LGC 3.6 - Lincoln 2021-2022 Budget

[RC (a la Frémont)]

IN THE LINCOLN COUNCIL

A RESOLUTION

Establishing the budget for the Lincoln Government lasting from October 2021 until September 2022

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. +20 mil (L.C. 4.2) + 252 mil (L.C. 5.15) + 250 mil (L.C. 9. = 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.: $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

Sponsor: Dwarven Dragon

Sponsor, please advocate for your budget, all members are welcome to submit amendments.

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

So this is just the final version of last year's budget with dates updated for now. Putting this up so we can get started on doing the calculations of recent spending and tax changes. This involves going through the bill threads and determining what we've done since the last budget passed. In the absence of a CG (and a GM who actually cares), these will need to be back of the envelope calculations. I would appreciate any help on this, and the update will be put into a manager's amendment once complete.

This is also the time to debate what taxes we want to take out from the current long list of taxes in the existing budget. We have the ability to override a veto if necessary so should not shy away from coming to an agreement on a reduction of the number of taxes being levied.

I look forward to an open debate. I also ask the Speaker to bring forward the CR I posted so we can keep the government open as we deliberate (we have 8 bill slots remember).

[S019]

I will remind everyone that everyone making under $490,000 got a tax cut under the last proposal, I don't really see the argument for these taxes being too high.

[RC (a la Frémont)]

Anyone have amendments or comments to offer?

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

Calculations, Part 1:

Remaining Matters from the 9th Lincoln Council:

L.C. 9.16 - Scott's Safe Seniors Act - While the silver alert is established from existing amber alert infrastructure/funds, there could be additional costs as states may apply for grants. However, with no guidance available from an active GM department on whether any grants have been requested, costs cannot be calculated at this time.

L.C. 9.17 - To support local and family-owned farms in the region of Lincoln - Costs are highly variable based on market price of goods in a given area, and cannot be calculated in the absence of an active GM Department.

Remaining Matters from the 10th Lincoln Council:

L.C. 10.9 Further Extension of the No Need to Spread Disease Act & L.C. 10.12 Open Schools Act: This legislation, which established Lincoln's covid restrictions for earlier parts of 2021, summarily expired on July 20th as the region returned to normal operations.

ACTION: Cost of $1 Billion to be paid in this budget from "e) A $1 billion fund shall be established to allocate funding to districts which demonstrate need for assistance purchasing adequate PPE."


Normally there would be savings from this expiration, but since we appear to have forgotten to include the costs when we wrote the 2020-21 budget, there's nothing to remove.

L.C. 10.11 Lincoln Pain-Capable Abortion Prohibition and Born Alive Survivor Protection Act

Per this analysis of a similar RL bill: https://www.cbo.gov/sites/default/files/cbofiles/attachments/hr1797.pdf

"CBO estimates that enacting H.R. 1797 would generate changes in direct spending that would increase federal budget deficits by $75 million over the 2014-2018 period and $225 million over the 2014-2023 period."

While this is nationwide, both the somewhat outdated nature of these figures and the additional born-alive protections in our bill lead me to use the full calculation: $225 Million/10 = Add $22.5 Million of Spending

L.C. 10.14 FF Act - This analysis of a similar proposed FL law projected costs of $26.9 Million Annually: https://www.thecentersquare.com/florida/assault-weapon-ban-would-cost-26-9-million-its-registry-millions-more-to-build-defend/article_edf30b96-d0b6-11e9-bc22-bb1d1ca0f9e0.html

Population of Florida:
21.48 million

------

Population of the U.S: 328.2 Million/Divided by 3 since we only govern a 3rd of the country: 109.4 Million

109.4/21.48 = 5.0931

26.9*5.0931 = Add 137.00439 Million of Spending



--

Remaining Bills of the 9th and 10th Councils are either already incorporated or have negligible costs paid by the regional government.

We've now reached the end of the Lincoln Council. I will continue tomorrow with calculations for the bills passed by the 3 General Courts so far. There will be a manager's amendment at the end of this.

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

First Lincoln General Court:

LGC 1.8 Wealth Act - This re-established a tax we had removed from the budget, so we simply look up the calculation previously done.

Add $39.31 Billion of Revenue

There probably is a cost for LGC 1.12 Duplex Act, but without an active GM, we have no method to generate zoning reports from cities.

Remaining bills have none or negligible costs.

----------

Second Lincoln General Court: Funnily Enough, nearly everything the second general court tried to do either failed to pass it, got vetoed, or was withdrawn by the sponsor. Exceptions:

2.6 Resolution to push Turn 6 of the NPC campaigns to August 2021 - No cost change as States fund these and are simply spending the money later.

2.5 School selection and regionalization act - So this bill changes Lincoln property tax from being collected and spent at the local level, to instead being collected and spent at the regional level. The existing budget already includes the revenue:

5%   $1,000,000 + ($1500 bn/$1.5 Trillion)

Question is, do we actually need all this money for education? Well..

US population between ages 3 and 19: 69.67 Million doing some calculations from https://www.statista.com/statistics/241488/population-of-the-us-by-sex-and-age/

divided by 3 since we only handle a third of it: 23.23 Million

Per https://www.npr.org/sections/money/2012/06/21/155515613/how-much-does-the-government-spend-to-send-a-kid-to-school

"On average, it costs $10,615 to send a kid to public school for a year. (That's federal, state and local government spending combined.)"

10,615*23,230,000 = $246,586,450,000 = Add $246.58645 Billion in Spending

As you can see our property tax collects plenty of money for this and so this doesn't impact our ability to have a surplus.

----

Third Lincoln General Court: As we've spent this entire session either in inertia, establishing the official language, establishing activity rules, or debating secession - We haven't actually spent or raised anything! Woot!
 

Manager's Amendment in the next post for clarity.

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

Mr. Speaker, I offer the following amendment based on the calculations above (also removed unnecessary bb code):

IN THE LINCOLN COUNCIL

A RESOLUTION

Establishing the budget for the Lincoln Government lasting from October 2021 until September 2022

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) =  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) + $246.58645 Billion (LGC 2.5) = $140.82bn 387.40645 Billion

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) + $313.4737258 B (L.C. 9.14) = $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 - 31.33389046 (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) = 37.88889046 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) was one time for 2020-21, so don't need to spend it again

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

Grants - Small Business (LC 9.8): $250 Million inadvertently listed twice last year

One time additional spending - $1 Billion (L.C. 10.9)

Abortion Restriction Enforcement - $22.5 Million (L.C. 10.11)

Gun Restriction Enforcement - $109.4 Billion (L.C. 10.14)

Additionally, such amounts as may be necessary to carry out L.C. 9.16, L.C. 9.17, and LGC 1.12
===============================

APPROXIMATE TOTAL EXPENDITURES - $1336.539116 B 1653.960566 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%3%

Total Wealth Tax with Lincoln Population Multiplier = $39.31 Billion

Property tax
5%   $1,000,000 +

Total with Multiplier: $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
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 ($8.9 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)
$33 per metric ton of CO2: $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 - 2582.791601 B 2622.101601 Billion
===============================

APPROXIMATE PROJECTED SURPLUS -   1206.942484 B $968.141035 Billion

--------------

After getting through all this, I'm certainly open to reducing the income and corporate rates if members want to (or some of the random smaller taxes like the luxury tax), or we can just save this $968 Billion to use another time. Would encourage some debate on that point.

[RC (a la Frémont)]

Alright, make any objections to the amendment known, otherwise take 24 hours to vote on the amendment.

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

As there was no objection, per the SOAP the amendment is adopted.

Further Amendment:

IN THE LINCOLN COUNCIL

A RESOLUTION

Establishing the budget for the Lincoln Government lasting from October 2021 until September 2022

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) =  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) + $246.58645 Billion (LGC 2.5) = $140.82bn 387.40645 Billion

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) + $313.4737258 B (L.C. 9.14) = $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 - 31.33389046 (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) = 37.88889046 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) was one time for 2020-21, so don't need to spend it again

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

Grants - Small Business (LC 9.8): $250 Million inadvertently listed twice last year

One time additional spending - $1 Billion (L.C. 10.9)

Abortion Restriction Enforcement - $22.5 Million (L.C. 10.11)

Gun Restriction Enforcement - $109.4 Billion (L.C. 10.14)

Farming Support - $1.4 Million (L.C. 9.17)

none of the funds may be used to carry out or enforce LGC 1.12
===============================

APPROXIMATE TOTAL EXPENDITURES - $1336.539116 B 1653.961966 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%3%

Total Wealth Tax with Lincoln Population Multiplier = $39.31 Billion

Property tax
5%   $1,000,000 +

Total with Multiplier: $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
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 ($8.9 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)
$33 per metric ton of CO2: $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 - 2582.791601 B 2622.101601 Billion
===============================

APPROXIMATE PROJECTED SURPLUS -   1206.942484 B $968.139635 Billion

[RC (a la Frémont)]

Once again, make objections known, 24 hours to be adopted.

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

So that is adopted as well.

Since these are the firm base parameters now, we are free to cut taxes or whatever if that's the wish of the GC. Or should we just pass this budget as-is?

[KaiserDave]

I will insist on tax cuts for the lower brackets. I further insist on reducing the size of the surplus for these cuts and other investments.

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

I will work on a tax cut amendment for income then. Perhaps simplify the corporate rates somewhat if there's enough money leftover.

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

As Promised, Tax Cuts. Also it's a good thing we decided to do this, as it forced me to redo the overall math, and somehow it got off last year. Thankfully it wasn't anything fiscally devastating. New Surplus is just shy of $400 Billion. Also we have the surpluses from the 2019 and 2020 budgets, which after correcting last year's math errors, total an additional $832 Billion. :

IN THE LINCOLN COUNCIL

A RESOLUTION

Establishing the budget for the Lincoln Government lasting from October 2021 until September 2022

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) =  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) + $246.58645 Billion (LGC 2.5) = $140.82bn 387.40645 Billion

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) + $313.4737258 B (L.C. 9.14) = $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 - 31.33389046 (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) = 37.88889046 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) was one time for 2020-21, so don't need to spend it again

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

Grants - Small Business (LC 9.8): $250 Million inadvertently listed twice last year

One time additional spending - $1 Billion (L.C. 10.9)

Abortion Restriction Enforcement - $22.5 Million (L.C. 10.11)

Gun Restriction Enforcement - $109.4 Billion (L.C. 10.14)

Farming Support - $1.4 Million (L.C. 9.17)

none of the funds may be used to carry out or enforce LGC 1.12
===============================

APPROXIMATE TOTAL EXPENDITURES - $1336.539116 B 1653.961966 Billion $1606.876661846 B

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

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 $0 B
0%   $25,000 - $49,9999 0 B
13% 5%   $50,000 - $99,999  47.66125 B 18.33125 B
22%  15% $100,000 - $249,999 125.7443459 B 85.7347812955 B
29% 22%  $250,000 -$489,999   26.58333 B 20.1666641379 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 257.459559283 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%3%

Total Wealth Tax with Lincoln Population Multiplier = $39.31 Billion

Property tax
5%   $1,000,000 +

Total with Multiplier: $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
8% 5%  $500,000 - $999,999 ($0.256$0.16 B)* .36 = .09216 .0576 B
10%  $1,000,000 - $4,999,999 ($1.00 B) * .36 = .36 B
14%10% $5,000,000 - $9,999,999 ($0.952$0.68 B)*.36 = .34272 .2448 B
15%  $10,000,000 - $24,999,999 ($1.94 B) * .36 = .6984 B
19% 15% $25,000,000 - $49,999,999 ($2.305$1.81973684211 B) * .36 = .8298.65510526315 B
23% 17% $50,000,000 - $99,999,999 ($3.404$2.516 B)* .36 = 1.22544.90576 B
26%  20% $100,000,000 - $249,999,999 ($6.639$5.10692307692 B)* .36 = 2.390041.83849230769 B
30%  22% $250,000,000 - $499,999,999 ($8.9$6.526 B)* .36 = 3.2042.3496 B
32% 24% $500,000,000 - $2,499,999,999 ($44.902$33.6765 B) *.36 = 16.1647212.12354 B
36% 28%  $2,500,000,000 + ($340.56$264.88 B) *.36 = 122.601695.3568 B
Total Corporate Tax with Lincoln Population Multiplier = ($148.00608$116.0804975709 B)

Carbon Tax (LC 2.20)
$33 per metric ton of CO2: $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 - 2582.791601 B 2622.101601 Billion2,005.4891991648 B
===============================

APPROXIMATE PROJECTED SURPLUS -   1206.942484 B $968.139635 Billion $398.6125373188 B

2019-2021 Reserves = $832.1698517509 B

We can of course tweak this if people so choose but I think the tax system is pretty solid now. Only question is if we want to tweak spending anywhere, and if so where?

[KaiserDave]

No cuts to social services, of course

[S019]

Why are you cutting corporate taxes? Corporations really do not need help.

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

No cuts to social services, of course

Of course. If anything I'd be open to hiking the welfare/health budgets but would like to hear from other GC members first.

Why are you cutting corporate taxes? Corporations really do not need help.

Because our high corporate tax rates are stifling growth, competition, and businesses staying in Lincoln. As you may recall this is something I wanted to do last year but things went on so long with so many calculation changes that I eventually just dropped the issue for the purposes of last year's budget.

[KaiserDave]

No cuts to social services, of course

Of course. If anything I'd be open to hiking the welfare/health budgets but would like to hear from other GC members first.

Why are you cutting corporate taxes? Corporations really do not need help.

Because our high corporate tax rates are stifling growth, competition, and businesses staying in Lincoln. As you may recall this is something I wanted to do last year but things went on so long with so many calculation changes that I eventually just dropped the issue for the purposes of last year's budget.

At the very least, the corporate tax cut you have right now should be scaled back.

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

Attempting to solicit feedback from other Deputies as we speak. If the Speaker is reading this, not asking for a vote on the amendment at this time, it is just a discussion draft that may get tweaked.

Corporate: I do want to keep the top rate at 28% (though not saying absolutely not on 30%/31%, convince me...) but maybe the more middle rates can be cut less or something idk.

[RC (a la Frémont)]

Attempting to solicit feedback from other Deputies as we speak. If the Speaker is reading this, not asking for a vote on the amendment at this time, it is just a discussion draft that may get tweaked.

Corporate: I do want to keep the top rate at 28% (though not saying absolutely not on 30%/31%, convince me...) but maybe the more middle rates can be cut less or something idk.

No, I'm seeing it, I do agree with S019 in the sense that corporate taxes really shouldn't be cut but every time a budget is negotiated on the state or federal level it gets hung up. What I would recommend is using the previous budget's corporate tax rate and passing the legislation.

[KaiserDave]

I will be asking for no corporate tax cut, and increases to social services. That said, I will be receptive to vast tax cuts for the poor and middle classes (if we haven't already put those in).

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

Modified Amendment. After some thought, I will nix the corporate tax cuts idea in the interest of coming to a final budget before final business commences in 10 days time. I plan to put forth standalone legislation on the issue next session. Additionally, I have boosted our Health Budget by $50 Billion and the Welfare Budget by $20 Billion.

IN THE LINCOLN COUNCIL

A RESOLUTION

Establishing the budget for the Lincoln Government lasting from October 2021 until September 2022

Resolved by the Lincoln Council convened,

Expenditures

Health - $269.89bn$319.89 bn + $1.49bn (L603) + 0 bn (L.C. 7.7) + 180 bn (L.C. 6.17) +2.377187 bn (L.C. 10.5) =  453.757187$503.757187 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) + $246.58645 Billion (LGC 2.5) = $140.82bn 387.40645 Billion

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) + $313.4737258 B (L.C. 9.14) = $368.1337358 bn

Welfare - $40.93bn $60.93 bn + $0.22bn (L 11.4.2, L 14.9) = $41.15 $61.15 bn

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 - 31.33389046 (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) = 37.88889046 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) was one time for 2020-21, so don't need to spend it again

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

Grants - Small Business (LC 9.8): $250 Million inadvertently listed twice last year

One time additional spending - $1 Billion (L.C. 10.9)

Abortion Restriction Enforcement - $22.5 Million (L.C. 10.11)

Gun Restriction Enforcement - $109.4 Billion (L.C. 10.14)

Farming Support - $1.4 Million (L.C. 9.17)

none of the funds may be used to carry out or enforce LGC 1.12
===============================

APPROXIMATE TOTAL EXPENDITURES - $1336.539116 B 1653.961966 Billion $1676.876661846 B

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

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 $0 B
0%   $25,000 - $49,9999 0 B
13% 5%   $50,000 - $99,999  47.66125 B 18.33125 B
22%  15% $100,000 - $249,999 125.7443459 B 85.7347812955 B
29% 22%  $250,000 -$489,999   26.58333 B 20.1666641379 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 257.459559283 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%3%

Total Wealth Tax with Lincoln Population Multiplier = $39.31 Billion

Property tax
5%   $1,000,000 +

Total with Multiplier: $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
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 ($8.9 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)
$33 per metric ton of CO2: $42.9367714281 B

Flat Gas Tax (LC 8.5): $28.924 $14.924 B

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

Fines (L.C. 6.19): 0.0988656 B

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

TOTAL REVENUES - 2582.791601 B 2622.101601 Billion$2022.49078159 B
===============================

APPROXIMATE PROJECTED SURPLUS -   1206.942484 B $968.139635 Billion $345.614119744 B

2019-2021 Reserves = $832.1698517509 B

This version I do formally push (either acceptance by no objection in 24 hrs or a vote)

[KaiserDave]

Is anyone else horrified by over 100 billion in gun enforcement? Sounds idiotic to me. Let’s take that down a peg.

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

Er, actually good catch. Must have mixed up something when doing that calculation.

Withdrawing that version of the amendment and putting forth this one:

IN THE LINCOLN COUNCIL

A RESOLUTION

Establishing the budget for the Lincoln Government lasting from October 2021 until September 2022

Resolved by the Lincoln Council convened,

Expenditures

Health - $269.89bn$319.89 bn + $1.49bn (L603) + 0 bn (L.C. 7.7) + 180 bn (L.C. 6.17) +2.377187 bn (L.C. 10.5) =  453.757187$503.757187 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) + $246.58645 Billion (LGC 2.5) = $140.82bn 387.40645 Billion

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) + $313.4737258 B (L.C. 9.14) = $368.1337358 bn

Welfare - $40.93bn $60.93 bn + $0.22bn (L 11.4.2, L 14.9) = $41.15 $61.15 bn

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 - 31.33389046 (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) = 37.88889046 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) was one time for 2020-21, so don't need to spend it again

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

Grants - Small Business (LC 9.8): $250 Million inadvertently listed twice last year

One time additional spending - $1 Billion (L.C. 10.9)

Abortion Restriction Enforcement - $22.5 Million (L.C. 10.11)

Gun Restriction Enforcement - $137.00439 Million (L.C. 10.14)

Farming Support - $1.4 Million (L.C. 9.17)

none of the funds may be used to carry out or enforce LGC 1.12
===============================

APPROXIMATE TOTAL EXPENDITURES - $1336.539116 B 1653.961966 Billion $1567.61366624 B

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

PROPOSED TAXES

Income tax
0.0%    $0 - $24,999 $0 B
0%   $25,000 - $49,9999 0 B
13% 5%   $50,000 - $99,999  47.66125 B 18.33125 B
22%  15% $100,000 - $249,999 125.7443459 B 85.7347812955 B
29% 22%  $250,000 -$489,999   26.58333 B 20.1666641379 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 257.459559283 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%3%

Total Wealth Tax with Lincoln Population Multiplier = $39.31 Billion

Property tax
5%   $1,000,000 +

Total with Multiplier: $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
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 ($8.9 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)
$33 per metric ton of CO2: $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 - 2582.791601 B 2622.101601 Billion$2008.49078159 B
===============================

APPROXIMATE PROJECTED SURPLUS -   1206.942484 B $968.139635 Billion $440.87711535 B

2019-2021 Reserves = $832.1698517509 B

This version I do formally push (either acceptance by no objection in 24 hrs or a vote)

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

So that's adopted, and it seems debate has ceased.

I move for a final vote.