CLEAN AIR
POTABLE WATER. They have to pay extra for bottled water at an average of P50 per 5 gallons.
BETTER ROAD SYSTEMS and LESS TRAFFIC CONGESTION so they can go to work with less stress.
BETTER LEADERS because in a democratic society everyone has the right to vote. Most of those who vote don't pay taxes so they don't care who handles the tax money --- whether it is pocketed and misused.
Below are the articles that I collected.
The injustice is manifest. Worse, because the tax brackets do not have provisions for indexation or automatic adjustment every few years, at some point in the near future, even new employees will fall into this highest bracket.
This is the phenomenon called “bracket creep,” which Asian Institute of Management Prof. Ronald Mendoza explained as the situation where taxpayers who are not considered high-earning are already pushed into high tax brackets.
Mendoza said that at some point, bracket creep would lead to “fiscal drag” where people will not have any purchasing power left to contribute to the economy due to excessive taxation.
Leaving our current system untouched diminishes its progressive bent as more individual taxpayers—notably at the higher end of the income spectrum—are pushed into the same bracket as the richest taxpayers in the country.
Read more: http://opinion.inquirer.net/77762/overtaxing-working-middle-classes#ixzz3DXAvFBOm
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Asked how this affects the young people, the personable senator (Angara) replied, “Under the current system, a mid-level manager with gross income of P60,000 is taxed at the highest 32 percent, which is the same rate imposed on the CEO of the company the mid-level manager works for. Such situations underline just how unfair our tax system can be—making it important that we update, reform and transform it. |
Philippine Tax Law Research