Office of GM SJoyce

[GAworth]

Energy Self-Sufficiency Tax Holiday Bill
Section 1
1.   For a period from January 1 to December 31 of the year following the adoption of this bill, there shall be no sales tax on energy efficient items outlined in 2.
2.   “Energy Efficient Items” shall be outlined as:
a.   Solar Panels
b.   Solar Water Heaters
c.   Wind turbines
d.   Waste to Power plants
e.   Energy efficient light bulbs
f.   Energy efficient washers and dryers
g.   Insulation
h.   Water reclamation systems

Revenue impact is a loss of $2.074B for the year.

Thank you sir for a speedy response. I appreciate it!!!

[GAworth]

I would like to a have analysis of this for the Midwestern Region.
Taxation Adjustment Bill
Section 1 Increase in Cigarette Tax
1.   To increase the cigarette tax from 15% to 30%
Section 2 Increase in Alcohol Tax
1.   To increase the Alcohol Tax from 15% to 20%
Section 3 Increase in Marijuana Tax
1.   To increase the Marijuana tax from 15% to 25%
Section 4 Increase in Estate Tax
1.   To increase the Estate Tax for Estates from $1 Million - $5 Million from 2% to 2.5%
2.   To increase the Estate Tax for Estates $5 Million+ from 6% to 6.5%

[GAworth]

Energy Self-Sufficiency Tax Holiday Bill
Section 1
1.   For a period from January 1 to December 31 of the year following the adoption of this bill, there shall be no sales tax on energy efficient items outlined in 2.
2.   “Energy Efficient Items” shall be outlined as:
a.   Solar Panels
b.   Solar Water Heaters
c.   Wind turbines
d.   Waste to Power plants
e.   Energy efficient light bulbs
f.   Energy efficient washers and dryers
g.   Insulation
h.   Water reclamation systems

Revenue impact is a loss of $2.074B for the year.

I am just making sure, and this is my error, but is this estimate for the Midwest region?

[GAworth]

I would like to a have analysis of this for the Midwestern Region.
Taxation Adjustment Bill
Section 1 Increase in Cigarette Tax
1.   To increase the cigarette tax from 15% to 30%
Section 2 Increase in Alcohol Tax
1.   To increase the Alcohol Tax from 15% to 20%
Section 3 Increase in Marijuana Tax
1.   To increase the Marijuana tax from 15% to 25%
Section 4 Increase in Estate Tax
1.   To increase the Estate Tax for Estates from $1 Million - $5 Million from 2% to 2.5%
2.   To increase the Estate Tax for Estates $5 Million+ from 6% to 6.5%

You can calculate this yourself.

Yes, yes I can. However, for the purposes of debate in our region, which you may not be following, I would like the figures to come from the GM. But thank you for your input.

[GAworth]

I would like to a have analysis of this for the Midwestern Region.
Taxation Adjustment Bill
Section 1 Increase in Cigarette Tax
1.   To increase the cigarette tax from 15% to 30%
Section 2 Increase in Alcohol Tax
1.   To increase the Alcohol Tax from 15% to 20%
Section 3 Increase in Marijuana Tax
1.   To increase the Marijuana tax from 15% to 25%
Section 4 Increase in Estate Tax
1.   To increase the Estate Tax for Estates from $1 Million - $5 Million from 2% to 2.5%
2.   To increase the Estate Tax for Estates $5 Million+ from 6% to 6.5%

You can calculate this yourself.

Not really.  The GM typically puts his own spin on how much a tax increase will discourage people from buying the product.  Typically, a pure doubling of a tax rate doesn't lead to a doubling of tax revenues.

That's what I was thinking. Thank you for the information.

[GAworth]

I would like to a have analysis of this for the Midwestern Region.
Taxation Adjustment Bill
Section 1 Increase in Cigarette Tax
1.   To increase the cigarette tax from 15% to 30%
Section 2 Increase in Alcohol Tax
1.   To increase the Alcohol Tax from 15% to 20%
Section 3 Increase in Marijuana Tax
1.   To increase the Marijuana tax from 15% to 25%
Section 4 Increase in Estate Tax
1.   To increase the Estate Tax for Estates from $1 Million - $5 Million from 2% to 2.5%
2.   To increase the Estate Tax for Estates $5 Million+ from 6% to 6.5%

You can calculate this yourself.

Not really.  The GM typically puts his own spin on how much a tax increase will discourage people from buying the product.  Typically, a pure doubling of a tax rate doesn't lead to a doubling of tax revenues.

That's what I was thinking. Thank you for the information.

So after all this. I have to say that I no longer need an assessment due to inadequate updates of the Midwest budget.