UM study finds younger workers favor TRAIN law
A study conducted by the University Of Mindanao Institute Of Popular Opinion found that working individuals between the ages of 18 – 29 years were strongly in favor of the Tax Reform for Acceleration and Inclusion (TRAIN) Law.
Out of a population of 1, 200 Dabawenyos surveyed across the three Congressional districts, the mentioned age group were all mostly married (40%) and a majority had obtained their Master’s degree despite belonging in Class C (68%) of income level, or those earning around P10, 000 to P36, 000 a month.
“Perhaps, these people able to maximize benefits tax exemptions,” researchers noted in the study.
However, despite the majority age group believing that the law is good for the country in the long run, Dabawenyos reported that they still felt the brunt of the tax reform law’s effects; primarily that their first concern was the higher price of goods (62%), while the benefits like higher take home pay (23%) and lower income tax (20%) were the next concerns respectively, and only 16% of those surveyed were concerned about the effects TRAIN had on gas and oil prices.
The information campaign of the government was also able to reach a majority of Dabawenyos, as 8 in 10 people surveyed said they were aware of the effectivity of the law and what it stipulated, but being aware did not mean that all were necessarily in favor of it.
The survey was conducted last January 28 until February 9.