Project 7 to 1 Podcast: Mon Abrea, is 350,000 income tax exemption enough?

Description

In the third guesting of Mon Abrea on the Project 7 to 1 Podcast, Carlo Ople welcomes back the Philippine Tax Whiz for another deep dive into one of the issues that directly affects millions of Filipino workers: income taxes.This time, the conversation focuses on the bills filed in the Senate seeking to raise the income tax exemption threshold. With a proposal to increase the tax-free ceiling to ₱350,000 currently on the table, Carlo and Mon discuss whether that amount is enough to provide meaningful relief to Filipino workers. For Mon and Carlo, raising the threshold to ₱500,000—or even ₱600,000—would be a fairer reflection of today’s cost of living and economic realities. But Mon takes the argument even further: his battlecry remains ₱1 Million Tax-Free Income.The conversation breaks down why they believe the current threshold needs to be revisited, what higher tax exemptions could mean for take-home pay, and how tax policy can better keep pace with the realities faced by working Filipinos. They also explore the bigger question: at what point does taxation become a burden on the very people who are trying to build their lives, families, and businesses?Expect another candid and thought-provoking conversation with Mon Abrea—complete with strong opinions, practical tax talk, and a bold proposition for what Philippine income-tax reform could look like.