2018 Revised Tax Table based on TRAIN

A good beginning for 2018 that will have more benefit on all employees earning P20,000 and less is the revised withholding tax table based on the TRAIN which Digong signed before 2017 ended. I said "more" because they will not have anymore taxes, but still it benefits ALL employees. Tax rates and prescribed minimum withholding tax were lowered while the compensation level were increased.

As I was recomputing our employees' 2018 annual compensation withholding taxes, I see a significant increase in their salaries. The range was like P3000-P8000 increase in their take home pay. For some it could cover already their electricity bill, water bill and even groceries.

I want to thank whoever authored this bill, but sad to say there is a consequence on this reform. We may have increased net pay but the government will just have to divert taxes from compensation to consumer taxes like excise taxes. This would mean higher costs of items in the groceries, higher gas price which could lead to an increase in transportation fare.

But hey, I am still thankful for the increased net pay. I will just have to find a way to lessen our overhead expenses at home so that I could fully enjoy the benefits of TRAIN. For your reference please be guided by the 2018 revised tax table below:

Lazada helped me cope with my Christmas Gifts shopping

Hi Guys! It' 2018 and a new year once again. I feel happy ever since I came back from our trip to Japan. Happiness has never left me since then. I've learned to let go of things I can't control, people  I can't please, situations I can't change. I have learned to accept my emotions and cope up with it. Anyway, lumalayo na tayo sa totoong kwento ko.

Alam nio ba, I wasn't stressed out at all nitong nakaraang Christmas. Why? Because I limit myself in going to the mall. I spared myself from falling in long lines just to pay for my purchases. How? I shopped most of my gifts through Lazada.

I shopped on December 12, 2017, during the last day of their 12.12 sale and got the following items:

P199

P135

P170

P350

I know, puros pang kotse, kasi naman boys with car and recipient ng mga gifts na yan. Decent enough for the prices I paid but very usable naman. Not the type na pag natanggap mo e you would just put it aside and forget about it na. Magagamit at magagamit lalo na for travel. At yung cologne, mabango naman, di naman nakakahilo ang amoy. O diba, nag mall man ako, but saglit na saglit lang. Tipong opening hours, wala pa tao at sa mall pa na konti lang ang tao. Less stress for me. Hahaha.