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Publication Detail
TRJ 1998 Vol X No 1: Impact of the Comprehensive Tax Reform Package on Compensation Income Earners

The paper measures the impact of RA 8424 (Tax Reform Act of 1997) on compensation income earners. The study reveals that the tax rate schedule of 5%-34% for individual income earners under the CTRP is less progressive than the previous 0%-35% tax rate schedule (compensation income) and that of 3%-30% (business income). These changes in the tax rates and the increase in personal and additional exemptions taken together will benefit all compensation income earners in terms of reduced tax burden.

National Tax Research Center
Authors Keywords
National Tax Research Center; tax structure; tax measures; Comprehensive Agrarian Reform Program (CARP); taxation; individual income tax;
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Published in 1998 and available in the NTRC Library or NO PDF AVAILABLE Downloaded 0 times since November 25, 2011
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