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The future of the Philippine economy will depend on one important question:
Will we continue overtaxing workers while allowing inefficiency, loopholes, corruption, and weak enforcement to drain national resources?
Or will we finally build a fair, modern, and globally competitive tax system that empowers Filipinos and restores public trust?
Our proposal is clear:
Increase the income tax exemption threshold from ₱250,000 under the TRAIN Law to:
▪️ ₱400,000 by 2026
▪️ ₱800,000 by 2027
▪️ ₱1 Million tax-free income by 2028
This is not merely tax relief.
It is an investment in the Filipino middle class—the backbone of our economy.
From education and healthcare to housing, entrepreneurship, and savings, more take-home pay means stronger families, stronger businesses, stronger consumption, and ultimately, a stronger nation.
Yet today, compensation income earners contribute the overwhelming majority of personal income tax collections through the withholding tax system, while many wealthy individuals, political dynasties, illicit financial flows, and large-scale tax leakages continue to undermine fairness and accountability.
to be continued…
Boy Abunda DJ ChaCha Bea Binene Marian Rivera Ivana Alawi Anne Curtis Angel Locsin Vice Ganda
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