Liberal Party

(2028 Philippine Presidential Election)

(Draft Bill)

₱35,000 monthly Basic Income per citizen under a ₱420,000 yearly income

₱250 an hour minimum wage (including gig work)

20% consolidated flat tax over ₱120,000 a year (with double taxation)

20% corporate tax on profits

20% value added tax tax on each stage of sale (paid quarterly)

20% value added tax on imports

VAT tax registration over ₱120,000 a year

Sole trader registration over ₱120,000 a year

Estimated Revenue: ₱18 trillion a year (₱1 trillion surplus a year)