The Manila Electric Co. said this is due to the increase in generation charge or the cost of power purchased by Meralco from power plants, and the new line item of four cents per kwh representing feed-in-tariff allowance for renewable energy players (FIT-ALL).
Some people have to pay federal income taxes on their Social Security benefits. This usually happens only if you have other substantial income (such as wages, self-employment, interest, dividends and other taxable income that must be reported on your tax return) in addition to your benefits.f you: 1  file a federal tax return as an individual and your combined income* is. 2  between $25,000 and $34,000, you may have to pay income tax on up to 50 percent of your benefits.
Half of that amount is $500, and because your actual benefits are more than $500, you'd pay taxes on $500 of what you got from Social Security. Many see Social Security taxation as unfair, especially given that they've already paid payroll taxes on the income they see as having generated their retirement benefits.