A Gift On Phil. Labor Day at FinGad.com

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Categorie: Fixed Income
Submitted 5 months ago by

Lovephileo , WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER

Many labor days have come and gone fighting for Republic Act 9504, that the income tax exemption of minimum wage earners be put into law, that their earnings would no longer be subjected to witholding tax - at last certified urgent by Malacanang and the House and the Senate as a gift on RP's labor day. President Arroyo lately signed a law ammending the Republic Act 9504 or the National Internal Revenue Code of 1997 exempting more than a half-million Filipinos from paying income tax and increase the personal exemptions for employees as part of efforts to help the poor from rising food and energy prices. This move would mean the government is giving up about 14 billion pesos (315 million dollars). This loss revenue seems to be a huge sacrifice that needs cooperation by the individual tax payers and corporation to religiously assist the government by paying proper traxes to compensate such loss. New Philippines law gives half a million people income tax relief. Arroyo signs law on tax exemption for minimum wage earners. Tax exempti... More...

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#1 | Liz @ 5 months ago User Rank : 662 Portfoilo Balance: $216,918.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Good news, eh?! This is very beneficial to the low-earning workers, no? As you said, hopefully this is a long term plan, not just a breeze in the summer.
#2 | Lovephileo @ 5 months ago WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER User Rank : 413 Portfoilo Balance: $1,110,169.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Coz im sick and tired of hearing instant news of government's subsidy/programs to pacify our present economic storm yet all was projected on a short-term period just to candy-coat its political image. National election is at hand so far, that's why the poor has all the advantage for the taking//well that's been a part of our culture.im happy at least the poor this time has the choices and voices for the country.
#3 | Liz @ 5 months ago User Rank : 662 Portfoilo Balance: $216,918.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Nation election? Hmmm... no wonder :) but hey, it's better than none, right!?
#4 | Eeexpert @ 4 months ago Transcript Editor, Marketing Officer-podwriter transcriptions, Event organizer, Entrepreneur, owner of memokitchen.com site at memokitchen.com User Rank : 167 Portfoilo Balance: $60,100.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: This is good news!... for just a li'l while. so sad :(
#5 | Liz @ 4 months ago User Rank : 662 Portfoilo Balance: $216,918.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: sometimes you want to be positive but the fact is really holding you back.

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