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The rich(top 20 percent of wage and income earners) i think but I'm not sure im taking the quiz right now XD

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13y ago

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Signed the tax reform act of 1986?

President Ronald Reagan


Value-Added Tax - VAT history in the Philippines?

The VAT was first introduced in the Philippines in 1988, and replaced various indirect taxes such as the annual fixed tax, original sales tax on manufacturers and producers, and more. It has been revised 4 times, in 1996, 1997, 1998, and 2005, to expand its coverage and replacement of indirect taxes, improve the system, and reform the tax system in general. In 2005, the Supreme Court ruled the VAT system was constitutional.


Is there a sound tax system in the Philippines?

The tax system in the Philippines has been subject to criticism for its complexity and inefficiencies. While the government has made efforts to reform the system, including the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law, challenges such as tax evasion, low compliance rates, and a narrow tax base persist. Additionally, the reliance on indirect taxes disproportionately affects lower-income households. Overall, while there are positive steps towards improvement, significant issues remain that hinder the effectiveness of the tax system.


Can a wife be held responsible for husbands tax bill?

In most cases the government will hold them accountable. They believe that the wife benefited from the taxed income/property. Consult a good attorney for help.


What is fica tax and when did they start deducting that tax from csrs system?

My wife worked for the government under CSRS retirement system (and they took FICA tax out) for 21 or 22 years (1976 to 1997) and than resigned, will she be qualify for medicare when she is 65 years old?