our future generations will become better citizens and leaders. they should be taught how to be entrepreneurial on top of being good in math and sciences. we are seeing quite a lot of this recently in high school and college with competitions and hackathons, but we need to have children start from an earlier age. with great products and businesses, more jobs can be generated.

 

these are what i could think of in 10 minutes. no shortcut or bandaid solutions. if only the government can overturn its decision and remove petroleum from TRAIN, but it's impossible to hope for such scenario. if someone is thinking of across the board wage increase, it's not a solution because it will also cause rise in commodity prices.

 

care to share your suggestions?

Edited December 21, 2017 by perfectstranger

[tk421]

Or better utilization of taxes.

 

They keep asking for more taxes, but most of time, a percentage of the money meant for projects end up in politician's pockets instead.

[Bolj]

the best way is to generate programs focusing on the poor. adding free or subsidized training programs for small businesses such as agriculture should be good. the strategy i recommend is prioritizing the poor. help them find ways to improve their lives.

another step is to overhaul our education system so that our future generations will become better citizens and leaders. they should be taught how to be entrepreneurial on top of being good in math and sciences. we are seeing quite a lot of this recently in high school and college with competitions and hackathons, but we need to have children start from an earlier age. with great products and businesses, more jobs can be generated.

 

Thats a very good suggestion on introducing entrepreneurial business, government should promote it. They should provide a more friendly and good informative programs for people how to start your own business and such.