Marcos presses Congress to raise minimum taxable income to P350,000

President Marcos is pushing Congress to raise the minimum taxable income from P250,000 to P350,000 during his State of the Nation Address. This change aims to tweak the country's income tax system, which could potentially bring more income into the government's coffers. The move is significant as it reflects efforts to balance tax burdens and economic growth, potentially affecting millions of Filipinos who will see a shift in how much they pay in taxes. This proposal could spark broader discussions about tax equity and economic policy.