Republic Act 9504

An Act Amending Sections 22, 24, 34,35, 51 and 79 of Republic Act no. 8424, as amended, otherwise known as The National Internal Revenue Code of 1997

Looking at the stats of this site, I’m sure many are already looking for a copy of the law. I have good and bad news: the good news–I have a copy of the law; the bad–I have a bad copy.

Download: RA-9504 pdf (440kb)

As expected, there were no changes in the progressive tax table. Our lawmakers and our President sure have gained credits for themselves for passing the bill into law. But it only did affect the personal exemptions allowed for most of us taxpayers. Only a part of the taxable income was adjusted, not the whole.

Come to think of it, rice in 1997 was (at the maximum, maybe) P20 per kilo. Now, how much is it? You can answer that question. That’s basically how inflation has gone up since 1997, when the original law (RA 8424) was enacted.

The Hour of Twilight

Twilight

The Hour of Twilight

by George William Russell

WHEN the unquiet hours depart
And far away their tumults cease,
Within the twilight of the heart
We bathe in peace, are stilled with peace.

The fire that slew us through the day
For angry deed or sin of sense
Now is the star and homeward ray
To us who bow in penitence.

We kiss the lips of bygone pain
And find a secret sweet in them:
The thorns once dripped with shadowy rain
Are bright upon each diadem.

Ceases the old pathetic strife,
The struggle with the scarlet sin:
The mad enchanted laugh of life
Tempts not the soul that sees within.

No riotous and fairy song
Allures the prodigals who bow
Within the home of law, and throng
Before the mystic Father now,

Where faces of the elder years,
High souls absolved from grief and sin,
Leaning from out ancestral spheres
Beckon the wounded spirit in.

Photo taken in Taganito, Claver, Surigao del Norte

The Road Not Taken

Two Roads

The Road Not Taken

by Robert Frost

Two roads diverged in a yellow wood,
And sorry I could not travel both
And be one traveler, long I stood
And looked down one as far as I could
To where it bent in the undergrowth.

Then took the other, as just as fair,
And having perhaps the better claim,
Because it was grassy and wanted wear;
Though as for that the passing there
Had worn them really about the same.

And both that morning equally lay
In leaves no step had trodden black.
Oh, I kept the first for another day!
Yet knowing how way leads on to way,
I doubted if I should ever come back.

I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I–
I took the one less traveled by,
And that has made all the difference.

Oftentimes in our lives we were confronted with two roads ahead of us, but did we really make the wise decisions?

Photo taken in Taganito, in Claver, Surigao del Norte.

Celtics and Lakers, Reliving the Rivalry

I initially wagered for a Celtics-Spurs NBA Finals. But unfortunately the other day, the Lakers beat the Spurs to advance to the 2008 NBA Finals. Eventually, my reason for looking forward to an exciting NBA Finals started to dwindle.

Celtics vs. Lakers

But today I realized the Finals won’t be that boring after all. On the contrary, this could be the most interesting NBA Finals since the turn of the century as the Boston Celtics and the LA Lakers relive their rivalry over the hardcourt.

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The Fedora Experience

FedoraI’m currently in fedora. And I’m starting to like it.

My taste of Linux started with the Ubuntu experience. Then when my wireless card failed to work with the latest version Hardy, I tried PCLinuxOS and then OpenSuse. Some more disappointments with Suse and I found myself downloading the latest release of Fedora (Fedora 9, Sulphur).

My wireless card didn’t initially work with the live media booting from the cd, but worked like a breeze when it was installed into the harddrive. And now I’m liking the interface (with GNOME). Two concerns:

  • Installing Adobe Flash Plugin for Firefox – which you really can’t install from within Firefox. You’ll need to install it manually. No problem, though, with some tutorials in the web like this link, which also includes other items one may want to install.
  • Desktop Effects – It looks like my hardware (NVIDIA) does not work with the new xorg. No problem, though. I just can’t have that eyecandy effect yet, which I don’t really care. It’s just aesthetic.

So, for all ye Linux fans out there, the new Fedora is surely a great fresh release distro to try out.

The Tax Reform Act, A Decade Old

Republic Act 8424 (Philippine Law), otherwise known as the Tax Reform Act of 1997 or the Revised National Internal Revenue Code (NIRC) of 1997, which became effective in 1998, is already more than a decade old law. It’s basically a comprehensive law that covers all national taxes from income tax for individuals and corporations, estate and donor’s tax, value added tax, other percentage taxes, excise tax on certain goods, and documentary stamp taxes.

The law is old enough that, as a matter of fact, certain provisions have already been revised just like the income tax for corporations and the Expanded Value Added Tax. What marvels me is why there’s no change, or at least any proposed changes underway (none that I heard of), in income tax for individuals.

Continue reading The Tax Reform Act, A Decade Old