Excise Tax

Each and every one of us needs a food in order to survive these are the goods that we
buy from the market. We eat three times a day to get the proper energy that we need.
What if one day those goods that we need are now impossible to buy? or the prices are
increases that are now hard to buy because we don’t have enough money to get it. Yes,
definitely it happened right now, government implemented the additional tax or what we
call the excise tax. What exactly the excise tax? An excise tax is an indirect tax on the
sale of a particular good or service such as fuel, tobacco and alcohol or other
sweetened foods. Indirect means the tax is not directly paid by an individual consumer
instead, the Internal Revenue Service (IRS) levies the tax on the producer or merchant,
who passes it onto the consumer by including it in the product’s price.

Recently, Filipinos are suffering from the negative effects of excise tax. Excise taxes are
imposed by all levels of government-federal, state and municipal. We find it easy to say
that excise tax are helpful to individual as it raised the discouragement against sinful
activities such as, drinking, smoking, and gambling. People spend less money because
of raising the price of the goods. But, most of us did not agree to this kind of
implementation that the government does, we cannot deny the fact that some Filipinos
are addicted to the different vices that keep them still using even if the prices are being
raised they tend to buy and use of it. Government should take actions to lessen the
huge impact of the excise tax to the consumer. For example, in gas prices whether we
like it or not gas is very important since it is necessary for us to drive, it makes the
excise tax a problem. Government will only have earned large money through this
additional tax otherwise poor Filipinos experience another problem to their life.

Excise tax implemented by the Government has a huge impact to every Filipinos. Even
if it decreases the occurrence of sinful activities through raising the price of goods that
are not prohibited for our health, but it makes us suffer in terms of buying the goods that
are needed in our daily life. Government surely get benefits for these additional tax if
this happen through another years or for a long time. The only way to decrease the
impact of this tax is we should practice budgeting or the proper use of money in order
for us to spend less money.