L.C. 9.9 - Lincoln Budget Fiscal 2021

[Attorney General, Senator-Elect, & 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.

[Attorney General, Senator-Elect, & 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.

[Attorney General, Senator-Elect, & 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.

[Attorney General, Senator-Elect, & Former PPT Dwarven Dragon]

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


Nay

[Attorney General, Senator-Elect, & Former PPT Dwarven Dragon]

The Ishan Amendment is rejected 1-4.

[Attorney General, Senator-Elect, & 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?

[Attorney General, Senator-Elect, & Former PPT Dwarven Dragon]

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

[Attorney General, Senator-Elect, & 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, Senator-Elect, & 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.

[Attorney General, Senator-Elect, & 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, Senator-Elect, & 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.

[Attorney General, Senator-Elect, & Former PPT Dwarven Dragon]

TAX Calculation Update

Hey, so per Encke on discord, the multiplier for corporate tax isn't .3166, it's .36. Apparently the multiplication wasn't performed correctly last year. Also the modifications need to be applied to each line, and not just cumulatively at the end. So here's both amendments recalculated, and without objection they are modified to these forms. I also added the two bills that I posted scores for above.

Additionally, L.C. 7.8 enacted a raise in the Carbon Tax rate of 4% each year. So multiply both sides by 1.04. Value is reflected below.
---

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)

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

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

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

TOTAL EXPENDITURES - $ 755.80 billion $802.243428 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) * .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

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

TOTAL REVENUES - $690.09 B $858.68703
===============================

PROJECTED DEFICIT SURPLUS - $ 65.71 B $56.443602 B

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)

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

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

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

TOTAL EXPENDITURES - $ 755.80 billion $802.243428 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) *.36 = .0972 B
5% 7%   $500,000 - $999,999 ($0.16 B) ($0.224 B) * .36 = .08064 B
10%  $1,000,000 - $4,999,999 ($1.00 B) * .36 = .36 B
10% 12%  $5,000,000 - $9,999,999 ($0.68 B) ($0.816 B) * .36 = .29376 B
15%  $10,000,000 - $24,999,999 ($1.94 B)* .36 = .6984 B
15% 16%  $25,000,000 - $49,999,999 ($1.82 B) ($1.941 B)*.36 = .69876 B
15% 17%  $50,000,000 - $99,999,999 ($2.22 B) ($2.516 B) * .36 = .90576 B
15% 18%  $100,000,000 - $249,999,999 ($3.83 B) ($4.596 B) * .36 = 1.65456 B
15% 19%  $250,000,000 - $499,999,999 ($4.45 B) ($5.636 B) * .36 = 2.02896 B
15% 23%  $500,000,000 - $2,499,999,999 ($21.09 B) ($32.388 B) *. 36 = 11.65968 B
15% 27%  $2,500,000,000 + ($141.91 B) ($255.438 B) *.36 = 91.95768 B
Total Corporate Tax with Lincoln Population Multiplier = ($55.86 B) ($110.441 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

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

TOTAL REVENUES - $690.09 B $821.122 B
===============================

PROJECTED DEFICIT SURPLUS - $ 65.71 B $18.878572 B

So as you can see, with these latest modifications added to the calculations, our surplus continues to improve.
I will be handing over a bunch of bills to the Comptroller general to further expedite the scoring process.
Oh, and regarding the "one time additional spending area" - obviously that amount needs to be updated with more current bill numbers and a more current amount. This is something that will be resolved as the scoring continues.

[Attorney General, Senator-Elect, & Former PPT Dwarven Dragon]

To be clear, all remaining legislation to score has been passed off to the Comptroller General and we await his response.

[Attorney General, Senator-Elect, & Former PPT Dwarven Dragon]

Withdrawing my amendment

[Attorney General, Senator-Elect, & Former PPT Dwarven Dragon]

Okay, so here's where we are at this point - there are a few bills that we need the comptroller general to still give us scores on, but I think we're at a pretty good estimate at this point. I won't be calling a final vote ahead of final business in case we can introduce another amendment with more calculations ahead of that point, however I do think we need to finish preparing the bill for that vote:

Accordingly, are there any objections to adopting the S019 amendment in its latest form?

[Attorney General, Senator-Elect, & Former PPT Dwarven Dragon]

And Scored:

Without objection, all previous versions of the S019 amendment are considered withdrawn.

Members have 24 hours to object to this version:

Also going to put forward an amendment, 24 hours to object


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) + 260 bn (L.C. 7.7) = $269.89bn $532.89 bn

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. +20 mil (L.C. 4.2) [/b  = $32.42bn 105.42 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.: $250 Million

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

TOTAL EXPENDITURES - $802.243428 with inflation adjustment 1.06531648 trillion

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

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
12% 13%    $25,000 - $49,9999 15.828 B 17.147 B
18% 20%    $50,000 - $99,999  65.9925 B 73.325 B
24% 27%   $100,000 - $249,999  137.17565 B 154.3226063 B
30% 33%   $250,000 -$489,999   $27.5 B 30.25 B
35% 39%   $490,000 - $999,999 $68.17 B 75.96085714 B
39% 45%   $1,000,000 +  (54.6946 B) (63.10915385 B)

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

INCOME TAX TOTAL REVENUE: $369.36075 Billion 414.1146173 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
3% 10%
Total Wealth Tax with Lincoln Population Multiplier = ($39.31 B) ($131.033333 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) * .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

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

TOTAL REVENUES - $858.68703 903.4408973 B
===============================

PROJECTED DEFICIT -  -206.629398 bn -70.1521977 bn

Also going to propose a wealth tax increase, since I think we've maxed out on the income taxes, idk how to score it though, and I'm lost trying to figure out what happened last time.

For the wealth tax I just took the amount from last year, divided by 3 to scale back to 1%, and multiplied by 10 to hit 10%. Probably not exact, but good enough.

Unless we get a number on the Tourist Tax and Pink Tax and they're great, we'll be approving a deficit, but with covid, I guess there's no way around it.

[Attorney General, Senator-Elect, & Former PPT Dwarven Dragon]

Okay, yet again we modify the S019 Amendment, and thus the 24 hour clock to object to it restarts.

Here is what we are doing:

- Defunding the Hospital Relief Act. We don't have time (at least not in this council) to formally repeal/reorient it. For now, we simply aren't going to enforce it or carry out its provisions. Therefore, no money is spent.
- Some of the previous budgets included an inflation adjustment to the spending. However, after some thought, this was 1) unscientific, and 2) would have to be done to the revenue side as well to make sense. Adding something to both sides doesn't have any effect, so really no point. So all references to that have been removed.

This, with math corrections in the Health Area and the Other Area, gets our spending down to about $785 Billion.

- Eliminating the Wealth Tax. Again, not repealing its underlying legislation, we simply won't be collecting the tax.
- Removing the income tax for anyone making below $50,000
- Removing the Gas and Diesel Taxes that were passed by the Third Council. As their underlying legislation was already repealed, the budget was the only thing keeping them in place, so we can simply remove them from the budget. The more recent Flat Gas Tax will remain in place.

This does take our revenue down pretty significantly, but without the extra health spending, a surplus still results.

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) = $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) = $32.42bn 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 - $802.243428 Billion 785.497 Billion

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

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 ($0 B)
12% 0%    $25,000 - $49,9999 15.828 B 0 B
18% 20%    $50,000 - $99,999  65.9925 B 73.325 B
24% 27%   $100,000 - $249,999  137.17565 B 154.3226063 B
30% 33%   $250,000 -$489,999   $27.5 B 30.25 B
35% 39%   $490,000 - $999,999 $68.17 B 75.96085714 B
39% 45%   $1,000,000 +  (54.6946 B) (63.10915385 B)

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

INCOME TAX TOTAL REVENUE: $369.36075 Billion 396.9676173 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% 1%
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) * .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

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

TOTAL REVENUES - $858.68703 792.3238973 B
===============================

PROJECTED DEFICIT SURPLUS-  -206.629398 bn 6.8268973 bn

[Attorney General, Senator-Elect, & Former PPT Dwarven Dragon]

Amendment is adopted.

We'll leave the final vote for final business in case any last minute adjustment needs arise.

[Attorney General, Senator-Elect, & Former PPT Dwarven Dragon]

Okay so uh, when removing the bb code from the S019 amendment to place it in the OP, I realized I was misreading the BB code for the Carbon tax, and rather than its full revenue of $36 billion was adding about $6 Billion.

It's been corrected for the version that's in the OP and is adopted without objection.

Idk if we should remove some other taxes or keep the larger surplus to get rid of existing debt.

[Attorney General, Senator-Elect, & Former PPT Dwarven Dragon]

I support the amendment.

[Attorney General, Senator-Elect, & Former PPT Dwarven Dragon]

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. +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.: $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 728.5603254 bn
===============================

PROJECTED DEFICIT SURPLUS-  81.73445976 B 79.32082536 Billion

Yet another amendment , 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?

[Attorney General, Senator-Elect, & Former PPT Dwarven Dragon]

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. +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.: $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 , 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.

[Attorney General, Senator-Elect, & Former PPT Dwarven Dragon]

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:

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.

[Attorney General, Senator-Elect, & Former PPT Dwarven Dragon]

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

[Attorney General, Senator-Elect, & Former PPT Dwarven Dragon]

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.

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