I remember paying over $500 in taxes each payday when we were still in Canada. I know it’s a lot, but who’s complaining? There, we have Parks and Recreations, Affordable Summer Programs, Unemployment Insurance, as well as FREE Quality Education and FREE Healthcare (The 2 biggies that if our government provides here, would somehow alleviate poverty). So, somehow, taxpayers there don’t mind being taxed that big amount each and every time, coz they get to enjoy their taxes!
But over here, we hear and see widespread graft and corruption in the government, and that’s what hurts. We feel the burden of paying our taxes but we don’t see much the benefits of it.
B.I. R. actually stands for Bureau of Internal Revenue, not the title I came up with for this blog. But the reason I wrote that was because of the email I just received from COL Financial Group today that tells of a new BIR regulation for all Withholding Agents (including COL) to “submit an alphabetical list of payees on income payments subject to creditable and final withholding taxes”. The email reads:
- Go to www.colfinancial.com and log in your account;
- Click on the ‘Home’ tab;
- Click on the ‘Change Profile’ tab; and
- Press the ‘Edit’ button beside TIN and encode your TIN.
P.S. 1. COL Financial, Inc. is the recommended Stock Broker of Bro. Bo Sanchez to all his Truly Rich Club members. The TrulyRichClub is a membership Club that he had created to help people achieve Financial Wealth and Spiritual Abundance. It is a private group of individuals who have decided to do something about changing their beliefs and thinking—to gain the abundance mentality they need to change their lives forever. Bro. Bo provides them with the right tools, principles, and strategies to grow in their financial and spiritual life. To join this elite Club, click here.
P.S. 2. Wanna join us at the ‘Happiest Place on Earth‘? We do a meet and greet with Bro. Bo every Sunday at the Feast PICC. Please feel free to join us after the 3rd session. For Feast schedules in PICC and other areas around the metro, pls refer to the right side of Kerygma Family homepage.