LIVING PAYCHECK TO PAYCHECK

With prices of basic commodities and services rising left and right, a mother of five would hardly make both ends meet. I was observing a nearby community as they move on with their lives. Not a trace of dissatisfaction is reflected in their faces. I saw one child carrying a kilo of rice already past lunch time. Maybe, they waited for their father. A group of kids were picking on plastic materials and after a sackful of collection, they came back with a smile saying that the junk shop was closed. I believe they need the money for some immediate needs.

As I look back to where my situation is, my only concern is living paycheck to paycheck. If I’m sick and couldn’t work for that day, my salary is intact because I have leave credits. A person’s needs is attributed to his social standing. I am wondering if the mother of the kids shall also earn a living like me. Will their  lives be different? Will she live paycheck to paycheck or can she save a large amount of money and just keep their standard?

Let Us Tax Facebook

Mark Zuckerberg is the CEO of Facebook, which he founded in 2004. Facebook  is a social utility that helps people communicate more efficiently with their friends, families and coworkers. Mark is responsible for setting the overall direction and product strategy for the company. He leads the design of Facebook’s service and development of its core technology and infrastructure. Mark attended Harvard University and studied computer science before moving the company to Palo Alto, California (Taken from Facebook  – Executive Bios).

On July 21, 2010, Zuckerberg reported that the company reached the 500 million-user mark. If the annual net income of the company reached $1B in 2010 as published in the net, an average of $2.00 was contributed by each user. Converted to Philippine peso, that’s Php 47B.

There are 5,784,560 Filipino users as of October 2009. If this figure doubled at the end of December 2010, about 11.6M Filipinos are using FB. Multiply it by $2.00 per user at Php 47.00 to a dollar, we would arrive at Php 1.09B income generated from the Philippines.

Using the above estimates, BIR may collect corporate income tax of 30% of Php 1.09B or Php 327.12M and Php 130.85M of Value-Added Tax computed from net income to make it simpler. That would be a sum of Php 457.97M, more than enough to cover the government counterpart expenditures of Philippine Heart Center for Asia and even have something for its modernization.

This is just one of the revenue measures that BIR should consider. There are a lot more who can contribute to government revenues. They are there in the cyberspace.

Hi, everyone!

Today is the start of blogging my life. This will be my expression venue that would surely be a source of strength of my visitors.

2011 Fashion Trends

Fashion for this year reminds me of how we dressed up during college days. I remember wearing “mumu”, a midi dress which used to be a comfy getup for me. I plan to see my designer to make some for me. But this kind of attire is not allowed in the office. I’ll be wearing the midis while strolling at the malls.

Bell-bottom pants are here again. I checked on some designs of these pants and I want to share this with you. You’ll love these designs.