There are people who earn 40-100+K every month here in the Philippines and in Cebu. Especially those IT Companies. Plus commissions, incentives allowances if you are into sales and marketing or if your company gives incentives for every successful deployment (technical people) and OT.
Thing is, if you really come to think of it, for a single individual, withholding tax would be around 22-25% of your gross pay. BIR is getting that amount then everytime we buy something from the department store and other commercial establishments, naa pa jud na 10% VAT. Meaning, its just like 32-35% ako gibayad sa BIR.
OK lang for companies who allow payroll pading and makabuot ka pila imo basis for withholding tax but for companies who are honest tax payesr, makunsumisyon ka everytime you see mga bugoy na govt. officials. You are paying them to do curroption!. Tabi-tabi po, bato bato sa langit and tamaan wag magalit. POV lang ni nako mga peeps.
I work for an IT company.