10 Tweets That Sum Up How the Internet Feels About the Tax Reform Law
Are you ready for it?
(SPOT.ph) After much debate, President Rodrigo Duterte signed into law the Tax Reform for Acceleration and Inclusion on December 19. This seemed to be great news at first, especially since it lowers the personal income tax of salary earners. But the second component of this new tax system is the increase in excise tax on fuel, cars, tobacco, coal, oil products, sweetened beverages, and cosmetic procedures. We all know how oil and fuel price hike affects the price of daily commodities. Bayan Muna Rep. Carlos Isagani Zarate did say that it will cause a "severe domino effect" and that the "price shock will hit the poor hardest." Now that it's being fully implemented, we're already starting to feel its effects despite the government's clarification that the excise tax isn't applicable to old stock of petroleum products.
Ayan na. Naglalabasan na mga tataas ang presyo because of the tax reforms. I’m almost tempted to laugh in glee as others finally get it. I mean kamon, tao lang akong tinawag na gagong nega dati. ????????????— Ethel (@econcepcion) January 3, 2018
Yung excise tax, ramdam na. Yung bawas kaya sa tax ng sweldo maramdaman na this January?— Ria Andal (@riaandal) January 3, 2018
Time to do the math.
P12 proposed minimum fare on jeepneys; P16/km proposed hike on taxis. Bothersome ano? Higher disposable income nga pero doble ang dagdag sa living cost. Hindi pa kasama ang negative effect sa carinderia/sarisari stores due to excise tax on SSBs.— Elijah (@ahoyitseli) January 2, 2018
P12 to stay stuck in traffic. Sure.
LPG at autolpg, may ROLLBACK sana sa January2018 dahil sa pagmura ng contract price sa world market ng estimated P0.60-P0.75/kilo. Pero dahil papatak na ang EXCISE TAX na P1.12/kilo sa household LPG at P2.80/liter sa autolpg, DAGDAG PRESYO pa ang overall impact sa LPG. pic.twitter.com/9DZxzlmZj6— alvin elchico (@alvinelchico) December 30, 2017
So near yet so far.
Even Grab wants a fare hike.
Say hello to 2018— Pat??? ????? (@pbchin12) January 3, 2018
And say goodbye to
20 pesos cornetto
10 pesos rice
.50 cents fishball
unli soda st S&R
2.50 pesos kwek kwek
Iyak nalang excise tax. When crude oil goes ?? almost everything goes ??
New year, new you.
Feel na feel ko ung pag taas ng presyo! Ung 1L coke ko na 20 lang dati ngaun 23 na! Kalowka! Kelan kaya tataas sahod ko?!— amorous (@amorous_ann) January 3, 2018
At least you can stick to your sugar-free diet.
Everything has changed, pati presyo ng coke nag bago na.— Mics (@ittssmicole) January 2, 2018
Everything, except the government. :(