L.C. 9.9 - Lincoln Budget Fiscal 2021

[Attorney General, LGC Speaker, and Former PPT Dwarven Dragon]

For the enacted version, please see the amendment here: https://talkelections.org/FORUM/index.php?topic=414860.msg8033459#msg8033459

IN THE LINCOLN COUNCIL

A RESOLUTION

Establishing the budget for the Lincoln Government lasting from October 2020 until September 2021

Resolved by the Lincoln Council convened,

Expenditures

Health - $269.89bn + $1.49bn (L603) + 0 bn (L.C. 7.7) = $271.38 bn No Funds may be used to carry out or enforce L.C. 7.7

Pensions - $104.40bn + $0bn (LC 11.11) = $104.40bn

Education - $105.19bn + $ 35.63bn (L505, L601, L 12.9, L 13.06) = $140.82bn

Defence - $0.10bn + $0.03bn (L 11.22) = $0.13bn

Transport - $54.18bn + $0.48bn (L 15.6) =$54.66bn

Welfare - $40.93bn + $0.22bn (L 11.4.2, L 14.9) = $41.15bn

General Govt - $20.27bn + -$0.11bn (L513, L 15.9) = $20.16bn

Debt Interest - $23.30bn

Protection - $23.83bn + $4.86bn (L 6.4.3, L 7.3.1, L 10.16.5) = $28.69bn

Other - $31.44bn + $0.98bn (LC 1.13) + 3 mil (LC 8.2) +50 mil (L.C. 5.8) +20 mil (L.C. 4.2) = 32.49300 bn

One time additional spending - $39.54bn (L 6.5.1, L 7.1.1, L 7.4.2, L 7.5.1, L 9.10.5, L 10.16.5, L 10.26.5, L 11.17, L 15.3, L.C. 7.6)

Grants - Public Transit (LC 8.5): $28.924 B

Grants - Small Business (LC 9.8): $250 Million

===============================

TOTAL EXPENDITURES - 785.497 Billion

===============================

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
0%   $25,000 - $49,9999 0 B
20%   $50,000 - $99,999  73.325 B
27%  $100,000 - $249,999  154.3226063 B
33% $250,000 -$489,999   30.25 B
39%  $490,000 - $999,999 75.96085714 B
45% $1,000,000 +  63.10915385 B

Rates remain the same for married couples filing jointly, but brackets are doubled.

INCOME TAX TOTAL REVENUE: 396.9676173 B

Alcohol Tax
12% ($6.84 B)

Tobacco Tax
35% (L.C. 6.18) (9.975 B)

Cannabis Tax
12% ($2.49 B) + $1.25bn (L10.25.4) = $3.74 B

Other drugs tax (L10.25.4) = $0.58bn

New automobile purchase tax (by curb weight): $120 per thousand kilograms ($1.02 B)

Luxury Tax
30% ($6.48 B)

Wealth Tax -  0%

Property tax
0.0%    $0 - $24,999 ($0 B)
1%   $25,000 - $49,9999 ($15.53 B)
2%    $50,000 - $99,999 ($54.57 B)
3%   $100,000 - $249,999 ($78.63 B)
4%   $250,000 - $999,999 ($24.21 B)
5%   $1,000,000 + ($7.60 B)

Estate Tax
15%  $10,000,000 - $19,999,999 ($0.61 B)
15%  $20,000,000 - $49,999,999 ($1.66 B)
20%  $50,000,000 + ($6.79 B)
Total Estate Tax with Lincoln Population Multiplier = ($2.82 B)

Corporate Tax
0.0%  $0 - $99,999 ($0 B) * .36 = $0
5%   $100,000 - $499,999 ($0.27 B) * .36 = .0972 B
8%  $500,000 - $999,999 ($0.256 B) * .36 = .09216 B
10%  $1,000,000 - $4,999,999 ($1.00 B) * .36 = .36 B
14%  $5,000,000 - $9,999,999 ($0.952 B)* .36 = .34272 B
15%  $10,000,000 - $24,999,999 ($1.94 B) * .36 = .6984 B
19% $25,000,000 - $49,999,999 ($2.305 B) * .36 = .8298 B
23% $50,000,000 - $99,999,999 ($3.404 B) * .36 = 1.22544 B
26% $100,000,000 - $249,999,999 ($6.639 B) *.36 = 2.39004 B
30% $250,000,000 - $499,999,999 ($4.45 B) * .36 = 3.204 B
32% $500,000,000 - $2,499,999,999 ($44.902 B) *.36 = 16.16472 B
36% $2,500,000,000 + ($340.56 B) *.36 = 122.6016 B
Total Corporate Tax with Lincoln Population Multiplier = ($148.00608 B)

Carbon Tax (LC 2.20)
28$ per metric ton of CO2: $36.4312 B

Flat Gas Tax (LC 8.5): $28.924 B

===============================

TOTAL REVENUES -  $822.3238973 B
===============================

PROJECTED SURPLUS -  $36.8268973 B

Sponsor: S019
Occupying: Government Slot 1 of 12


Sponsor, please advocate for your bill.

[S019]

Amendment

IN THE LINCOLN COUNCIL

A RESOLUTION

Establishing the budget for the Lincoln Government lasting from October 2020 until September 2021

Resolved by the Lincoln Council convened,

Expenditures

Health - $269.89bn + $1.49bn (L603) = $269.89bn

Pensions - $104.40bn + $0bn (LC 11.11) = $104.40bn

Education - $105.19bn + $ 35.63bn (L505, L601, L 12.9, L 13.06) = $140.82bn

Defence - $0.10bn + $0.03bn (L 11.22) = $0.13bn

Transport - $54.18bn + $0.48bn (L 15.6) =$54.66bn

Welfare - $40.93bn + $0.22bn (L 11.4.2, L 14.9) = $41.15bn

General Govt - $20.27bn + -$0.11bn (L513, L 15.9) = $20.16bn

Debt Interest - $23.30bn

Protection - $23.83bn + $4.86bn (L 6.4.3, L 7.3.1, L 10.16.5) = $28.69bn

Other - $31.44bn + $0.98bn (LC 1.13) = $32.42bn

One time additional spending - $39.54bn (L 6.5.1, L 7.1.1, L 7.4.2, L 7.5.1, L 9.10.5, L 10.16.5, L 10.26.5, L 11.17, L 15.3)

===============================

TOTAL EXPENDITURES - $ 755.80 billion

===============================

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
10% 12%    $25,000 - $49,9999 ($13.19 B)
16% 18%    $50,000 - $99,999 ($58.66 B)
23% 24%   $100,000 - $249,999 ($131.46 B)
28% 30%   $250,000 - $999,999 $489,999 ($80.20 B)
35%   $490,000 - $999,999
33% 39%   $1,000,000 + ($46.28 B)

Rates remain the same for married couples filing jointly, but brackets are doubled.

Alcohol Tax
12% ($6.84 B)

Tobacco Tax
12% 35% (L.C. 6.18) ($3.42 B)

Cannabis Tax
12% ($2.49 B) + $1.25bn (L10.25.4) = $3.74 B

Other drugs tax (L10.25.4) = $0.58bn

Gas (L.C. 3.2):
Lowest 20% earners-5¢/g ($0.21 B)
Second lowest 20%- 15¢/g ($0.93 B)
Mid 40%-60%- 30¢/g ($2.69 B)
60-80%- 40¢/g ($4.55 B)
Upper 20%- 60¢/g ($8.27 B)
Total: $16.55 B

Diesel (L.C. 3.2):
Lowest 20% earners-20¢/g ($0.28 B)
Second lowest 20%- 30¢/g ($0.62 B)
Mid 40%-60%- 50¢/g ($1.49 B)
60-80%- 60¢/g ($2.27 B)
Upper 20%- 75¢/g ($3.45 B)
Total: $8.11 B

New automobile purchase tax (by curb weight): $120 per thousand kilograms ($1.02 B)

Luxury Tax
30% ($6.48 B)

Wealth Tax
3%
Total Wealth Tax with Lincoln Population Multiplier = ($39.31 B)

Property tax
0.0%    $0 - $24,999 ($0 B)
1%   $25,000 - $49,9999 ($15.53 B)
2%    $50,000 - $99,999 ($54.57 B)
3%   $100,000 - $249,999 ($78.63 B)
4%   $250,000 - $999,999 ($24.21 B)
5%   $1,000,000 + ($7.60 B)

Estate Tax
15%  $10,000,000 - $19,999,999 ($0.61 B)
15%  $20,000,000 - $49,999,999 ($1.66 B)
20%  $50,000,000 + ($6.79 B)
Total Estate Tax with Lincoln Population Multiplier = ($2.82 B)

Corporate Tax
0.0%  $0 - $99,999 ($0 B)
5%   $100,000 - $499,999 ($0.27 B)
5% 8%   $500,000 - $999,999 ($0.16 B)
10%  $1,000,000 - $4,999,999 ($1.00 B)
10% 14%  $5,000,000 - $9,999,999 ($0.68 B)
15%  $10,000,000 - $24,999,999 ($1.94 B)
15% 19%  $25,000,000 - $49,999,999 ($1.82 B)
15% 23%  $50,000,000 - $99,999,999 ($2.22 B)
15% 26%  $100,000,000 - $249,999,999 ($3.83 B)
15% 30%  $250,000,000 - $499,999,999 ($4.45 B)
15% 32%  $500,000,000 - $2,499,999,999 ($21.09 B)
15% 36%  $2,500,000,000 + ($141.91 B)
Total Corporate Tax with Lincoln Population Multiplier = ($55.86 B)

Carbon Tax (LC 2.20)
20$ per metric ton of CO2: $35.03 B

===============================

TOTAL REVENUES - $690.09 B
===============================

PROJECTED DEFICIT - - $ 65.71 B

I think this might be a good starting point, open to feedback though

Also ignore the numbers in parenthesis, the math for those needs to be done again

[Continential]

I think we should see the numbers with the VAT when that's passed.

[Attorney General, LGC Speaker, and Former PPT Dwarven Dragon]

This is just a framework for now, it will obviously have to sit and wait while we see how the Referendum on the Sanction Fast Food Act next weekend goes and some of the math needs to be completely redone.

[Continential]

Also, I oppose the increase of the income tax on working class Lincolners.

[Attorney General, LGC Speaker, and Former PPT Dwarven Dragon]

Amendment

IN THE LINCOLN COUNCIL

A RESOLUTION

Establishing the budget for the Lincoln Government lasting from October 2020 until September 2021

Resolved by the Lincoln Council convened,

Expenditures

Health - $269.89bn + $1.49bn (L603) = $269.89bn

Pensions - $104.40bn + $0bn (LC 11.11) = $104.40bn

Education - $105.19bn + $ 35.63bn (L505, L601, L 12.9, L 13.06) = $140.82bn

Defence - $0.10bn + $0.03bn (L 11.22) = $0.13bn

Transport - $54.18bn + $0.48bn (L 15.6) =$54.66bn

Welfare - $40.93bn + $0.22bn (L 11.4.2, L 14.9) = $41.15bn

General Govt - $20.27bn + -$0.11bn (L513, L 15.9) = $20.16bn

Debt Interest - $23.30bn

Protection - $23.83bn + $4.86bn (L 6.4.3, L 7.3.1, L 10.16.5) = $28.69bn

Other - $31.44bn + $0.98bn (LC 1.13) = $32.42bn

One time additional spending - $39.54bn (L 6.5.1, L 7.1.1, L 7.4.2, L 7.5.1, L 9.10.5, L 10.16.5, L 10.26.5, L 11.17, L 15.3)

===============================

TOTAL EXPENDITURES - $ 755.80 billion

===============================

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
10% 12%    $25,000 - $49,9999 ($13.19 B)
16% 18%    $50,000 - $99,999 ($58.66 B)
23% 24%   $100,000 - $249,999 ($131.46 B)
28% 30%   $250,000 - $999,999 $489,999 ($80.20 B)
35%   $490,000 - $999,999
33% 39%   $1,000,000 + ($46.28 B)

Rates remain the same for married couples filing jointly, but brackets are doubled.

Alcohol Tax
12% ($6.84 B)

Tobacco Tax
12% 35% (L.C. 6.18) ($3.42 B)

Cannabis Tax
12% ($2.49 B) + $1.25bn (L10.25.4) = $3.74 B

Other drugs tax (L10.25.4) = $0.58bn

Gas (L.C. 3.2):
Lowest 20% earners-5¢/g ($0.21 B)
Second lowest 20%- 15¢/g ($0.93 B)
Mid 40%-60%- 30¢/g ($2.69 B)
60-80%- 40¢/g ($4.55 B)
Upper 20%- 60¢/g ($8.27 B)
Total: $16.55 B

Diesel (L.C. 3.2):
Lowest 20% earners-20¢/g ($0.28 B)
Second lowest 20%- 30¢/g ($0.62 B)
Mid 40%-60%- 50¢/g ($1.49 B)
60-80%- 60¢/g ($2.27 B)
Upper 20%- 75¢/g ($3.45 B)
Total: $8.11 B

New automobile purchase tax (by curb weight): $120 per thousand kilograms ($1.02 B)

Luxury Tax
30% ($6.48 B)

Wealth Tax
3%
Total Wealth Tax with Lincoln Population Multiplier = ($39.31 B)

Property tax
0.0%    $0 - $24,999 ($0 B)
1%   $25,000 - $49,9999 ($15.53 B)
2%    $50,000 - $99,999 ($54.57 B)
3%   $100,000 - $249,999 ($78.63 B)
4%   $250,000 - $999,999 ($24.21 B)
5%   $1,000,000 + ($7.60 B)

Estate Tax
15%  $10,000,000 - $19,999,999 ($0.61 B)
15%  $20,000,000 - $49,999,999 ($1.66 B)
20%  $50,000,000 + ($6.79 B)
Total Estate Tax with Lincoln Population Multiplier = ($2.82 B)

Corporate Tax
0.0%  $0 - $99,999 ($0 B)
5%   $100,000 - $499,999 ($0.27 B)
5% 7%   $500,000 - $999,999 ($0.16 B)
10%  $1,000,000 - $4,999,999 ($1.00 B)
10% 12%  $5,000,000 - $9,999,999 ($0.68 B)
15%  $10,000,000 - $24,999,999 ($1.94 B)
15% 16%  $25,000,000 - $49,999,999 ($1.82 B)
15% 17%  $50,000,000 - $99,999,999 ($2.22 B)
15% 18%  $100,000,000 - $249,999,999 ($3.83 B)
15% 19%  $250,000,000 - $499,999,999 ($4.45 B)
15% 19.5%  $500,000,000 - $2,499,999,999 ($21.09 B)
15% 20%  $2,500,000,000 + ($141.91 B)
Total Corporate Tax with Lincoln Population Multiplier = ($55.86 B)

Carbon Tax (LC 2.20)
20$ per metric ton of CO2: $35.03 B

===============================

TOTAL REVENUES - $690.09 B
===============================

PROJECTED DEFICIT - - $ 65.71 B

I think this might be a good starting point, open to feedback though

Also ignore the numbers in parenthesis, the math for those needs to be done again

This version is a more reasonable corporate tax increase.

happy to just let both versions sit for a while and we can take time to figure out what we'd all prefer and then go from there.

The other thing that needs to be figured out is if we want to increase spending. Once Lumine/Blairite does the math ..... we may actually be in a surplus with all this new revenue. I am going to contact the GM team and get some movement on these calculations.

[S019]

I'd like to declare Wulfric's amendment unfriendly, but not hold a vote on it immediately, I want us to eventually have a vote on it or not yet, so consider this as me declaring unfriendly at some unspecified point in the future.

[Continential]

IN THE LINCOLN COUNCIL

A RESOLUTION

Establishing the budget for the Lincoln Government lasting from October 2020 until September 2021

Resolved by the Lincoln Council convened,

Expenditures

Health - $269.89bn + $1.49bn (L603) = $269.89bn

Pensions - $104.40bn + $0bn (LC 11.11) = $104.40bn

Education - $105.19bn + $ 35.63bn (L505, L601, L 12.9, L 13.06) = $140.82bn

Defence - $0.10bn + $0.03bn (L 11.22) = $0.13bn

Transport - $54.18bn + $0.48bn (L 15.6) =$54.66bn

Welfare - $40.93bn + $0.22bn (L 11.4.2, L 14.9) = $41.15bn

General Govt - $20.27bn + -$0.11bn (L513, L 15.9) = $20.16bn

Debt Interest - $23.30bn

Protection - $23.83bn + $4.86bn (L 6.4.3, L 7.3.1, L 10.16.5) = $28.69bn

Other - $31.44bn + $0.98bn (LC 1.13) = $32.42bn

One time additional spending - $39.54bn (L 6.5.1, L 7.1.1, L 7.4.2, L 7.5.1, L 9.10.5, L 10.16.5, L 10.26.5, L 11.17, L 15.3)

===============================

TOTAL EXPENDITURES - $ 755.80 billion

===============================

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
10 7.5%    $25,000 - $49,9999 ($13.19 B)
16 15%    $50,000 - $99,999 ($58.66 B)
23 25%   $100,000 - $249,999 ($131.46 B)
28 30%   $250,000 - $999,999 ($80.20 B)
33 36%   $1,000,000 + ($46.28 B)

Rates remain the same for married couples filing jointly, but brackets are doubled.

Alcohol Tax
1215% ($6.84 B)

Tobacco Tax
1215% ($3.42 B)

Cannabis Tax
1215% ($2.49 B) + $1.25bn (L10.25.4) = $3.74 B

Other drugs tax (L10.25.4) = $0.58bn

Gas (L.C. 3.2):
Lowest 20% earners-5¢/g ($0.21 B)
Second lowest 20%- 15¢/g ($0.93 B)
Mid 40%-60%- 30¢/g ($2.69 B)
60-80%- 40¢/g ($4.55 B)
Upper 20%- 60¢/g ($8.27 B)
Total: $16.55 B

Diesel (L.C. 3.2):
Lowest 20% earners-20¢/g ($0.28 B)
Second lowest 20%- 30¢/g ($0.62 B)
Mid 40%-60%- 50¢/g ($1.49 B)
60-80%- 60¢/g ($2.27 B)
Upper 20%- 75¢/g ($3.45 B)
Total: $8.11 B

New automobile purchase tax (by curb weight): $120 per thousand kilograms ($1.02 B)

Luxury Tax
30% ($6.48 B)

Wealth Tax
3%
Total Wealth Tax with Lincoln Population Multiplier = ($39.31 B)

Property tax
0.0%    $0 - $24,999 ($0 B)
1 0.5%   $25,000 - $49,9999 49,999 ($15.53 B)
2 2.5%    $50,000 - $99,999 ($54.57 B)
3%   $100,000 - $249,999 ($78.63 B)
4 5%   $250,000 - $999,999 ($24.21 B)
5 7.5%   $1,000,000 + ($7.60 B)

Estate Tax
15%  $10,000,000 - $19,999,999 ($0.61 B)
15%  $20,000,000 - $49,999,999 ($1.66 B)
20%  $50,000,000 + ($6.79 B)
Total Estate Tax with Lincoln Population Multiplier = ($2.82 B)

Corporate Tax
0.0%  $0 - $99,999 ($0 B)
5 2.5%   $100,000 - $499,999 ($0.27 B)
5%   $500,000 - $999,999 ($0.16 B)
10%  $1,000,000 - $4,999,999 ($1.00 B)
10%  $5,000,000 - $9,999,999 ($0.68 B)
15%  $10,000,000 - $24,999,999 ($1.94 B)
15%  $25,000,000 - $49,999,999 ($1.82 B)
15%  $50,000,000 - $99,999,999 ($2.22 B)
15%  $100,000,000 - $249,999,999 ($3.83 B)
15 16.5%  $250,000,000 - $499,999,999 ($4.45 B)
15 18.5%  $500,000,000 - $2,499,999,999 ($21.09 B)
15 20%  $2,500,000,000 + ($141.91 B)
Total Corporate Tax with Lincoln Population Multiplier = ($55.86 B)

Carbon Tax (LC 2.20)
20 25$ per metric ton of CO2: $35.03 B

===============================

TOTAL REVENUES - $690.09 B
===============================

PROJECTED DEFICIT - - $ 65.71 B

My amendment on the budget.

[S019]

Unfriendly, tax cuts are unwise when we already have a deficit

[Lumine]

Just wanted to confirm that Wulfric did indeed contact both Blairite and myself. Regretfully, I can't actually assist Lincoln with the budget on account of at least two reasons:

One, this outside of my legal powers, which - Game Engine Reconstruction Act - rather explicitly give the Comptroller General power (a) to project the cost of legislation passed by Congress or by the several regions, and the amount of revenue raised by such taxes as they may levy. The only way in which I could step in and take over such functions would be via a very generous interpretation of (e) to be the final arbiter on the reality of the status quo with respect domestic and global conditions, which I think goes against the spirit of the reform and would also be an undesirable course of action.

Second, even if I were to take over Comptroller General responsibilities in this specific case - and I don't think it can be done - my knowledge of economics is remarkably limited and I already lack time to pursue my current duties, meaning there's a substantial GM backlog I need to address.

[Attorney General, LGC Speaker, and Former PPT Dwarven Dragon]

The question is on the amendment offered by Ishan. Please cast your votes


Nay

[Continential]

Aye

[Brother Jonathan]

Nay

[S019]

NAY

[Elcaspar]

Nay

[Attorney General, LGC Speaker, and Former PPT Dwarven Dragon]

The Ishan Amendment is rejected 1-4.

[Attorney General, LGC Speaker, and Former PPT Dwarven Dragon]

So here's where we are on this. My original intention was to have a figure of how much both of the government amendments raise (S019's and Mine), as well as updated cost figures for the rest of the budget. We would then vote on My amendment, then S019's amendment, then whatever else we need to do, and then final passage. However, it's unclear when or if we can get official math calculations. Blairite is not avaliable right now (and I'm not going to badger the admin into replacing him, that's MB's decision alone) and Lumine isn't comfortable doing it. I could potentially do some back of the envelope math, but I don't really have a way to account for population growth/inflation/etc. And we can hardly pass a budget without math, because then we don't know if we're in a deficit or surplus.

So here are our options:

1) Do nothing until Blairite or whoever bails us out
2) Have either myself or someone else in the Council (please speak up if this is for you!) do the math as best we can, with the understanding that accuracy may be lacking.
3) Pass a budget that leaves last year's math in the text, with the intention to amend this budget later when proper math is received. This would allow us to re-open our government soon, but on the other hand, it leaves our financial situation a mystery and might bind a future council to further action on this budget.

This isn't a vote, this will be a decision by consensus. How do you guys want to move forward?

[S019]

So here's where we are on this. My original intention was to have a figure of how much both of the government amendments raise (S019's and Mine), as well as updated cost figures for the rest of the budget. We would then vote on My amendment, then S019's amendment, then whatever else we need to do, and then final passage. However, it's unclear when or if we can get official math calculations. Blairite is not avaliable right now (and I'm not going to badger the admin into replacing him, that's MB's decision alone) and Lumine isn't comfortable doing it. I could potentially do some back of the envelope math, but I don't really have a way to account for population growth/inflation/etc. And we can hardly pass a budget without math, because then we don't know if we're in a deficit or surplus.

So here are our options:

1) Do nothing until Blairite or whoever bails us out
2) Have either myself or someone else in the Council (please speak up if this is for you!) do the math as best we can, with the understanding that accuracy may be lacking.
3) Pass a budget that leaves last year's math in the text, with the intention to amend this budget later when proper math is received. This would allow us to re-open our government soon, but on the other hand, it leaves our financial situation a mystery and might bind a future council to further action on this budget.

This isn't a vote, this will be a decision by consensus. How do you guys want to move forward?

Apparently Option 2 is what will likely happen unless we have a new CG, and that's what the other regions seem to be doing as well, they are just extrapolating the numbers from last year's budget, so I guess we assume that everything is in equilibrium?

[S019]

IN THE LINCOLN COUNCIL

A RESOLUTION

Establishing the budget for the Lincoln Government lasting from October 2020 until September 2021

Resolved by the Lincoln Council convened,

Expenditures

Health - $269.89bn + $1.49bn (L603) = $269.89bn

Pensions - $104.40bn + $0bn (LC 11.11) = $104.40bn

Education - $105.19bn + $ 35.63bn (L505, L601, L 12.9, L 13.06) = $140.82bn

Defence - $0.10bn + $0.03bn (L 11.22) = $0.13bn

Transport - $54.18bn + $0.48bn (L 15.6) =$54.66bn

Welfare - $40.93bn + $0.22bn (L 11.4.2, L 14.9) = $41.15bn

General Govt - $20.27bn + -$0.11bn (L513, L 15.9) = $20.16bn

Debt Interest - $23.30bn

Protection - $23.83bn + $4.86bn (L 6.4.3, L 7.3.1, L 10.16.5) = $28.69bn

Other - $31.44bn + $0.98bn (LC 1.13) = $32.42bn

One time additional spending - $39.54bn (L 6.5.1, L 7.1.1, L 7.4.2, L 7.5.1, L 9.10.5, L 10.16.5, L 10.26.5, L 11.17, L 15.3)

===============================

TOTAL EXPENDITURES - $ 755.80 billion

===============================

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
10% 12%    $25,000 - $49,9999 ($13.19 B) 15.828 B
16% 18%    $50,000 - $99,999 ($58.66 B) 65.9925 B
23% 24%   $100,000 - $249,999 ($131.46 B) 137.17565 B
28% 30%   $250,000 - $999,999 $489,999 ($80.20 B)
35%   $490,000 - $999,999
33% 39%   $1,000,000 + ($46.28 B) (54.6946 B)

Rates remain the same for married couples filing jointly, but brackets are doubled.

Alcohol Tax
12% ($6.84 B)

Tobacco Tax
12% 35% (L.C. 6.18) ($3.42 B) (9.975 B)

Cannabis Tax
12% ($2.49 B) + $1.25bn (L10.25.4) = $3.74 B

Other drugs tax (L10.25.4) = $0.58bn

Gas (L.C. 3.2):
Lowest 20% earners-5¢/g ($0.21 B)
Second lowest 20%- 15¢/g ($0.93 B)
Mid 40%-60%- 30¢/g ($2.69 B)
60-80%- 40¢/g ($4.55 B)
Upper 20%- 60¢/g ($8.27 B)
Total: $16.55 B

Diesel (L.C. 3.2):
Lowest 20% earners-20¢/g ($0.28 B)
Second lowest 20%- 30¢/g ($0.62 B)
Mid 40%-60%- 50¢/g ($1.49 B)
60-80%- 60¢/g ($2.27 B)
Upper 20%- 75¢/g ($3.45 B)
Total: $8.11 B

New automobile purchase tax (by curb weight): $120 per thousand kilograms ($1.02 B)

Luxury Tax
30% ($6.48 B)

Wealth Tax
3%
Total Wealth Tax with Lincoln Population Multiplier = ($39.31 B)

Property tax
0.0%    $0 - $24,999 ($0 B)
1%   $25,000 - $49,9999 ($15.53 B)
2%    $50,000 - $99,999 ($54.57 B)
3%   $100,000 - $249,999 ($78.63 B)
4%   $250,000 - $999,999 ($24.21 B)
5%   $1,000,000 + ($7.60 B)

Estate Tax
15%  $10,000,000 - $19,999,999 ($0.61 B)
15%  $20,000,000 - $49,999,999 ($1.66 B)
20%  $50,000,000 + ($6.79 B)
Total Estate Tax with Lincoln Population Multiplier = ($2.82 B)

Corporate Tax
0.0%  $0 - $99,999 ($0 B)
5%   $100,000 - $499,999 ($0.27 B)
5% 8%   $500,000 - $999,999 ($0.16 B) (0.256 B)
10%  $1,000,000 - $4,999,999 ($1.00 B)
10% 14%  $5,000,000 - $9,999,999 ($0.68 B) (0.952 B))
15%  $10,000,000 - $24,999,999 ($1.94 B)
15% 19%  $25,000,000 - $49,999,999 ($1.82 B) 2.305 B
15% 23%  $50,000,000 - $99,999,999 ($2.22 B) (3.404 B)
15% 26%  $100,000,000 - $249,999,999 ($3.83 B) (6.639 B)
15% 30%  $250,000,000 - $499,999,999 ($4.45 B) (8.9 B)
15% 32%  $500,000,000 - $2,499,999,999 ($21.09 B) (44.902 B)
15% 36%  $2,500,000,000 + ($141.91 B) (340.56 B)
Total Corporate Tax with Lincoln Population Multiplier = ($55.86 B)

Carbon Tax (LC 2.20)
20$ per metric ton of CO2: $35.03 B

===============================

TOTAL REVENUES - $690.09 B
===============================

PROJECTED DEFICIT - - $ 65.71 B

So here are the extrapolated numbers for my plan (un-official) and also apparently the gas tax was repealed, so we need to pass that again or just do without it. So, after doing this it's clear that we need the corporate hikes, because the other taxes barely did anything to the deficit.


EDIT: last time the corporate numbers were calculated weirdly, so ignore what I did, income numbers are fine though

[Attorney General, LGC Speaker, and Former PPT Dwarven Dragon]

Over the course of this week I will try to sort out the math here.

[Attorney General, LGC Speaker, and Former PPT Dwarven Dragon]

MATH FOR THE S019 AMENDMENT

For the 30% bracket, I took into account the following:

original length of bracket: 749,999 income range
new length: 239,999 income range
the new is 32% of the old

80.20 Billion x .32 = 25.664 Billion
x 1.0714 since the rate was raised from 28% to 30%
= $27.5 Billion

For the 35% bracket, income range is 509,999
68% of 749,999
80.20 Billion x .68 = $54.536 Billion
x 1.25 since the rate was raised to 35% from 28%
= $68.17 Billion

Next for the corporate tax, we need to account for the Lincoln Population Multiplier.

OLD total (without multiplier): $176.43 B
calculated total is $55.86, which is 31.66% of the full total, so that is the multiplier.

NEW total (without multiplier): $407.918 B
x .3166 = 129.1468 B

Also added an income tax total for convenience.

With regard to the Gas Tax and/or Diesel Tax, even if the legislation technically was repealed, us passing it as part of the budget should constitute re-enacting the law, no? For now I've struck out the bill number references.

For the stuff that we aren't changing, we'll just assume it raises the same amount it did last year for sake of simplicity.

Adding up all the revenue (updated the total in the amendment), we get: 369.36075+6.84+9.975+3.74+.58+16.55+8.11+1.02+6.48+39.31+15.53+54.57+78.63+24.21+7.6+2.82+129.4618+35.03
= $809.81755 B

Our spending is:

$755.8 Billion

A simple google search reveals a 2.2% inflation rate for 2021, so we'll just tack that on to the total.

= $772.4276 Billion (this is our updated spending for 2021, reflected as such in the amendment below)

So to figure out our financial status, a simple calculation:

809.81755-772.4276 = $37.38995 Billion SURPLUS

IN THE LINCOLN COUNCIL

A RESOLUTION

Establishing the budget for the Lincoln Government lasting from October 2020 until September 2021

Resolved by the Lincoln Council convened,

Expenditures

Health - $269.89bn + $1.49bn (L603) = $269.89bn

Pensions - $104.40bn + $0bn (LC 11.11) = $104.40bn

Education - $105.19bn + $ 35.63bn (L505, L601, L 12.9, L 13.06) = $140.82bn

Defence - $0.10bn + $0.03bn (L 11.22) = $0.13bn

Transport - $54.18bn + $0.48bn (L 15.6) =$54.66bn

Welfare - $40.93bn + $0.22bn (L 11.4.2, L 14.9) = $41.15bn

General Govt - $20.27bn + -$0.11bn (L513, L 15.9) = $20.16bn

Debt Interest - $23.30bn

Protection - $23.83bn + $4.86bn (L 6.4.3, L 7.3.1, L 10.16.5) = $28.69bn

Other - $31.44bn + $0.98bn (LC 1.13) = $32.42bn

One time additional spending - $39.54bn (L 6.5.1, L 7.1.1, L 7.4.2, L 7.5.1, L 9.10.5, L 10.16.5, L 10.26.5, L 11.17, L 15.3)

===============================

TOTAL EXPENDITURES - $ 755.80 billion $772.4276 with inflation adjustment

===============================

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
10% 12%    $25,000 - $49,9999 ($13.19 B) 15.828 B
16% 18%    $50,000 - $99,999 ($58.66 B) 65.9925 B
23% 24%   $100,000 - $249,999 ($131.46 B) 137.17565 B
28% 30%   $250,000 - $999,999 $489,999 ($80.20 B) $27.5 B
35%   $490,000 - $999,999 $68.17 B
33% 39%   $1,000,000 + ($46.28 B) (54.6946 B)

Rates remain the same for married couples filing jointly, but brackets are doubled.

INCOME TAX TOTAL REVENUE: $369.36075 Billion

Alcohol Tax
12% ($6.84 B)

Tobacco Tax
12% 35% (L.C. 6.18) ($3.42 B) (9.975 B)

Cannabis Tax
12% ($2.49 B) + $1.25bn (L10.25.4) = $3.74 B

Other drugs tax (L10.25.4) = $0.58bn

Gas (L.C. 3.2):
Lowest 20% earners-5¢/g ($0.21 B)
Second lowest 20%- 15¢/g ($0.93 B)
Mid 40%-60%- 30¢/g ($2.69 B)
60-80%- 40¢/g ($4.55 B)
Upper 20%- 60¢/g ($8.27 B)
Total: $16.55 B

Diesel (L.C. 3.2):
Lowest 20% earners-20¢/g ($0.28 B)
Second lowest 20%- 30¢/g ($0.62 B)
Mid 40%-60%- 50¢/g ($1.49 B)
60-80%- 60¢/g ($2.27 B)
Upper 20%- 75¢/g ($3.45 B)
Total: $8.11 B

New automobile purchase tax (by curb weight): $120 per thousand kilograms ($1.02 B)

Luxury Tax
30% ($6.48 B)

Wealth Tax
3%
Total Wealth Tax with Lincoln Population Multiplier = ($39.31 B)

Property tax
0.0%    $0 - $24,999 ($0 B)
1%   $25,000 - $49,9999 ($15.53 B)
2%    $50,000 - $99,999 ($54.57 B)
3%   $100,000 - $249,999 ($78.63 B)
4%   $250,000 - $999,999 ($24.21 B)
5%   $1,000,000 + ($7.60 B)

Estate Tax
15%  $10,000,000 - $19,999,999 ($0.61 B)
15%  $20,000,000 - $49,999,999 ($1.66 B)
20%  $50,000,000 + ($6.79 B)
Total Estate Tax with Lincoln Population Multiplier = ($2.82 B)

Corporate Tax
0.0%  $0 - $99,999 ($0 B)
5%   $100,000 - $499,999 ($0.27 B)
5% 8%   $500,000 - $999,999 ($0.16 B) (0.256 B)
10%  $1,000,000 - $4,999,999 ($1.00 B)
10% 14%  $5,000,000 - $9,999,999 ($0.68 B) (0.952 B))
15%  $10,000,000 - $24,999,999 ($1.94 B)
15% 19%  $25,000,000 - $49,999,999 ($1.82 B) 2.305 B
15% 23%  $50,000,000 - $99,999,999 ($2.22 B) (3.404 B)
15% 26%  $100,000,000 - $249,999,999 ($3.83 B) (6.639 B)
15% 30%  $250,000,000 - $499,999,999 ($4.45 B) (8.9 B)
15% 32%  $500,000,000 - $2,499,999,999 ($21.09 B) (44.902 B)
15% 36%  $2,500,000,000 + ($141.91 B) (340.56 B)
Total Corporate Tax with Lincoln Population Multiplier = ($55.86 B) ($129.4618 B)

Carbon Tax (LC 2.20)
20$ per metric ton of CO2: $35.03 B

===============================

TOTAL REVENUES - $690.09 B $809.81755 B
===============================

PROJECTED DEFICIT SURPLUS - $ 65.71 B $ 37.38995 B

Without objection, the amendment is modified to reflect the math above.

Will do my version next.


With respect to the spending category, we will need to go back through various legislation and figure out where spending was raised or reduced, so the spending figures aren't final at this point. For a quick example, this doesn't yet reflect the small business loan measure passed this term. These calculations are just a first step.

[Attorney General, LGC Speaker, and Former PPT Dwarven Dragon]

MATH FOR THE DWARVEN DRAGON AMENDMENT

So since everything not-corporate is the same between me and S019, we can simply copy over most of the math.

Applying the multiplier found in the previous post to my corporate scheme:


OLD total (without multiplier): $176.43 B
calculated total is $55.86, which is 31.66% of the full total, so that is the multiplier.

NEW total (without multiplier): $235.566 B
x .3166 = 74.5802 B

Revenue total calculation: 369.36075+6.84+9.975+3.74+.58+16.55+8.11+1.02+6.48+39.31+15.53+54.57+78.63+24.21+7.6+2.82+74.5802+35.03

= 754.93595 B

This does still leave us in deficit....


So I raised my second highest rate to 23% and my highest rate to 27%....

NEW total ver. 2 (without multiplier) = $306.765 B
*.3166 = $97.1218 B

Revenue total calculation ver. 2:
369.36075+6.84+9.975+3.74+.58+16.55+8.11+1.02+6.48+39.31+15.53+54.57+78.63+24.21+7.6+2.82+97.1218+35.03 = $777.4776 B

So:

777.4776 - 772.4276 = 5.05 Billion Surplus

IN THE LINCOLN COUNCIL

A RESOLUTION

Establishing the budget for the Lincoln Government lasting from October 2020 until September 2021

Resolved by the Lincoln Council convened,

Expenditures

Health - $269.89bn + $1.49bn (L603) = $269.89bn

Pensions - $104.40bn + $0bn (LC 11.11) = $104.40bn

Education - $105.19bn + $ 35.63bn (L505, L601, L 12.9, L 13.06) = $140.82bn

Defence - $0.10bn + $0.03bn (L 11.22) = $0.13bn

Transport - $54.18bn + $0.48bn (L 15.6) =$54.66bn

Welfare - $40.93bn + $0.22bn (L 11.4.2, L 14.9) = $41.15bn

General Govt - $20.27bn + -$0.11bn (L513, L 15.9) = $20.16bn

Debt Interest - $23.30bn

Protection - $23.83bn + $4.86bn (L 6.4.3, L 7.3.1, L 10.16.5) = $28.69bn

Other - $31.44bn + $0.98bn (LC 1.13) = $32.42bn

One time additional spending - $39.54bn (L 6.5.1, L 7.1.1, L 7.4.2, L 7.5.1, L 9.10.5, L 10.16.5, L 10.26.5, L 11.17, L 15.3)

===============================

TOTAL EXPENDITURES - $ 755.80 billion $772.4276 with inflation adjustment

===============================

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
10% 12%    $25,000 - $49,9999 ($13.19 B) 15.828 B
16% 18%    $50,000 - $99,999 ($58.66 B) 65.9925 B
23% 24%   $100,000 - $249,999 ($131.46 B) 137.17565 B
28% 30%   $250,000 - $999,999 $489,999 ($80.20 B) $27.5 B
35%   $490,000 - $999,999 $68.17 B
33% 39%   $1,000,000 + ($46.28 B) (54.6946 B)

Rates remain the same for married couples filing jointly, but brackets are doubled.

INCOME TAX TOTAL REVENUE: $369.36075 Billion

Alcohol Tax
12% ($6.84 B)

Tobacco Tax
12% 35% (L.C. 6.18) ($3.42 B) (9.975 B)

Cannabis Tax
12% ($2.49 B) + $1.25bn (L10.25.4) = $3.74 B

Other drugs tax (L10.25.4) = $0.58bn

Gas (L.C. 3.2):
Lowest 20% earners-5¢/g ($0.21 B)
Second lowest 20%- 15¢/g ($0.93 B)
Mid 40%-60%- 30¢/g ($2.69 B)
60-80%- 40¢/g ($4.55 B)
Upper 20%- 60¢/g ($8.27 B)
Total: $16.55 B

Diesel (L.C. 3.2):
Lowest 20% earners-20¢/g ($0.28 B)
Second lowest 20%- 30¢/g ($0.62 B)
Mid 40%-60%- 50¢/g ($1.49 B)
60-80%- 60¢/g ($2.27 B)
Upper 20%- 75¢/g ($3.45 B)
Total: $8.11 B

New automobile purchase tax (by curb weight): $120 per thousand kilograms ($1.02 B)

Luxury Tax
30% ($6.48 B)

Wealth Tax
3%
Total Wealth Tax with Lincoln Population Multiplier = ($39.31 B)

Property tax
0.0%    $0 - $24,999 ($0 B)
1%   $25,000 - $49,9999 ($15.53 B)
2%    $50,000 - $99,999 ($54.57 B)
3%   $100,000 - $249,999 ($78.63 B)
4%   $250,000 - $999,999 ($24.21 B)
5%   $1,000,000 + ($7.60 B)

Estate Tax
15%  $10,000,000 - $19,999,999 ($0.61 B)
15%  $20,000,000 - $49,999,999 ($1.66 B)
20%  $50,000,000 + ($6.79 B)
Total Estate Tax with Lincoln Population Multiplier = ($2.82 B)

Corporate Tax
0.0%  $0 - $99,999 ($0 B)
5%   $100,000 - $499,999 ($0.27 B)
5% 7%   $500,000 - $999,999 ($0.16 B) ($0.224 B)
10%  $1,000,000 - $4,999,999 ($1.00 B)
10% 12%  $5,000,000 - $9,999,999 ($0.68 B) ($0.816 B)
15%  $10,000,000 - $24,999,999 ($1.94 B)
15% 16%  $25,000,000 - $49,999,999 ($1.82 B) ($1.941 B)
15% 17%  $50,000,000 - $99,999,999 ($2.22 B) ($2.516 B)
15% 18%  $100,000,000 - $249,999,999 ($3.83 B) ($4.596 B)
15% 19%  $250,000,000 - $499,999,999 ($4.45 B) ($5.636 B)
15% 23%  $500,000,000 - $2,499,999,999 ($21.09 B) ($32.388 B)
15% 27%  $2,500,000,000 + ($141.91 B) ($255.438 B)
Total Corporate Tax with Lincoln Population Multiplier = ($55.86 B) ($97.1218 B)

Carbon Tax (LC 2.20)
20$ per metric ton of CO2: $35.03 B

===============================

TOTAL REVENUES - $690.09 B $777.4776 B
===============================

PROJECTED DEFICIT SURPLUS - $ 65.71 B $ 5.05 B

In my capacity as the sponsor of my amendment, I modify it as shown above.

I believe this version is better than that of s019 as it does not overtax our businesses as much yet still brings us into balance.

------

Also as an aside, I'd love to adjust all of these figures for projected economic effects (i.e. does a rate of x bring in more GDP), but in the absence of a comptroller general, we don't have a way to do that with any reliability, so we'll have to go without those modifications.


-------

I'll let this math digest for a couple days and then we'll vote on both versions.

[S019]

Good to see that we are out of the red, but there are bills with additional spending to score, which might put us back in there. I still prefer my amendment given that, but we should wait for those bills to be scored.

[Attorney General, LGC Speaker, and Former PPT Dwarven Dragon]

Understood.

If any other member of the council wishes to score a past bill or whatever, feel free to do so and just post your work here. We'll compile it all up once complete.

[Attorney General, LGC Speaker, and Former PPT Dwarven Dragon]

SCORING FOR L.C. 8.5: Lincoln Grants for Public Transit Act

So this bill establishes a Gas Tax of $0.40/gallon to pay for its grants. It also stipulates that the grants cannot cumulatively cost more than whatever the gas tax raises. So it thus adds the same amount to both spending and revenue.

Also this does mean we are doing two gas taxes - the income based one in the budget currently, plus this additional $.40 flat tax. I'm fine with this if the rest of the council is.

For population, I took the figure here: https://www.census.gov/popclock/, and divided by 3. It's an imperfect measurement, but close enough.

Some quick searching produced that US gas usage is about 656 gal/person per year.
656 * .40 = $262.40 paid in this gas tax per year per person.

$262.40 * 110,227,729 =

$28,923,756,089

This amount is added to both spending and revenue, per the provisions of the bill.

SCORING FOR L.C. 9.8 - Lincoln Small Business Administration Act

This is really simple. The bill says it will cost $250 million/year. So there we go. As you can see in the previous posts, this is covered by both versions surpluses.