The Implications of Train Law to the Life of Juan Dela Cruz
The Implications of Train Law to the Life of Juan Dela Cruz Sol Samodio Source: Shutterstock In 2017, the Train Law revolutionized taxation in the Philippines as it was seen to financially empower the people by reducing personal income tax. However, it was also seen in a negative light because of drastically inflating consumer prices due to the increase in custom duties on petroleum products and sweetened beverages. Observation As someone who is only beginning to be enlightened to adulthood, I’ve heard about taxes all my life, but not completely sure why this is something that is integral in our lives. My first introduction to the concept of taxes was during high school, as I was a scholar in a public school. We were taught to value and get the most out of the education we were given as it was funded by our very own taxpayers. It was then I realized that the power of taxes can send people like me to school and fund projects to serve the Filipino people. A relatively recent ...