L.C. 9.9 - Lincoln Budget Fiscal 2021
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Author Topic: L.C. 9.9 - Lincoln Budget Fiscal 2021  (Read 4253 times)
Attorney General, LGC Speaker, and Former PPT Dwarven Dragon
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« Reply #50 on: February 08, 2021, 03:03:32 PM »
Quote from: S019 on February 08, 2021, 02:54:41 PM
Quote from: Lincoln Councillor Dwarven Dragon on February 08, 2021, 02:51:55 PM
Quote from: S019 on February 08, 2021, 02:06:40 PM
Quote
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) + 0 bn (L.C. 7.7) = $269.89bn $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) + $2.5125 bn (L.C. 5.13) = $0.13bn $2.6425 bn

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.Cool +20 mil (L.C. 4.2) = $32.42bn 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.Cool: $250 Million

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

TOTAL EXPENDITURES - 785.497 Billion 788.0095 Billion

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

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
0%   $25,000 - $49,9999 0 B
20% 13%    $50,000 - $99,999  73.325 B 47.66125 B
27% 22%   $100,000 - $249,999 154.3226063 B 125.7443459 B
33% 29%   $250,000 -$489,999   30.25 B 26.58333 B
39% 36%   $490,000 - $999,999 75.96085714 B 70.11771 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 333.1051798 B

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 -  0%
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)

Total: $180.54 B $280 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
5% 8%   $500,000 - $999,999 ($0.16 B) (0.256 B) * .36 = .09216 B
10%  $1,000,000 - $4,999,999 ($1.00 B) * .36 = .36 B
10% 14%  $5,000,000 - $9,999,999 ($0.68 B) (0.952 B) *.36 = .34272 B
15%  $10,000,000 - $24,999,999 ($1.94 B) * .36 = .6984 B
15% 19%  $25,000,000 - $49,999,999 ($1.82 B) 2.305 B * .36 = .8298 B
15% 23%  $50,000,000 - $99,999,999 ($2.22 B) (3.404 B) * .36 = 1.22544 B
15% 26%  $100,000,000 - $249,999,999 ($3.83 B) (6.639 B) * .36 = 2.39004 B
15% 30%  $250,000,000 - $499,999,999 ($4.45 B) (8.9 B) * .36 = 3.204 B
15% 32%  $500,000,000 - $2,499,999,999 ($21.09 B) (44.902 B) *.36 = 16.16472 B
15% 36%  $2,500,000,000 + ($141.91 B) (340.56 B) *.36 = 122.6016 B
Total Corporate Tax with Lincoln Population Multiplier = ($55.86 B) ($148.00608 B)

Carbon Tax (LC 2.20)
208$ per metric ton of CO2: $35.036.4312 B

Flat Gas Tax (LC 8.5): $28.924 B

Fines

(L.C. 6.19): 0.0988656 B

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

TOTAL REVENUES - 728.4614598 B 867.330324 B
===============================

PROJECTED DEFICIT SURPLUS-  81.73445976 B 79.32082536 Billion


Yet another amendment Tongue, a former GM provided some scores to me that the CG had difficulty with.

Revenues - 728, Expenditures - 788 = Surplus?

Somewhere the math got out of whack here?



I think I never added the property tax increase to revenue, and that might've messed up the numbers

Corrected above. I think we're okay now.
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S019
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« Reply #51 on: February 14, 2021, 09:23:20 PM »
I am in talks with the CG, and have sent him all of the remaining legislation to score and hopefully we can get updates for the property tax brackets as well
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Attorney General, LGC Speaker, and Former PPT Dwarven Dragon
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« Reply #52 on: March 24, 2021, 02:37:27 AM »
So uh this sort of fell by the wayside.

I for one would like to get this concluded this Council if possible.

While I still support the budget as currently proposed here, I understand there has been changes to the Council since this discussion was last updated and am not necessarily opposed to comprehensive amendments if necessary to pass this.

In terms of calculations, while I understand we currently lack the numbers on certain smaller things like the Tourist Tax, all major bills have been scored. I don't think the omission of minor items that won't appreciably change the calculations is necessarily a reason to continue governing by continuing resolution, especially since I don't expect an active CG to be present anytime soon.

For the record, this is the current text:

Quote

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) = $269.89bn $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) + $2.5125 bn (L.C. 5.13) = $0.13bn $2.6425 bn

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) = $32.42bn 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 788.0095 Billion

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

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
0%   $25,000 - $49,9999 0 B
20% 13%    $50,000 - $99,999  73.325 B 47.66125 B
27% 22%   $100,000 - $249,999 154.3226063 B 125.7443459 B
33% 29%   $250,000 -$489,999   30.25 B 26.58333 B
39% 36%   $490,000 - $999,999 75.96085714 B 70.11771 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 333.1051798 B

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

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

Luxury Tax
30% ($6.48 B)

Wealth Tax -  0%
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)

Total: $180.54 B $280 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
5% 8%   $500,000 - $999,999 ($0.16 B) (0.256 B) * .36 = .09216 B
10%  $1,000,000 - $4,999,999 ($1.00 B) * .36 = .36 B
10% 14%  $5,000,000 - $9,999,999 ($0.68 B) (0.952 B) *.36 = .34272 B
15%  $10,000,000 - $24,999,999 ($1.94 B) * .36 = .6984 B
15% 19%  $25,000,000 - $49,999,999 ($1.82 B) 2.305 B * .36 = .8298 B
15% 23%  $50,000,000 - $99,999,999 ($2.22 B) (3.404 B) * .36 = 1.22544 B
15% 26%  $100,000,000 - $249,999,999 ($3.83 B) (6.639 B) * .36 = 2.39004 B
15% 30%  $250,000,000 - $499,999,999 ($4.45 B) (8.9 B) * .36 = 3.204 B
15% 32%  $500,000,000 - $2,499,999,999 ($21.09 B) (44.902 B) *.36 = 16.16472 B
15% 36%  $2,500,000,000 + ($141.91 B) (340.56 B) *.36 = 122.6016 B
Total Corporate Tax with Lincoln Population Multiplier = ($55.86 B) ($148.00608 B)

Carbon Tax (LC 2.20)
208$ per metric ton of CO2: $35.0336.4312 B

Flat Gas Tax (LC 8.5): $28.924 B

Fines

(L.C. 6.19): 0.0988656 B

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

TOTAL REVENUES - 728.4614598 B 867.330324 B
===============================

PROJECTED DEFICIT SURPLUS-  81.73445976 B 79.32082536 Billion

Would appreciate all councillors sharing their thoughts on this so we can reach a conclusion as soon as possible.
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AGA
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« Reply #53 on: March 24, 2021, 09:58:11 AM »
« Edited: March 24, 2021, 04:52:36 PM by AGA »
Quote
An 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) + 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) + $2.5125 bn (L.C. 5.13) = $2.6425 bn

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 - 788.0095 Billion

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

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
0%   $25,000 - $49,9999 0 B
13%    $50,000 - $99,999  = 47.66125 B
22%   $100,000 - $249,999 = 125.7443459 B
29%   $250,000 -$489,999  = 26.58333 B
36%   $490,000 - $999,999 = 70.11771 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: 333.1051798 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%
Total Wealth Tax with Lincoln Population Multiplier = ($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)

Total: $240.69 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 - $499,999,999 ($0 B) = $0
5%  $500,000,000 - $2,499,999,999 = ?
25%  $2,500,000,000 + = ?
Total Corporate Tax with Lincoln Population Multiplier = ?

Carbon Tax (LC 2.20)
$15 per metric ton of CO2: ?

Flat Gas Tax (LC 8.5): $28.924 B

Fines

(L.C. 6.19): 0.0988656 B

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

TOTAL REVENUES - ?
===============================

PROJECTED SURPLUS-  ?

Not sure what the exact numbers are, but it should still be balanced.
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S019
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« Reply #54 on: March 24, 2021, 10:15:20 AM »
Objection, there are still some massive costs I need to add into the budget
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« Reply #55 on: March 24, 2021, 10:37:04 AM »
We don't even have scores for the original numbers, but I won't sign that.
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Attorney General, LGC Speaker, and Former PPT Dwarven Dragon
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« Reply #56 on: March 24, 2021, 04:47:50 PM »
Quote from: AGA on March 24, 2021, 09:58:11 AM
Quote
An 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) + 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) + $2.5125 bn (L.C. 5.13) = $2.6425 bn

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 - 788.0095 Billion

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

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
0%   $25,000 - $49,9999 0 B
13%    $50,000 - $99,999  = 47.66125 B
22%   $100,000 - $249,999 = 125.7443459 B
29%   $250,000 -$489,999  = 26.58333 B
36%   $490,000 - $999,999 = 70.11771 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: 333.1051798 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%
Total Wealth Tax with Lincoln Population Multiplier = ($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)

Total: $240.69 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 - $499,999 ($0 B) = $0
5%  $500,000,000 - $2,499,999,999 = ?
25%  $2,500,000,000 + = ?
Total Corporate Tax with Lincoln Population Multiplier = ?

Carbon Tax (LC 2.20)
$15 per metric ton of CO2: ?

Flat Gas Tax (LC 8.5): $28.924 B

Fines

(L.C. 6.19): 0.0988656 B

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

TOTAL REVENUES - ?
===============================

PROJECTED SURPLUS-  ?

Not sure what the exact numbers are, but it should still be balanced.

Uh, not sure what the representative is trying to offer with regard to the corporate tax. It says 0-499,999 is 0%, and 500,000,000-$2,499,999,999 is 5%. What is the rate supposed to be for the missed range in between? - i.e. 500,000 to 499,999,999
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AGA
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« Reply #57 on: March 24, 2021, 04:52:14 PM »
Quote from: Lincoln Speaker Dwarven Dragon on March 24, 2021, 04:47:50 PM
Quote from: AGA on March 24, 2021, 09:58:11 AM
Quote
*snip*

Not sure what the exact numbers are, but it should still be balanced.

Uh, not sure what the representative is trying to offer with regard to the corporate tax. It says 0-499,999 is 0%, and 500,000,000-$2,499,999,999 is 5%. What is the rate supposed to be for the missed range in between? - i.e. 500,000 to 499,999,999


My apologies, it's supposed to be up to $499,999,999 that's 0%.
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« Reply #58 on: March 24, 2021, 05:02:45 PM »
We don't even have scores for the original numbers.
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Former President tack50
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« Reply #59 on: March 24, 2021, 05:38:52 PM »
My personal advice for people in this chamber (especially given how costing stuff is super annoying and takes time) is to not change the brackets themselves. Rates within each bracket are easy to change as you can just assume that say, doubling the tax rate will double the income (in reality this is false and someone more economically literate than me can tell me a better formula but a bad costing method is better than no costing method)

But changing the brackets is harder to do
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« Reply #60 on: March 24, 2021, 06:21:02 PM »
Extrapolating from the numbers we had in the S019 amendment to the lower rates (which were fully scored, at least with respect to the corporate and carbon taxes which are the rate changes here) here are the calculations for the AGA amendment.

However I do need to oppose this for two reasons:

1) This amendment blows up the property tax. Under talks between S019 and a previous CG, there is a ~1.55 multiplier on the property tax at the end, which is why the S019 amendment says $280 Billion instead of the $180.54 Billion that would be reached via simple addition alone. What this amendment appears to be doing is reducing the population multiplier, rather than actually reducing any of the rates, to achieve its lower figure. That's not something we really can do...

2) Even pretending 1) isn't an issue, this is not remotely close to being balanced.

Would urge the Councillor to withdraw his amendment considering these.



Quote
An 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) + 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) + $2.5125 bn (L.C. 5.13) = $2.6425 bn

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 - 788.0095 Billion

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

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
0%   $25,000 - $49,9999 0 B
13%    $50,000 - $99,999  = 47.66125 B
22%   $100,000 - $249,999 = 125.7443459 B
29%   $250,000 -$489,999  = 26.58333 B
36%   $490,000 - $999,999 = 70.11771 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: 333.1051798 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%
Total Wealth Tax with Lincoln Population Multiplier = ($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)

Total: $240.69 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 - $499,999,999 ($0 B) = $0
5%  $500,000,000 - $2,499,999,999 = $7.02 B * .36 = $2.5272 B
25%  $2,500,000,000 + = $236.5 B * .36 = $85.14 B
Total Corporate Tax with Lincoln Population Multiplier = $87.6672

Carbon Tax (LC 2.20)
$15 per metric ton of CO2: $19.52 B

Flat Gas Tax (LC 8.5): $28.924 B

Fines

(L.C. 6.19): 0.0988656 B

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

TOTAL REVENUES - $741.4602454
===============================

PROJECTED DEFICIT - $46.5492546
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« Reply #61 on: March 24, 2021, 06:24:45 PM »
Withdrawing.
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« Reply #62 on: March 27, 2021, 03:46:07 PM »


Quote
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) + 180 bn (L.C. 6.17) =  $271.38 bn $451.38 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) + $2.5125 bn (L.C. 5.13) = $0.13bn $2.6425 bn

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.Cool +20 mil (L.C. 4.2) + 252 mil (L.C. 5.15) + 250 mil (L.C. 9.Cool = 32.49300 bn 37.995 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.Cool: $250 Million

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

TOTAL EXPENDITURES - 788.0095 Billion 968.5115 bn

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

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
0%   $25,000 - $49,9999 0 B
20% 13%    $50,000 - $99,999  73.325 B 47.66125 B
27% 22%   $100,000 - $249,999 154.3226063 B 125.7443459 B
33% 29%   $250,000 -$489,999   30.25 B 26.58333 B
39% 36%   $490,000 - $999,999 75.96085714 B 70.11771 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 333.1051798 B

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

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

Luxury Tax
30% ($6.48 B)

Wealth Tax -  0%
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)

Total: $180.54 B $280 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
5% 8%   $500,000 - $999,999 ($0.16 B) (0.256 B) * .36 = .09216 B
10%  $1,000,000 - $4,999,999 ($1.00 B) * .36 = .36 B
10% 14%  $5,000,000 - $9,999,999 ($0.68 B) (0.952 B) *.36 = .34272 B
15%  $10,000,000 - $24,999,999 ($1.94 B) * .36 = .6984 B
15% 19%  $25,000,000 - $49,999,999 ($1.82 B) 2.305 B * .36 = .8298 B
15% 23%  $50,000,000 - $99,999,999 ($2.22 B) (3.404 B) * .36 = 1.22544 B
15% 26%  $100,000,000 - $249,999,999 ($3.83 B) (6.639 B) * .36 = 2.39004 B
15% 30%  $250,000,000 - $499,999,999 ($4.45 B) (8.9 B) * .36 = 3.204 B
15% 32%  $500,000,000 - $2,499,999,999 ($21.09 B) (44.902 B) *.36 = 16.16472 B
15% 36%  $2,500,000,000 + ($141.91 B) (340.56 B) *.36 = 122.6016 B
Total Corporate Tax with Lincoln Population Multiplier = ($55.86 B) ($148.00608 B)

Carbon Tax (LC 2.20)
28$ $33 per metric ton of CO2: $36.4312 INSERT NEW NUMBER HERE B

Flat Gas Tax (LC 8.5): $28.924 B

Fines

(L.C. 6.19): 0.0988656 B

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

TOTAL REVENUES - 728.4614598 B 867.330324 B
===============================

PROJECTED SURPLUS DEFICIT-  79.32082536 Billion $-101.1811746 bn



So I have gotten more costs back, also our property tax was still scored incorrectly, for reference, I was told we'd get around $300 billion from the top bracket alone, I am waiting for full property tax numbers, but for that reason, don't worry that we have a deficit now, since it'll be erased once I get full numbers. Also proposing a carbon tax hike, if you want to know why, please see L.C. 10.13
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« Reply #63 on: March 27, 2021, 03:49:23 PM »
I won't support anything with a wealth tax.
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« Reply #64 on: March 27, 2021, 03:51:32 PM »
Quote from: AGA on March 27, 2021, 03:49:23 PM
I won't support anything with a wealth tax.

Is this an objection to my amendment, since the wealth tax is something from the last budget?
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« Reply #65 on: March 27, 2021, 04:15:23 PM »
Quote from: Clinton/Kaine/ Northam/ Biden/Warner voter for Cox on March 27, 2021, 03:51:32 PM
Quote from: AGA on March 27, 2021, 03:49:23 PM
I won't support anything with a wealth tax.

Is this an objection to my amendment, since the wealth tax is something from the last budget?

No.
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« Reply #66 on: March 27, 2021, 06:23:39 PM »
I urge the Council to send me this budget as soon as possible.
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S019
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« Reply #67 on: March 27, 2021, 06:37:38 PM »
« Edited: March 27, 2021, 06:48:21 PM by Clinton/Kaine/ Northam/ Biden/Warner voter for Cox »
L.C. 3.7 Finding True North Act: https://talkelections.org/FORUM/index.php?topic=325737.0


Update: we are almost done, all that needs costing is the above tax credit repeal and the property tax

EDIT, these bills that we passed since, may need to be costed, though we could leave them for the next budget:

https://talkelections.org/FORUM/index.php?topic=420093.0

https://talkelections.org/FORUM/index.php?topic=421709.0

https://talkelections.org/FORUM/index.php?topic=430513.0
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« Reply #68 on: March 28, 2021, 06:29:48 PM »
So, this means we are up to date on everything except lower bracket property taxes, rail expansion, and the carbon tax hike, also edit: the 300 bn number assumed a 1% rate, since we have a 5% rate, it's actually 1.5 trillion




Quote
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) + 180 bn (L.C. 6.17) +2.377187 bn (L.C. 10.5) =  $451.38 bn 453.757187 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) + $2.5125 bn (L.C. 5.13) = $0.13bn $2.6425 bn

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 31.33389046 (inc. L 14.9) + $0.98bn (LC 1.13) + 3 mil (LC 8.2) +50 mil (L.C. 5.Cool +20 mil (L.C. 4.2) + 252 mil (L.C. 5.15) + 250 mil (L.C. 9.Cool = 37.995 bn 37.88889046 bn (-0.106109542 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.Cool: $250 Million

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

TOTAL EXPENDITURES - 968.5115 bn 968.4053905 bn

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

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
0%   $25,000 - $49,9999 0 B
20% 13%    $50,000 - $99,999  73.325 B 47.66125 B
27% 22%   $100,000 - $249,999 154.3226063 B 125.7443459 B
33% 29%   $250,000 -$489,999   30.25 B 26.58333 B
39% 36%   $490,000 - $999,999 75.96085714 B 70.11771 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 333.1051798 B

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

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

Luxury Tax
30% ($6.48 B)

Wealth Tax -  0%
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) $1500 bn

Total: $180.54 B $280 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
5% 8%   $500,000 - $999,999 ($0.16 B) (0.256 B) * .36 = .09216 B
10%  $1,000,000 - $4,999,999 ($1.00 B) * .36 = .36 B
10% 14%  $5,000,000 - $9,999,999 ($0.68 B) (0.952 B) *.36 = .34272 B
15%  $10,000,000 - $24,999,999 ($1.94 B) * .36 = .6984 B
15% 19%  $25,000,000 - $49,999,999 ($1.82 B) 2.305 B * .36 = .8298 B
15% 23%  $50,000,000 - $99,999,999 ($2.22 B) (3.404 B) * .36 = 1.22544 B
15% 26%  $100,000,000 - $249,999,999 ($3.83 B) (6.639 B) * .36 = 2.39004 B
15% 30%  $250,000,000 - $499,999,999 ($4.45 B) (8.9 B) * .36 = 3.204 B
15% 32%  $500,000,000 - $2,499,999,999 ($21.09 B) (44.902 B) *.36 = 16.16472 B
15% 36%  $2,500,000,000 + ($141.91 B) (340.56 B) *.36 = 122.6016 B
Total Corporate Tax with Lincoln Population Multiplier = ($55.86 B) ($148.00608 B)

Carbon Tax (LC 2.20)
28$ $33 per metric ton of CO2: $36.4312 INSERT NEW NUMBER HERE B

Flat Gas Tax (LC 8.5): $28.924 B

Fines

(L.C. 6.19): 0.0988656 B

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

TOTAL REVENUES - 867.330324 B 2539.730324 bn
===============================

PROJECTED DEFICIT SURPLUS-  $-101.1811746 bn 1388.947748 bn
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Attorney General, LGC Speaker, and Former PPT Dwarven Dragon
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« Reply #69 on: March 28, 2021, 06:50:56 PM »
« Edited: March 28, 2021, 06:54:17 PM by Lincoln Speaker Dwarven Dragon »
Added in the carbon tax score:

Quote from: Clinton/Kaine/ Northam/ Biden/Warner voter for Cox on March 28, 2021, 06:29:48 PM
So, this means we are up to date on everything except lower bracket property taxes, rail expansion, and the carbon tax hike, also edit: the 300 bn number assumed a 1% rate, since we have a 5% rate, it's actually 1.5 trillion




Quote
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) + 180 bn (L.C. 6.17) +2.377187 bn (L.C. 10.5) =  $451.38 bn 453.757187 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) + $2.5125 bn (L.C. 5.13) = $0.13bn $2.6425 bn

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 31.33389046 (inc. L 14.9) + $0.98bn (LC 1.13) + 3 mil (LC 8.2) +50 mil (L.C. 5.8) +20 mil (L.C. 4.2) + 252 mil (L.C. 5.15) + 250 mil (L.C. 9.8) = 37.995 bn 37.88889046 bn (-0.106109542 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 - 968.5115 bn 968.4053905 bn

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

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
0%   $25,000 - $49,9999 0 B
20% 13%    $50,000 - $99,999  73.325 B 47.66125 B
27% 22%   $100,000 - $249,999 154.3226063 B 125.7443459 B
33% 29%   $250,000 -$489,999   30.25 B 26.58333 B
39% 36%   $490,000 - $999,999 75.96085714 B 70.11771 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 333.1051798 B

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

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

Luxury Tax
30% ($6.48 B)

Wealth Tax -  0%
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)

Total with Multiplier: $180.54 B $280 B $1500 bn

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
5% 8%   $500,000 - $999,999 ($0.16 B) (0.256 B) * .36 = .09216 B
10%  $1,000,000 - $4,999,999 ($1.00 B) * .36 = .36 B
10% 14%  $5,000,000 - $9,999,999 ($0.68 B) (0.952 B) *.36 = .34272 B
15%  $10,000,000 - $24,999,999 ($1.94 B) * .36 = .6984 B
15% 19%  $25,000,000 - $49,999,999 ($1.82 B) 2.305 B * .36 = .8298 B
15% 23%  $50,000,000 - $99,999,999 ($2.22 B) (3.404 B) * .36 = 1.22544 B
15% 26%  $100,000,000 - $249,999,999 ($3.83 B) (6.639 B) * .36 = 2.39004 B
15% 30%  $250,000,000 - $499,999,999 ($4.45 B) (8.9 B) * .36 = 3.204 B
15% 32%  $500,000,000 - $2,499,999,999 ($21.09 B) (44.902 B) *.36 = 16.16472 B
15% 36%  $2,500,000,000 + ($141.91 B) (340.56 B) *.36 = 122.6016 B
Total Corporate Tax with Lincoln Population Multiplier = ($55.86 B) ($148.00608 B)

Carbon Tax (LC 2.20)
28$ $33 per metric ton of CO2: $36.4312 42.9367714281 B

Flat Gas Tax (LC 8.5): $28.924 B

Fines

(L.C. 6.19): 0.0988656 B

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

TOTAL REVENUES - 867.330324 B 2,582.6670954281 B
===============================

PROJECTED DEFICIT SURPLUS-  $-101.1811746 bn 1,614.2617049281
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« Reply #70 on: April 04, 2021, 10:23:46 PM »
« Edited: April 04, 2021, 10:28:25 PM by Clinton/Kaine/ Northam/ Biden/Warner voter for Cox »
Amendment again, scored tourist tax and scrapped property taxes on properties worth under $1 million, if the remaining bills wreck our budget, we can bring them back




Quote
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) + 180 bn (L.C. 6.17) +2.377187 bn (L.C. 10.5) =  $451.38 bn 453.757187 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) + $2.5125 bn (L.C. 5.13) = $0.13bn $2.6425 bn

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 31.33389046 (inc. L 14.9) + $0.98bn (LC 1.13) + 3 mil (LC 8.2) +50 mil (L.C. 5.Cool +20 mil (L.C. 4.2) + 252 mil (L.C. 5.15) + 250 mil (L.C. 9.Cool = 37.995 bn 37.88889046 bn (-0.106109542 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.Cool: $250 Million

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

TOTAL EXPENDITURES - 968.5115 bn 968.4053905 bn

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

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
0%   $25,000 - $49,9999 0 B
20% 13%    $50,000 - $99,999  73.325 B 47.66125 B
27% 22%   $100,000 - $249,999 154.3226063 B 125.7443459 B
33% 29%   $250,000 -$489,999   30.25 B 26.58333 B
39% 36%   $490,000 - $999,999 75.96085714 B 70.11771 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 333.1051798 B

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

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

Luxury Tax
30% ($6.48 B)

Wealth Tax -  0%
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 $1500 bn)

Total with Multiplier: $180.54 B $280 B $1500 bn

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
5% 8%   $500,000 - $999,999 ($0.16 B) (0.256 B) * .36 = .09216 B
10%  $1,000,000 - $4,999,999 ($1.00 B) * .36 = .36 B
10% 14%  $5,000,000 - $9,999,999 ($0.68 B) (0.952 B) *.36 = .34272 B
15%  $10,000,000 - $24,999,999 ($1.94 B) * .36 = .6984 B
15% 19%  $25,000,000 - $49,999,999 ($1.82 B) 2.305 B * .36 = .8298 B
15% 23%  $50,000,000 - $99,999,999 ($2.22 B) (3.404 B) * .36 = 1.22544 B
15% 26%  $100,000,000 - $249,999,999 ($3.83 B) (6.639 B) * .36 = 2.39004 B
15% 30%  $250,000,000 - $499,999,999 ($4.45 B) (8.9 B) * .36 = 3.204 B
15% 32%  $500,000,000 - $2,499,999,999 ($21.09 B) (44.902 B) *.36 = 16.16472 B
15% 36%  $2,500,000,000 + ($141.91 B) (340.56 B) *.36 = 122.6016 B
Total Corporate Tax with Lincoln Population Multiplier = ($55.86 B) ($148.00608 B)

Carbon Tax (LC 2.20)
28$ $33 per metric ton of CO2: $36.4312 42.9367714281 B

Flat Gas Tax (LC 8.5): $28.924 B

Tourist Tax (L.C. 4.3): 0.1245052828 B

Fines

(L.C. 6.19): 0.0988656 B

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

TOTAL REVENUES - 2,582.6670954281 B 2582.791601 B
===============================

PROJECTED DEFICIT SURPLUS-  1,614.2617049281 1614.38621 B
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« Reply #71 on: April 04, 2021, 10:59:54 PM »
One final amendment and last piece of legislation to be scored (yay!)

I think we should move for a final vote in 24 hours (when the objection time for this amend is over)




Quote
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) + 180 bn (L.C. 6.17) +2.377187 bn (L.C. 10.5) =  $451.38 bn 453.757187 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) + $2.5125 bn (L.C. 5.13) = $0.13bn $2.6425 bn

Transport - $54.18bn + $0.48bn (L 15.6) + $313.4737258 B (L.C. 9.14) =$54.66bn 368.1337358 bn

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 31.33389046 (inc. L 14.9) + $0.98bn (LC 1.13) + 3 mil (LC 8.2) +50 mil (L.C. 5.Cool +20 mil (L.C. 4.2) + 252 mil (L.C. 5.15) + 250 mil (L.C. 9.Cool = 37.995 bn 37.88889046 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.Cool: $250 Million

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

TOTAL EXPENDITURES - 968.4053905 bn $1336.539116 B

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

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
0%   $25,000 - $49,9999 0 B
20% 13%    $50,000 - $99,999  73.325 B 47.66125 B
27% 22%   $100,000 - $249,999 154.3226063 B 125.7443459 B
33% 29%   $250,000 -$489,999   30.25 B 26.58333 B
39% 36%   $490,000 - $999,999 75.96085714 B 70.11771 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 333.1051798 B

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

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

Luxury Tax
30% ($6.48 B)

Wealth Tax -  0%
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 $1500 bn)

Total with Multiplier: $180.54 B $280 B $1500 bn

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
5% 8%   $500,000 - $999,999 ($0.16 B) (0.256 B) * .36 = .09216 B
10%  $1,000,000 - $4,999,999 ($1.00 B) * .36 = .36 B
10% 14%  $5,000,000 - $9,999,999 ($0.68 B) (0.952 B) *.36 = .34272 B
15%  $10,000,000 - $24,999,999 ($1.94 B) * .36 = .6984 B
15% 19%  $25,000,000 - $49,999,999 ($1.82 B) 2.305 B * .36 = .8298 B
15% 23%  $50,000,000 - $99,999,999 ($2.22 B) (3.404 B) * .36 = 1.22544 B
15% 26%  $100,000,000 - $249,999,999 ($3.83 B) (6.639 B) * .36 = 2.39004 B
15% 30%  $250,000,000 - $499,999,999 ($4.45 B) (8.9 B) * .36 = 3.204 B
15% 32%  $500,000,000 - $2,499,999,999 ($21.09 B) (44.902 B) *.36 = 16.16472 B
15% 36%  $2,500,000,000 + ($141.91 B) (340.56 B) *.36 = 122.6016 B
Total Corporate Tax with Lincoln Population Multiplier = ($55.86 B) ($148.00608 B)

Carbon Tax (LC 2.20)
28$ $33 per metric ton of CO2: $36.4312 42.9367714281 B

Flat Gas Tax (LC 8.5): $28.924 B

Tourist Tax (L.C. 4.3): 0.1245052828 B

Fines

(L.C. 6.19): 0.0988656 B

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

TOTAL REVENUES - 2,582.6670954281 B 2582.791601 B
===============================

PROJECTED DEFICIT SURPLUS-   1614.38621 B 1246.252484 B
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« Reply #72 on: April 04, 2021, 11:40:25 PM »
This amendment is the same as above, but without the wealth tax.

Quote
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) + 180 bn (L.C. 6.17) +2.377187 bn (L.C. 10.5) =  $451.38 bn 453.757187 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) + $2.5125 bn (L.C. 5.13) = $0.13bn $2.6425 bn

Transport - $54.18bn + $0.48bn (L 15.6) + $313.4737258 B (L.C. 9.14) =$54.66bn 368.1337358 bn

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 31.33389046 (inc. L 14.9) + $0.98bn (LC 1.13) + 3 mil (LC 8.2) +50 mil (L.C. 5.8) +20 mil (L.C. 4.2) + 252 mil (L.C. 5.15) + 250 mil (L.C. 9.8) = 37.995 bn 37.88889046 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 - 968.4053905 bn $1336.539116 B

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

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
0%   $25,000 - $49,9999 0 B
20% 13%    $50,000 - $99,999  73.325 B 47.66125 B
27% 22%   $100,000 - $249,999 154.3226063 B 125.7443459 B
33% 29%   $250,000 -$489,999   30.25 B 26.58333 B
39% 36%   $490,000 - $999,999 75.96085714 B 70.11771 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 333.1051798 B

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

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

Luxury Tax
30% ($6.48 B)

Wealth Tax -  0%

Total Wealth Tax with Lincoln Population Multiplier = $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 $1500 bn)

Total with Multiplier: $180.54 B $280 B $1500 bn

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
5% 8%   $500,000 - $999,999 ($0.16 B) (0.256 B) * .36 = .09216 B
10%  $1,000,000 - $4,999,999 ($1.00 B) * .36 = .36 B
10% 14%  $5,000,000 - $9,999,999 ($0.68 B) (0.952 B) *.36 = .34272 B
15%  $10,000,000 - $24,999,999 ($1.94 B) * .36 = .6984 B
15% 19%  $25,000,000 - $49,999,999 ($1.82 B) 2.305 B * .36 = .8298 B
15% 23%  $50,000,000 - $99,999,999 ($2.22 B) (3.404 B) * .36 = 1.22544 B
15% 26%  $100,000,000 - $249,999,999 ($3.83 B) (6.639 B) * .36 = 2.39004 B
15% 30%  $250,000,000 - $499,999,999 ($4.45 B) (8.9 B) * .36 = 3.204 B
15% 32%  $500,000,000 - $2,499,999,999 ($21.09 B) (44.902 B) *.36 = 16.16472 B
15% 36%  $2,500,000,000 + ($141.91 B) (340.56 B) *.36 = 122.6016 B
Total Corporate Tax with Lincoln Population Multiplier = ($55.86 B) ($148.00608 B)

Carbon Tax (LC 2.20)
28$ $33 per metric ton of CO2: $36.4312 42.9367714281 B

Flat Gas Tax (LC 8.5): $28.924 B

Tourist Tax (L.C. 4.3): 0.1245052828 B

Fines

(L.C. 6.19): 0.0988656 B

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

TOTAL REVENUES - 2,582.6670954281 B 2582.791601 B
===============================

PROJECTED DEFICIT SURPLUS-   1614.38621 B 1206.942484 B
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« Reply #73 on: April 04, 2021, 11:42:45 PM »
Objection, I don't see a reason for scrapping the wealth tax
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Attorney General, LGC Speaker, and Former PPT Dwarven Dragon
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« Reply #74 on: April 04, 2021, 11:44:09 PM »
Starting a vote on eliminating the Wealth Tax.


Abstain
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