Okay, I don't claim that this could be the right answer but this is just a hunch -- I'm just putting some common sense observations with basic economics to come up with this hypothesis. Why do these groups hate the new tax laws? The new law focuses on lowering income taxes. According to these economically illiterate bozos -- the poor will suffer under the TRAIN law . But let's consider the changes that can be seen in this new tax table... Let's do a comparison of the old tax law vs. the new tax law for the income tax of PHP 250,000.00. In the old tax system, you really had to pay the following: PHP 22,500 + (0.25)(PHP 250,000 - PHP 140,000) = PHP 50,000 However, under the new law, you get to be tax exempt if your annual income is PHP 250,000.00 and below and below. More taxes are applied on stuff like gasoline (though this may require further study), vehicles (to avoid too much traffic), sugar and cosmetic surgeries. This has my mind boggling why complain about...
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