Ok, ok.. The government levies taxes on everyone, everything and anything. So what's the point in complaining, huh. =) The best that we can do is file our taxes and pay our dues on time.
But the question is, why does the government levy taxes on us?
The answer to that question is simple. Taxation is the lifeblood of the country. It simply is the means for the government to earn and spend for the expenses of the country, i.e. infrastructures, job creation, etc. But why pay taxes when we definitely know that not all of it is being used for the greater good of the country? First, because you are liable for your own taxes and second, that is just one simple way to give back to your homeland.
Isn't it nice to know that you have done your part in making the Philippines a greater country for the next generations to come? =)
In my next blogs, I will be writing about the things that you can do to lessen your taxes using tax deductions and legal tax avoidance. Hope this will help you in filing your income taxes on or before April 15 of this year.
Thanks for reading! =)
