SB 29-25: Federal Budget FY 2022 (Passed)
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  SB 29-25: Federal Budget FY 2022 (Passed)
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Author Topic: SB 29-25: Federal Budget FY 2022 (Passed)  (Read 7218 times)
AGA
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« Reply #75 on: July 30, 2021, 01:05:01 AM »

The need to redo the tax code is vital to starting and keeping businesses in Atlasia.
You can submit an amendment to the budget to do that.

Respectfully, the whole thing needs to be reworked.
You can rework that with an amendment and you can change anything within the bill unless you are lazy. I wonder what would you want to change if you are willing to elaborate on that.
Most changes to the tax brackets that make it a more progressive system would have taxes of over 100% for high earners in Fremont and Lincoln. Until the regions change that we can't do much without causing a larger deficit or raising taxes on low earners which I think none of us want.
If you want to have a lower deficit/have a balanced budget there are a multitude of options you can undertake and you could take multiple options.

Firstly, you could always propose a program of austerity that will reduce public spending, but given that you are more left wing then most of the Labor slate in June, I highly doubt you would support that.

Secondly, you could always raise taxes on the poor and middle classes, but I highly doubt that anyone would support that unless taxes are raised for everyone and your opposition to that.

Finally, you could raise taxes on the rich, but you are opposed to having taxes above 100%. 

You can abolish regions but that isn't realistic in a pro-regional rights senate.
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I don't see the regions of Fremont and Lincoln lowering their taxes anytime soon considering that the latter needs the revenue and the former assumes the costs of state budgets.

Lincoln needs the revenue? Did you see the surplus in its last budget?
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Southern Senator North Carolina Yankee
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« Reply #76 on: August 02, 2021, 01:56:34 AM »

Friendly on the amendment offered by Scott. Senators have 24 hours to object.
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Just Passion Through
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« Reply #77 on: August 04, 2021, 04:07:49 AM »

Hearing no objection, the amendment is adopted.
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Southern Senator North Carolina Yankee
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« Reply #78 on: August 11, 2021, 11:31:00 AM »

Lets try to stay with this. We have just over a month and a half before the end of the fiscal year. Lets be on time for once.
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« Reply #79 on: August 12, 2021, 05:30:04 PM »

So, does anyone have specific proposals to change the tax code and the numbers for how revenue would be affected?
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« Reply #80 on: August 13, 2021, 08:27:29 AM »

The problem is that afaik we don’t have the numbers the GM uses for the tax calculations. I have old ones that use the same brackets and percentages, but I don’t know if we can alter the brackets themselves with those numbers accurately. Some of us need to sit down and just try to work it out here.
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Continential
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« Reply #81 on: August 13, 2021, 09:04:16 AM »

The problem is that afaik we don’t have the numbers the GM uses for the tax calculations. I have old ones that use the same brackets and percentages, but I don’t know if we can alter the brackets themselves with those numbers accurately. Some of us need to sit down and just try to work it out here.
The GM doesn't do the tax calculations, the CG if it was filled should do it. Presuming that I care, I'll probably provide calculations for the income tax in the next few days.
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« Reply #82 on: August 13, 2021, 11:00:42 AM »

The problem is that afaik we don’t have the numbers the GM uses for the tax calculations. I have old ones that use the same brackets and percentages, but I don’t know if we can alter the brackets themselves with those numbers accurately. Some of us need to sit down and just try to work it out here.
The GM doesn't do the tax calculations, the CG if it was filled should do it. Presuming that I care, I'll probably provide calculations for the income tax in the next few days.

I continue to forget that the CG even exists since it’s been empty for a while
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« Reply #83 on: August 28, 2021, 01:11:16 AM »

Bumping again seeing as it's been a whole two weeks without debate. At this rate, we're not making the deadline without CG input and we will have to pass a CR until someone can fill that role.
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Joseph Cao
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« Reply #84 on: August 30, 2021, 12:21:36 AM »

There's still a couple of bills on the floor with appropriations involved – my cybersecurity bill and Koopa's prison bill, probably more that I've forgotten. I think both are nearly in a condition to be voted on?
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« Reply #85 on: August 30, 2021, 02:55:05 AM »

There's still a couple of bills on the floor with appropriations involved – my cybersecurity bill and Koopa's prison bill, probably more that I've forgotten. I think both are nearly in a condition to be voted on?

There's also the CUBI (presumably Sev will sign it) and the Southwestern water bill that's about to be voted on.
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Southern Senator North Carolina Yankee
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« Reply #86 on: September 01, 2021, 11:23:36 AM »

Bumping again seeing as it's been a whole two weeks without debate. At this rate, we're not making the deadline without CG input and we will have to pass a CR until someone can fill that role.

If there was one thing I looked forward to becoming easier with unicameralism, it was passing the budget on time.
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Southern Senator North Carolina Yankee
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« Reply #87 on: September 18, 2021, 06:16:57 PM »

Are we any closer to addressing the CG issue?
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Attorney General, LGC Speaker, and Former PPT Dwarven Dragon
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« Reply #88 on: September 18, 2021, 09:41:49 PM »

We elected a body of 18 senators and none of you can do the math for this sort of stuff? LOL

The last Lincoln Budget had plenty of self-calculations, in fact I even did a few.
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Joseph Cao
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« Reply #89 on: September 18, 2021, 09:44:44 PM »

We elected a body of 18 senators and none of you can do the math for this sort of stuff? LOL

math is hard

(source: my main occupation IRL)
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Joseph Cao
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« Reply #90 on: September 18, 2021, 09:46:31 PM »

Anyway, the tax calculations are one thing; I assume once the appropriations bills stop coming to the floor we can round them up and do a bit more solid number crunching there. That is probably something I can help with in re: getting those bills off the floor.
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S019
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« Reply #91 on: September 19, 2021, 12:27:31 AM »

We elected a body of 18 senators and none of you can do the math for this sort of stuff? LOL

The last Lincoln Budget had plenty of self-calculations, in fact I even did a few.

Yeah can confirm this, and I'd be willing to do some or at least try if people could compile a list of stuff to be stored.
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Southern Senator North Carolina Yankee
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« Reply #92 on: September 19, 2021, 12:34:11 AM »

Anyway, the tax calculations are one thing; I assume once the appropriations bills stop coming to the floor we can round them up and do a bit more solid number crunching there. That is probably something I can help with in re: getting those bills off the floor.

We should not be changing appropriations for the FY starting October 1st this late in the year anyway. The cutoff should be something like July 1st with all other spending taking effect the following fiscal year, unless it is emergency measures.
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« Reply #93 on: October 01, 2021, 09:28:10 AM »

Let's not let this fall by the wayside. That CR obviously gives us a good deal of flexibility, but we still need to pass a budget.

So the total cost of the Southwestern Water Conservation Act (this was very easy to calculate) is $1,376,500,000.

The CUBI is for families with children making >$150,000 and pays $1,000 monthly checks. (The key variable we need to find is the number of families with minor children with a disposable income under $150,000, multiplied by 12,000 for the annual cost.)

Thankfully the TMTH Act, which we're still debating, doesn't even go in effect until the 2023 fiscal year, so we don't have to worry about that for now.

But if we're going to change the tax code we also need new figures for that.
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« Reply #94 on: October 14, 2021, 06:24:07 PM »

It's been 2 weeks since anyone's said anything.

If we need to make a special committee to sit down and crunch the numbers and get this passed, then we need to do it now before we have to make another continuing resolution.
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Attorney General, LGC Speaker, and Former PPT Dwarven Dragon
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« Reply #95 on: October 14, 2021, 06:32:59 PM »

It's been 2 weeks since anyone's said anything.

If we need to make a special committee to sit down and crunch the numbers and get this passed, then we need to do it now before we have to make another continuing resolution.

I thought you guys made the continuing resolution indefinite?

In any case yeah you have 18 people, someone/a few people needs to step up and do it because we're not going to have a CG for the foreseeable future. Lincoln just got it done and so can you.
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« Reply #96 on: October 14, 2021, 10:26:00 PM »

At least we have two tax reform bills on the floor finally. That won't make calculating this any faster but we should deal with these now while we're looking for places where cuts are possible.
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WD
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« Reply #97 on: October 15, 2021, 02:43:50 PM »

I know that there have been a flurry of amendments in the (very long) time that this budget has been on the floor, but for reference, does anyone (The PPT or others) have the current text of the budget with all amendments/changes accounted for?
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« Reply #98 on: October 15, 2021, 03:11:35 PM »

Quote from: Current Senate Text
FEDERAL BUDGET: FY2022

Section 1: Revenues

Income Taxes:  $ 1,735,038,900,000.00  ($ 1735.04 billion)                           
 by tax bracket
 0-13K      10%  $ 132,602,630,929.00
 13K-50k    15%    $ 447,780,682,763.00                   
 50K-130K   25%        $ 535,512,271,234.00               
 130K-210K  29%       $ 188,700,479,643.00                     
 210K-413K  34%       $ 220,320,135,498.00                         
 413K-441K  36%        $ 75,481,993,752.00                   
 441K+      40.6%      $ 134,640,706,551.00                     
                                           
Corporate Taxes: 25% - $ 283,333,332,500.00 ($ 283.33 billion)

Global Minimum Tax (effective FY2023): 0$       

Payroll Taxes -  $ 1,325,575,422,184.86 ($ 1,325.58 billion)
 breakdown
 OASDI: 12.4% (6.2% on employees, 6.2% on employers) - $ 912,456,391,044.15   
 RRPH: 5.0% (2.5% on employees, 2.5% on employers) - $ 367,925,964,130.71     
 FUTA: 6.0% on first $7,000 - $ 45,193,067,010.00 

Estate Tax: 45% of amount above $ 3.5 million, 50% above $ 10 million, 55% above $ 50 million
 $ 34,500,000,000.00
$16.00 Billion.... Amendment by the Responsible Estate Tax Act
Total: $50.5 Billion


New 2020 Wealth Tax
$288.00 Billion


Healthcare Taxes:
 40% Cadillac Tax -  $ 0.00 Billion 
 3.8% on Net Investment Income -  $ 12.80 Billion                             
                       
Excise Taxes/customs duties:
Carbon Tax (2018) -  $ 16.35    Billion                           
Gasoline Tax (2018) -  $ 50.00 Billion                               
Tobacco and Alcohol Taxes (2018) -  $ 24.20 Billion   
Excise taxes on health insurance providers,
pharmaceuticals, and medical devices (2018) - $ 9.90 Billion
Revenue Enhancement Act - $ 63,185,494,000.00
LIFO Repeal Offset… $ 13,000,000,000.00       

Buffett Rule Act of 2019: $46.7 Billion           
                       
Other Revenue:  $ 30.209 Billion                   
                       
Additional tax credits:  $ -39.40 Billion
                       
TOTAL Revenue:  $ 39009.40 billion


We don't even have expenditures from the past year. This should be fun.
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« Reply #99 on: October 15, 2021, 03:18:02 PM »

Here's a baseline that does not include legislation passed since the FY2021 budget did:

Quote from: Final Senate Text
Quote
Quote
FEDERAL BUDGET: FY2021

Section 1: Revenues

Income Taxes:  $ 1,735,038,900,000.00  ($ 1735.04 billion)                           
 by tax bracket
 0-13K      10%  $ 132,602,630,929.00
 13K-50k    15%    $ 447,780,682,763.00                   
 50K-130K   25%        $ 535,512,271,234.00               
 130K-210K  29%       $ 188,700,479,643.00                     
 210K-413K  34%       $ 220,320,135,498.00                         
 413K-441K  36%        $ 75,481,993,752.00                   
 441K+      40.6%      $ 134,640,706,551.00                     
                                           
Corporate Taxes:  $ 347,763,510,122.19  ($ 347.76 billion)
 by tax bracket                                           
 0-100K     0%        $ 0.00               
 100K-1M    15%        $ 2,678,940,033.99               
 1M-10M     21.5%    $ 5,172,280,041.70                   
 10M+       28%         $ 339,912,290,046.51                   
                                                                                         
Payroll Taxes -  $ 1,325,575,422,184.86 ($ 1,325.58 billion)
 breakdown
 OASDI: 12.4% (6.2% on employees, 6.2% on employers) - $ 912,456,391,044.15   
 RRPH: 5.0% (2.5% on employees, 2.5% on employers) - $ 367,925,964,130.71     
 FUTA: 6.0% on first $7,000 - $ 45,193,067,010.00 

Estate Tax: 45% of amount above $ 3.5 million, 50% above $ 10 million, 55% above $ 50 million
 $ 34,500,000,000.00
$16.00 Billion.... Amendment by the Responsible Estate Tax Act
Total: $50.5 Billion


New 2020 Wealth Tax
$288.00 Billion


Healthcare Taxes:
 40% Cadillac Tax -  $ 0.00 Billion 
 3.8% on Net Investment Income -  $ 12.80 Billion                             
                       
Excise Taxes/customs duties:
 Carbon Tax (2018) -  $ 16.35    Billion                           
 Gasoline Tax (2018) -  $ 50.00 Billion                               
 Tobacco and Alcohol Taxes (2018) -  $ 24.20 Billion   
 Excise taxes on health insurance providers,
 pharmaceuticals, and medical devices (2018) - $ 9.90 Billion
 Revenue Enhancement Act - $ 63,185,494,000.00
 LIFO Repeal Offset… $ 13,000,000,000.00       

Buffett Rule Act of 2019: $46.7 Billion           
                       
Other Revenue:  $ 30.209 Billion                   
                       
Additional tax credits:  $ -39.40 Billion
                       
TOTAL Revenue: $ 3973.83 Billion

Quote
Section 2: Spending

Military Spending ($504.358 Billion)               
$123.58 Billion... Military personnel               
$184.51 Billion... Operation and maintenance               
$106.01 Billion... Procurement               
$61.52 Billion ... Research, development, test and evaluation               
$8.47 Billion..... Military Construction, Family Housing and Other               
$12.148 Billion.... Atomic Energy Defense Activities               
$8.11 Billion..... Defense Related activities           
$0.00 Billion..... Fiscal Responsibility in our Military Act
$-15.25 Billion… F-35 Procurement Halt

                           
Military Retirement ($144.0811 Billion)                           
$75.48 Billion.... Income security for veterans               
$14.15 Billion.... Veterans education, training, and rehabilitation                           
$54.22 Billion.... Hospital and medical care for veterans and retired military (added in under Healthcare below)               
$0.38 Billion..... Housing and other veterans benefits and services             
$-0.1489 Billion…. VA Privatisation
                           
International affairs ($31.94 Billion)               
$18.88 Billion ... International development and humanitarian assistance               
$8.55 Billion..... International military aid               
$11.99 Billion.... Conduct of foreign affairs               
$1.30 Billion..... Foreign information and exchange activities 
$-8.79 Billion.... International Financial Programs             
               
General science, space, and technology ($185.18 Billion)               
$11.26 Billion.... National Science Foundation programs               
$4.55 Billion..... Department of Energy general science programs               
$169.37 Billion.... Space flight, research, and supporting activities
$154.00 Billion.... Space Exploration, Development, and Settlement Act
-$154.00 Billion.... Delay on the implementation of the Space Exploration, Development, and Settlement Act
             
               
Non-Defense Energy Spending ($47.393 Billion)               
$3.15 Billion..... Energy supply               
$1.11 Billion..... Energy conservation and preparedness               
$0.64 Billion..... Energy information, preparedness, & regulation 
$10.00 Billion.... Energy Rebate and Subsidy Act   
$32.50 Billion.... Gas Tax Act     
$-0.007 Billion…. Eliminated Ethanol Blending Rules
           
Natural resources and environment ($34.58 Billion)               
$4.89 Billion..... Water resources               
$11.54 Billion.... Conservation and land management         
$4.42 Billion..... Recreational & Park resources               
$7.18 Billion..... Pollution control and abatement                               
$6.55 Billion..... Other natural resources   
               
Agriculture ($19.532 Billion)               
$16.01 Billion.... Farm income stabilization & crop insurance               
$4.30 Billion..... Agricultural research and services
$0.03 Billion..... No More Going Hungry in Atlasia Act
$-0.8 Billion…. Eliminated marketing programs
$-0.008 Billion…. Eliminated Catfish Inspection Office
               
Commerce and Housing Loan Programs ($0.79 Billion)               
$-22.33 Billion... Federal Housing Loan Programs               
$2.69 Billion..... Postal service               
$2.50 Billion..... Deposit insurance               
$10.20 Billion.... Universal service fund               
$7.70 Billion..... Other advancement of commerce
$-0.17 Billion…. Eliminated Capital Construction Grants   
$0.20 Billion… Supporting Atlasian Entrepreneurs Act         
               
Transportation ($92.3914 Billion)               
$67.40 Billion.... Ground Transportation             
$16.20 Billion.... Air Transportation               
$8.4015 Billion..... Water transportation               
$0.38 Billion..... Other transportation     
         
               
Community and regional development ($33.425 Billion)               
$3.78 Billion..... Community development               
$2.19 Billion..... Area and regional development               
$4.02 Billion..... Disaster relief and insurance               
$2.23 Billion..... Homeless Shelter Emergency Housing               
$4.32 Billion..... Small Business Association
$0.77 Billion..... Flint Reinvestment Act
$0.08 Billion..... Refugee act           
$-11.025 Billion…. We Should Help Workers Act
$2.00 Billion…. Buy-Atlasian Contracting Rules
$10.00 Billion…. Appalachia Reinvestment Act
$15.00 Billion…. Reservation Reinvestment Act
               
Education ($73.7625 Billion)               
$39.03 Billion.... Elementary, Secondary & Vocational education               
$31.475 Billion.... Higher education               
$3.26 Billion..... Research and general education             
$0.00 Billion..... Orlando Act
$-0.0125 Billion…. Cap on certain student loans
               
Training, labor and unemployment ($19.536 Billion)               
$7.58 Billion..... Training and employment               
$1.77 Billion..... Labor law, statistics, and other administration'
$9.2 Billion...... Public Service Act         
$-0.014 Billion…. Eliminated Employee Drug Tests
$1.00 Billion.... Agency of Cooperative Enterprises (see Act to encourage the growth of worker owned enterprises)
               
Atlasian Healthcare ($1261.14 Billion)               
$423.77 Billion... Senior Healthcare
$44.31 Billion.... Veteran Healthcare
$12.90 Billion.... Federal employees' and retired employees' health benefits 
$425.42 Billion... Medical Services
$338.85 Billion... Sliding Scale Subsidies
$15.89 Billion.... Healthcare Subsidy Office (HSO) and AtlasCare Office (ACO) Administration

Non-ANH Health Spending ($67.67 Billion)               
$24.25 Billion.... Disease control, public health and bioterrorism               
$28.48 Billion.... Health research and training               
$4.24 Billion..... Consumer and occupational health and safety             
$10.00 Billion…. Opioid Epidemic Commission
$0.3 Billion.... Comprehensive Opioid Response Act
$0.40 Billion.... Women's Health Protection Act
 
               
Civilian Retirement (Social Security excluded) ($138.16 Billion)               
$8.23 Billion..... Civilian retirement and disability insurance               
$129.93 Billion... Federal employee retirement and disability               
 
Social Security ($903.24 Billion)
$868.63 Billion... Social Security Outlays
$34.60 Billion.... Social Security Administration
           
Aid to Low-Income Families ($366.50 Billion)
$40.53 Billion.... Unemployment             
$39.98 Billion.... Housing assistance               
$99.44 Billion.... Food and Nutrition Assistance (Food Stamps + WIC)       
$169.01 Billion... Other aid to low-income families               
$17.54 Billion.... Social Services           
               
Administration of justice ($51.902 Billion)               
$27.157 Billion.... Federal law enforcement
$13.938 Billion.... Federal litigation and judicial activities               
$6.2687 Billion..... Federal prison system               
$4.24 Billion..... Criminal justice assistance 
$0.74 Billion..... Federal Penitentiary Reform Act Provisions     
$-0.432 Billion…. General Criminal Justice Savings
               
General government administration ($3.87 Billion)               
$3.66 Billion..... Legislative functions               
$0.45 Billion..... Executive office programs               
$12.03 Billion.... IRS & other fiscal operations               
$1.567 Billion..... Other general government               
$-13.20 Billion…. Government Efficiency Act
$-0.62 Billion…. Eliminated Penny
$0.002 Billion…. Mandatory Tampons in Restrooms
-$0.03 Billion.... Coin Composition Revision Act

One Time Coronavirus Stimulus spending ($5295.126 Billion)
$9.226 Billion.... Coronavirus Containment and Emergency Response Act
$4807 Billion.... Economic Stimulus Act of 2020
$478.90 Billion.... JOBS AND PAY DURING THE CORONAVIRUS PANDEMIC ACT

               
Interest on debt ($295.40 Billion)               
$295.40 Billion... Net Interest

Section 3: Balance

BASE REVENUE:     $ 3973.830 Billion
Inflation Accounting: *1.012
TOTAL REVENUE: $ 4021.52 Billion

Fixed Expenditures: $ 36.05 Billion
Variable Expenditures:  $ 3979.45 Billion
One time Expenditures: $ 5295.126 Billion
Interest on Debt: $ 295.40 Billion
BASE EXPENDITURES: $9606.026 Billion
Inflation Accounting: *1.012
TOTAL EXPENDITURES: $ 9721.30 Billion
BALANCE: $ -5699.78 Billion

Section 4: Miscellaneous regulations
1. This budget shall become enacted immediately after passage
2. This budget shall ordinarily remain in efect until the 31st of December, 2021
3. All previous bills that modify the existing tax rates are hereby amended, so that their tax rates match those from this budget
4. The implementation of section 4 of the the Space Exploration, Development, and Settlement Act is hereby rolled back by 1 year and shall not apply until 2022
5. The old wealth tax from before 2020 is hereby repealed and abolished, and replaced with the new wealth tax from the Wealth Tax Act of 2020.

People's Regional Senate
Passed 4-0-0-2 in the Atlasian Senate Assembled

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