LGC 8.9 - Lincoln Budget Fiscal 2023 - Passed

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

IN THE LINCOLN COUNCIL

A RESOLUTION

Establishing the budget for the Lincoln Government lasting from October 2022 until September 2023

Resolved by the Lincoln Council convened,

Expenditures

Health - $329.4867 bn + 2.377187 bn (L.C. 10.5) =  $331.863887 bn

Pensions - $107.53200 bn + $0bn (LC 11.11) = $107.53200 bn

Education - $108.3457 bn + $ 35.63bn (LC5.05, LC6.01, L 12.9, L 13.06) + $246.58645 Billion (LGC 2.5) + $4.25 Million (LGC 4.9) + $90 Million (LGC 4.10) = 390.65640 Billion

Defence - $0.103bn + $0.03bn (L 11.22) + $2.5125 bn (L.C. 5.13) = $2.6455 bn

Transport - $55.8054 bn + $0.48bn (L 15.6) + $850 Million (LGC 4.13) + $2 Billion (LGC 5.0) + $200 Million (LGC 9.8)  = $59.3354002 bn

Welfare - $62.7579 bn + $0.22bn (L 11.4.2, L 14.9) = $62.9779 bn

General Govt - $20.8781bn + -$0.11bn (L513, L 15.9) = $20.7681 bn

Debt Interest - N/A

Protection - $24.5449 bn + $4.86bn (L 6.4.3, L 7.3.1, L 10.16.5) + 400 Million (LGC 4.16) +2 Billion (LGC 9.10) + 2 Billion (additional police surplus funds to be directed to NYC) = $33.8049 bn

Other - 32.2739071738 bn (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) - 5 bn (2021-22 over appropriation I just noticed while writing this) = 28.8289071738 bn

Grants - Public Transit (LC 8.5): $29.79172 B

Abortion Restriction Enforcement - $23.175 Million (L.C. 10.11)
Except for use in Abortions, legally performed, in cases of rape, incest, or life of the mother, the Lincoln Government shall not accept any federal money designed to fund the performance of abortions. Nor shall it re-direct other federal funds, or use its own funds, to fund the performance of abortions, except in the three cases just noted. This shall not be construed to deny the citizenry the right to obtain and provide abortions legal under L.C. 10.11, it merely mostly prohibits the use of federal or regional government funds in doing so.

Gun Restriction Enforcement - $141.1145217 Million (L.C. 10.14) + $304 Million (Supplemental funding to assist in enforcement of LGC 5.2, LGC 8.3, LGC 8.8, LGC 9.13) = $445.1145217 Million

Farming Support - $1.442 Million (L.C. 9.17)

Electric Vehicle Subsidies - $7.5 Billion (LGC 4.7)

Police Transparency - $100 Millon (LGC 4.8)

Video Game Looting Restriction - $10 Billion (LGC 6.10, LGC 6.11)

Atlake Express Fund (LGC 9.4) - $11.71878413870 B



None of the funds shall be used to implement any remaining executive orders or other action taken under the auspices of LGC 6.12 or LGC 7.1, Section 2, 2.

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

TOTAL EXPENDITURES - $1097.99323004 B

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

RESERVES & PROPOSED TAXES

SECTION I - Reserves and Mid-Year Tax Changes

A. Previous Reserves: $1.2730469671 trn

B. Tourist Tax Repeal (LGC 4.12) - Loss of $0.10375440233 bn

C. Carbon Tax Increase (LGC 4.12) - Gain of $4.33704761892 bn

D. Corporate Tax Change (LGC 4.11):

Old Rates (Oct/Nov 2021):

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) * (2/12) = 24.66768 bn raised in Oct. - Nov. 2021

New Rates:

0%  $0 - $99,999 ($0 B) * .36 = $0 bn
7%   $100,000 - $4,999,999 ($1.37057142857 B) * .36 = $0.49340571428 bn
15% $5,000,000 - $49,999,999 ($3.77973684211 B) * .36 = $1.36070526316 bn
23%  $50,000,000 - $249,999,999 ($9.27696154 B) * .36 = $3.3397061544 bn
27%  $250,000,000 - $1,500,000,000 ($26.95303125 B) * .36 = $9.70309125 bn
31%  $1,500,000,000 - 5,499,999,999 (approx. $70 B) * .36 = $25.2 bn
36%  $5,500,000,000+ (approx. $320.56 B) * .36 = $115.4016 bn

Total Corporate Tax with Lincoln Population Multiplier = ($155.498508382 bn) * (10/12) = 129.582090318 bn raised in Dec. 2021 - Sep. 2022

Expected as of October 2021 = $148.00608 bn
Actual = $154.249770318 bn

Result - Gain of $6.243690318 bn

E. Income Tax Change (LGC 4.11):

Old Rates:

0% $0- $49,999 0 B
5%   $50,000 - $99,999  18.33125 B
15% $100,000 - $249,999 85.7347812955 B
22%  $250,000 -$489,999 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: 257.459559283 B * (2/12) = 42.9099265472 bn raised in Oct.-Nov. 2021

New Rates:

0.0%    $0 - $89,999 0 B
8%  $90,000 - $249,999 51.5912166909 B
20%  $250,000 -$489,999 18.3333310345 B
30%   $490,000 - $999,999 58.431425 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: $191.465126575 B * (10/12) = 159.554272146 bn raised in Dec. 2021 - Sep. 2022

Expected:  $257.459559283 B
Actual: $202.464198693 B

Result: Loss of $54.99536059 B

F. Estate Tax Reinstatement (LGC 4.11):

0%  $0 - $19,999,999 ($0 B)
10%  $20,000,000 - $39,999,999 ($0.74146666666 B)
15%  $40,000,000 - $99,999,999 (approx. $3.2868 B)
20%  $100,000,000+ (approx. $6.49 B)

Total Estate Tax with Lincoln Population Multiplier (.29) = ($3.05029733334 B) * (10/12) =

GAIN of 2.54191444445 B


G. New Reserve Amount: 1.2310705 trn


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

SECTION II - 2022-23 Taxes


Income tax
0.0%    $0 - $89,999 0 B
8%  $90,000 - $249,999 51.5912166909 B
15%  $250,000 -$489,999 13.7499982759 B
25%   $490,000+ 83.7534951945 B

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

INCOME TAX TOTAL REVENUE: 149.094710161* 1.03 = 153.567551466 B

Alcohol Tax
12% ($6.84 B * 1.03 = 7.0452 B)

Tobacco Tax
35% (L.C. 6.18) ($9.975 B * 1.03 = 10.27425 B)

Cannabis Tax
12% ($2.49 B) + $1.25bn (L10.25.4) = $3.74 B * 1.03 = $3.8522 B

Property tax
5%   $1,000,000 +

Total with Multiplier: $1500 bn * 1.03 = $1545 bn

Estate tax
0%  $0 - $19,999,999 ($0 B)
10%  $20,000,000 - $39,999,999 ($0.74146666666 B)
15%  $40,000,000 - $99,999,999 (approx. $3.2868 B)
20%  $100,000,000+ (approx. $6.49 B)

Total Estate Tax with Lincoln Population Multiplier (.29) = ($3.05029733334 B) * 1.03 = $3.14180625334 bn

Corporate Tax
0%  $0 - $99,999 ($0 B) * .36 = $0 bn
7%   $100,000 - $4,999,999 ($1.37057142857 B) * .36 = $0.49340571428 bn
10% $5,000,000 - $49,999,999 (2.51982456141 B) * .36 = $0.9071368421 bn
17%  $50,000,000 - $249,999,999 ($6.85688461652 B) * .36 = $2.46847846195 bn
22%   $250,000,000 - $2,499,999,999 (37.39679167 B) * .36 = $13.4628450012 bn
25%  $2,500,000,000+ (236.5 B) * .36 = $85.14 bn

Total Corporate Tax with Lincoln Population Multiplier = (102.47186602*1.03 = 105.546022 bn)

Carbon Tax (LC 2.20)
$41 per metric ton of CO2: $53.3456857 + 1.03 = 54.946056271 bn

Cap and Trade (LGC 4.7): $10.23 Billion

Atlake Express Sales Tax (LGC 9.4): $11.71878413870 B

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

TOTAL REVENUES - $1905.32187013 bn
===============================

PROJECTED 2022-23 SURPLUS - 807.32864009 bn

PROJECTED CUMULATIVE SURPLUS - 2.038399140090 trn

Sponsor: Speaker Dwarven Dragon
Occupying: Slot 4 of 8

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

So here's the baseline if you will for our budget. I did best-effort calculations for all the bills we've passed since we did our last budget (some of this was very easy, as plenty of bills were appropriated for at time of passage, which is definitely something we should keep doing, great job!), including accounting for the fact that taxes changed mid-year and adjusting our reserves accordingly. As a part of this draft, I did not include any notable spending/revenue changes not previously agreed to, with the exception that the draft assumes passage of the proposed LGC 8.8, this will be adjusted if needed. The draft assumes a 3% across the board inflationary boost for all accounts/revenue sources that existed last year - for the larger spending categories, this was added only to the main account and not the sub-accounts.

I do not intend for this to be passed this session. Final decisions on taxes may depend on who wins the gubernatorial election. I also want to provide a reasonable opportunity for anything that gets passed early in the next session to be appropriated for here immediately. Further, we have quite a bit of reserve money and I would like ideas on what to do with it, some of it should go back to the people in some form. Whether that comes in the form of sending reserve money out directly or running a deficit to force its use is something that this court and the next court can discuss.

I am simply getting the 'skeleton' out so to speak, so discussions can begin well in advance of the start of the new fiscal year beginning September 30, and so the next court is ready to go whether I am in it or not. Avoiding a continuing resolution will be greatly appreciated across the government. Any and all input is welcome during this process.

----

In my capacity as Sponsor, I hereby object to this going to a vote during final business of the 8th Court.

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

So, an amendment:

* The $313 Billion dollars in L.C. 9.14 was a one-time expense for 2021-22. We don't need it again.
* The $1.49 Billion for an "L.C. 6.03" appears to be funding something literally non-existent. L.C. 6.03 is a failed constitutional amendment. "L603", which a previous budget referred to, is an abortion restriction that has long since been repealed. We already have a current abortion restriction in law, L.C. 10.11, which is fully funded. There's no need to fund an old, repealed law.
* The $180 Billion in L.C. 6.17 was for a Covid-19 pandemic program regarding employee benefits for complying with isolation orders, and set to sunset by executive order. All remaining regional covid-19 authority, with limited exceptions, was repealed on March 13, 2022: https://talkelections.org/FORUM/index.php?topic=436488.msg8519565#msg8519565 . L.C. 6.17 does not fall under these exceptions and so has been sunsetted. As such, There's no need to fund it.
* The new limitation at the end is a clean companion piece to the proposed LGC 9.1, and further ensures that the egregious LGC 6.12 shall no longer enjoy any power.

IN THE LINCOLN COUNCIL

A RESOLUTION

Establishing the budget for the Lincoln Government lasting from October 2022 until September 2023

Resolved by the Lincoln Council convened,

Expenditures

Health - $329.4867 bn + $1.49bn (L.C. 6.03) + 180 bn (L.C. 6.17) + 2.377187 bn (L.C. 10.5) =  $513.353887 $331.863887 bn

Pensions - $107.53200 bn + $0bn (LC 11.11) = $107.53200 bn

Education - $108.3457 bn + $ 35.63bn (LC5.05, LC6.01, L 12.9, L 13.06) + $246.58645 Billion (LGC 2.5) + $4.25 Million (LGC 4.9) + $90 Million (LGC 4.10) = 390.65640 Billion

Defence - $0.103bn + $0.03bn (L 11.22) + $2.5125 bn (L.C. 5.13) = $2.6455 bn

Transport - $55.8054 bn + $0.48bn (L 15.6) + $313.4737258 B (L.C. 9.14) + $850 Million (LGC 4.13) + $2 Billion (LGC 5.0) = $372.609126 $59.1354002 bn

Welfare - $62.7579 bn + $0.22bn (L 11.4.2, L 14.9) = $62.9779 bn

General Govt - $20.8781bn + -$0.11bn (L513, L 15.9) = $20.7681 bn

Debt Interest - N/A

Protection - $24.5449 bn + $4.86bn (L 6.4.3, L 7.3.1, L 10.16.5) + 400 Million (LGC 4.16) = $29.8049 bn

Other - 32.2739071738 bn (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) - 5 bn (2021-22 over appropriation I just noticed while writing this) = 28.8289071738 bn

Grants - Public Transit (LC 8.5): $29.79172 B

Abortion Restriction Enforcement - $23.175 Million (L.C. 10.11)
Except for use in Abortions, legally performed, in cases of rape, incest, or life of the mother, the Lincoln Government shall not accept any federal money designed to fund the performance of abortions. Nor shall it re-direct other federal funds, or use its own funds, to fund the performance of abortions, except in the three cases just noted. This shall not be construed to deny the citizenry the right to obtain and provide abortions legal under L.C. 10.11, it merely mostly prohibits the use of federal or regional government funds in doing so.

Gun Restriction Enforcement - $141.1145217 Million (L.C. 10.14) + $300 Million (Supplemental funding to assist in enforcement of LGC 5.2, LGC 8.3, LGC 8.8) = $441.1145217 Million

Farming Support - $1.442 Million (L.C. 9.17)

Electric Vehicle Subsidies - $7.5 Billion (LGC 4.7)

Police Transparency - $100 Millon (LGC 4.8)

Video Game Looting Restriction - $10 Billion (LGC 6.10, LGC 6.11)

None of the funds shall be used to implement any remaining executive orders or other action taken under the auspices of LGC 6.12 or LGC 7.1, Section 2, 2.

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

TOTAL EXPENDITURES - $1577.0341717 $1082.0704459 B

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

RESERVES & PROPOSED TAXES

SECTION I - Reserves and Mid-Year Tax Changes

A. Previous Reserves: $1.2730469671 trn

B. Tourist Tax Repeal (LGC 4.12) - Loss of $0.10375440233 bn

C. Carbon Tax Increase (LGC 4.12) - Gain of $4.33704761892 bn

D. Corporate Tax Change (LGC 4.11):

Old Rates (Oct/Nov 2021):

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) * (2/12) = 24.66768 bn raised in Oct. - Nov. 2021

New Rates:

0%  $0 - $99,999 ($0 B) * .36 = $0 bn
7%   $100,000 - $4,999,999 ($1.37057142857 B) * .36 = $0.49340571428 bn
15% $5,000,000 - $49,999,999 ($3.77973684211 B) * .36 = $1.36070526316 bn
23%  $50,000,000 - $249,999,999 ($9.27696154 B) * .36 = $3.3397061544 bn
27%  $250,000,000 - $1,500,000,000 ($26.95303125 B) * .36 = $9.70309125 bn
31%  $1,500,000,000 - 5,499,999,999 (approx. $70 B) * .36 = $25.2 bn
36%  $5,500,000,000+ (approx. $320.56 B) * .36 = $115.4016 bn

Total Corporate Tax with Lincoln Population Multiplier = ($155.498508382 bn) * (10/12) = 129.582090318 bn raised in Dec. 2021 - Sep. 2022

Expected as of October 2021 = $148.00608 bn
Actual = $154.249770318 bn

Result - Gain of $6.243690318 bn

E. Income Tax Change (LGC 4.11):

Old Rates:

0% $0- $49,999 0 B
5%   $50,000 - $99,999  18.33125 B
15% $100,000 - $249,999 85.7347812955 B
22%  $250,000 -$489,999 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: 257.459559283 B * (2/12) = 42.9099265472 bn raised in Oct.-Nov. 2021

New Rates:

0.0%    $0 - $89,999 0 B
8%  $90,000 - $249,999 51.5912166909 B
20%  $250,000 -$489,999 18.3333310345 B
30%   $490,000 - $999,999 58.431425 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: $191.465126575 B * (10/12) = 159.554272146 bn raised in Dec. 2021 - Sep. 2022

Expected:  $257.459559283 B
Actual: $202.464198693 B

Result: Loss of $54.99536059 B

F. Estate Tax Reinstatement (LGC 4.11):

0%  $0 - $19,999,999 ($0 B)
10%  $20,000,000 - $39,999,999 ($0.74146666666 B)
15%  $40,000,000 - $99,999,999 (approx. $3.2868 B)
20%  $100,000,000+ (approx. $6.49 B)

Total Estate Tax with Lincoln Population Multiplier (.29) = ($3.05029733334 B) * (10/12) =

GAIN of 2.54191444445 B


G. New Reserve Amount: 1.2310705 trn


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

SECTION II - 2022-23 Taxes


Income tax
0.0%    $0 - $89,999 0 B
8%  $90,000 - $249,999 51.5912166909 B
20%  $250,000 -$489,999 18.3333310345 B
30%   $490,000 - $999,999 58.431425 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: $191.465126575 B * 1.03 = 197.209080372 B

Alcohol Tax
12% ($6.84 B * 1.03 = 7.0452 B)

Tobacco Tax
35% (L.C. 6.18) ($9.975 B * 1.03 = 10.27425 B)

Cannabis Tax
12% ($2.49 B) + $1.25bn (L10.25.4) = $3.74 B * 1.03 = $3.8522 B

Wealth Tax -  3%

Total Wealth Tax with Lincoln Population Multiplier = $39.31 Billion * 1.03 = $40.4893 B

Property tax
5%   $1,000,000 +

Total with Multiplier: $1500 bn * 1.03 = $1545 bn

Estate tax
0%  $0 - $19,999,999 ($0 B)
10%  $20,000,000 - $39,999,999 ($0.74146666666 B)
15%  $40,000,000 - $99,999,999 (approx. $3.2868 B)
20%  $100,000,000+ (approx. $6.49 B)

Total Estate Tax with Lincoln Population Multiplier (.29) = ($3.05029733334 B) * 1.03 = $3.14180625334 bn

Corporate Tax
0%  $0 - $99,999 ($0 B) * .36 = $0 bn
7%   $100,000 - $4,999,999 ($1.37057142857 B) * .36 = $0.49340571428 bn
15% $5,000,000 - $49,999,999 ($3.77973684211 B) * .36 = $1.36070526316 bn
23%  $50,000,000 - $249,999,999 ($9.27696154 B) * .36 = $3.3397061544 bn
27%  $250,000,000 - $1,500,000,000 ($26.95303125 B) * .36 = $9.70309125 bn
31%  $1,500,000,000 - 5,499,999,999 (approx. $70 B) * .36 = $25.2 bn
36%  $5,500,000,000+ (approx. $320.56 B) * .36 = $115.4016 bn

Total Corporate Tax with Lincoln Population Multiplier = ($155.498508382*1.03 = 160.163464 bn)

Carbon Tax (LC 2.20)
$41 per metric ton of CO2: $53.3456857 + 1.03 = 54.946056271 bn

Fines (L.C. 6.19): 0.0988656 B * 1.03 = 0.101831568 bn

Cap and Trade (LGC 4.7): $10.23 Billion

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

TOTAL REVENUES - $2032.45318846 bn
===============================

PROJECTED 2022-23 SURPLUS - $455.41901676 $950.38274256 bn

PROJECTED CUMULATIVE SURPLUS - $1.68648951676 $2.18145324256 trn

In light of the money this frees up and other developments, I'm working on some tax changes, but we'll have a separate debate on that.


24 hours to object to this.

[Former President tack50]

For the record making a budget is incredibly hard so I commend Wulfric's effort. I'll probably rubberstamp whatever gets sent to me so if anyone is opposed to it, be sure to speak now!

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

Amendment adopted.

Next, this amendment makes a series of tax changes in recognition of our current surplus and potential tax reform at the federal level. It also incorporates the proposed LGC 9.4, which I expect to pass, and eliminates the "fines" section, which has an inaccurate citation and isn't worth much anyways, so is not really needed.

IN THE LINCOLN COUNCIL

A RESOLUTION

Establishing the budget for the Lincoln Government lasting from October 2022 until September 2023

Resolved by the Lincoln Council convened,

Expenditures

Health - $329.4867 bn + 2.377187 bn (L.C. 10.5) =  $331.863887 bn

Pensions - $107.53200 bn + $0bn (LC 11.11) = $107.53200 bn

Education - $108.3457 bn + $ 35.63bn (LC5.05, LC6.01, L 12.9, L 13.06) + $246.58645 Billion (LGC 2.5) + $4.25 Million (LGC 4.9) + $90 Million (LGC 4.10) = 390.65640 Billion

Defence - $0.103bn + $0.03bn (L 11.22) + $2.5125 bn (L.C. 5.13) = $2.6455 bn

Transport - $55.8054 bn + $0.48bn (L 15.6) + $850 Million (LGC 4.13) + $2 Billion (LGC 5.0) = $59.1354002 bn

Welfare - $62.7579 bn + $0.22bn (L 11.4.2, L 14.9) = $62.9779 bn

General Govt - $20.8781bn + -$0.11bn (L513, L 15.9) = $20.7681 bn

Debt Interest - N/A

Protection - $24.5449 bn + $4.86bn (L 6.4.3, L 7.3.1, L 10.16.5) + 400 Million (LGC 4.16) = $29.8049 bn

Other - 32.2739071738 bn (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) - 5 bn (2021-22 over appropriation I just noticed while writing this) = 28.8289071738 bn

Grants - Public Transit (LC 8.5): $29.79172 B

Abortion Restriction Enforcement - $23.175 Million (L.C. 10.11)
Except for use in Abortions, legally performed, in cases of rape, incest, or life of the mother, the Lincoln Government shall not accept any federal money designed to fund the performance of abortions. Nor shall it re-direct other federal funds, or use its own funds, to fund the performance of abortions, except in the three cases just noted. This shall not be construed to deny the citizenry the right to obtain and provide abortions legal under L.C. 10.11, it merely mostly prohibits the use of federal or regional government funds in doing so.

Gun Restriction Enforcement - $141.1145217 Million (L.C. 10.14) + $300 Million (Supplemental funding to assist in enforcement of LGC 5.2, LGC 8.3, LGC 8.8) = $441.1145217 Million

Farming Support - $1.442 Million (L.C. 9.17)

Electric Vehicle Subsidies - $7.5 Billion (LGC 4.7)

Police Transparency - $100 Millon (LGC 4.8)

Video Game Looting Restriction - $10 Billion (LGC 6.10, LGC 6.11)

Atlake Express Fund (LGC 9.4) - $11.71878413870 B

None of the funds shall be used to implement any remaining executive orders or other action taken under the auspices of LGC 6.12 or LGC 7.1, Section 2, 2.

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

TOTAL EXPENDITURES - $1082.0704459 1093.78923004 B

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

RESERVES & PROPOSED TAXES

SECTION I - Reserves and Mid-Year Tax Changes

A. Previous Reserves: $1.2730469671 trn

B. Tourist Tax Repeal (LGC 4.12) - Loss of $0.10375440233 bn

C. Carbon Tax Increase (LGC 4.12) - Gain of $4.33704761892 bn

D. Corporate Tax Change (LGC 4.11):

Old Rates (Oct/Nov 2021):

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) * (2/12) = 24.66768 bn raised in Oct. - Nov. 2021

New Rates:

0%  $0 - $99,999 ($0 B) * .36 = $0 bn
7%   $100,000 - $4,999,999 ($1.37057142857 B) * .36 = $0.49340571428 bn
15% $5,000,000 - $49,999,999 ($3.77973684211 B) * .36 = $1.36070526316 bn
23%  $50,000,000 - $249,999,999 ($9.27696154 B) * .36 = $3.3397061544 bn
27%  $250,000,000 - $1,500,000,000 ($26.95303125 B) * .36 = $9.70309125 bn
31%  $1,500,000,000 - 5,499,999,999 (approx. $70 B) * .36 = $25.2 bn
36%  $5,500,000,000+ (approx. $320.56 B) * .36 = $115.4016 bn

Total Corporate Tax with Lincoln Population Multiplier = ($155.498508382 bn) * (10/12) = 129.582090318 bn raised in Dec. 2021 - Sep. 2022

Expected as of October 2021 = $148.00608 bn
Actual = $154.249770318 bn

Result - Gain of $6.243690318 bn

E. Income Tax Change (LGC 4.11):

Old Rates:

0% $0- $49,999 0 B
5%   $50,000 - $99,999  18.33125 B
15% $100,000 - $249,999 85.7347812955 B
22%  $250,000 -$489,999 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: 257.459559283 B * (2/12) = 42.9099265472 bn raised in Oct.-Nov. 2021

New Rates:

0.0%    $0 - $89,999 0 B
8%  $90,000 - $249,999 51.5912166909 B
20%  $250,000 -$489,999 18.3333310345 B
30%   $490,000 - $999,999 58.431425 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: $191.465126575 B * (10/12) = 159.554272146 bn raised in Dec. 2021 - Sep. 2022

Expected:  $257.459559283 B
Actual: $202.464198693 B

Result: Loss of $54.99536059 B

F. Estate Tax Reinstatement (LGC 4.11):

0%  $0 - $19,999,999 ($0 B)
10%  $20,000,000 - $39,999,999 ($0.74146666666 B)
15%  $40,000,000 - $99,999,999 (approx. $3.2868 B)
20%  $100,000,000+ (approx. $6.49 B)

Total Estate Tax with Lincoln Population Multiplier (.29) = ($3.05029733334 B) * (10/12) =

GAIN of 2.54191444445 B


G. New Reserve Amount: 1.2310705 trn


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

SECTION II - 2022-23 Taxes


Income tax
0.0%    $0 - $89,999 0 B
8%  $90,000 - $249,999 51.5912166909 B
2015%  $250,000 -$489,999 18.3333310345 13.7499982759 B
30%25%   $490,000+ - $999,999 58.431425 83.7534951945 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: $191.465126575 B 149.094710161* 1.03 = 197.209080372 153.567551466 B

Alcohol Tax
12% ($6.84 B * 1.03 = 7.0452 B)

Tobacco Tax
35% (L.C. 6.18) ($9.975 B * 1.03 = 10.27425 B)

Cannabis Tax
12% ($2.49 B) + $1.25bn (L10.25.4) = $3.74 B * 1.03 = $3.8522 B

Wealth Tax -  3%

Total Wealth Tax with Lincoln Population Multiplier = $39.31 Billion * 1.03 = $40.4893 B

Property tax
5%   $1,000,000 +

Total with Multiplier: $1500 bn * 1.03 = $1545 bn

Estate tax
0%  $0 - $19,999,999 ($0 B)
10%  $20,000,000 - $39,999,999 ($0.74146666666 B)
15%  $40,000,000 - $99,999,999 (approx. $3.2868 B)
20%  $100,000,000+ (approx. $6.49 B)

Total Estate Tax with Lincoln Population Multiplier (.29) = ($3.05029733334 B) * 1.03 = $3.14180625334 bn

Corporate Tax
0%  $0 - $99,999 ($0 B) * .36 = $0 bn
7%   $100,000 - $4,999,999 ($1.37057142857 B) * .36 = $0.49340571428 bn
15%10% $5,000,000 - $49,999,999 ($3.77973684211 2.51982456141 B) * .36 = $1.36070526316 $0.9071368421  bn
23% 17%  $50,000,000 - $249,999,999 ($9.27696154
 6.85688461652 B) * .36 = $3.3397061544 2.46847846195 bn
27% 22%   $250,000,000 - $12,500,000,000499,999,999 ($26.95303125 37.39679167 B) * .36 = $9.70309125 13.4628450012 bn
31%  $1,500,000,000 - 5,499,999,999 (approx. $70 B) * .36 = $25.2 bn
36% 25%  $52,500,000,000+ (approx. $320.56 B 236.5 B) * .36 = $115.4016 85.14 bn

Total Corporate Tax with Lincoln Population Multiplier = ($155.498508382
 102.47186602*1.03 = 160.163464 105.546022 bn)

Carbon Tax (LC 2.20)
$41 per metric ton of CO2: $53.3456857 + 1.03 = 54.946056271 bn

Fines (L.C. 6.19): 0.0988656 B * 1.03 = 0.101831568 bn

Cap and Trade (LGC 4.7): $10.23 Billion

Atlake Express Sales Tax (LGC 9.4): $11.71878413870 B

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

TOTAL REVENUES - $2032.45318846 $1905.32187013 bn
===============================

PROJECTED 2022-23 SURPLUS - $950.38274256 $811.53264009 bn

PROJECTED CUMULATIVE SURPLUS - $2.18145324256 2.042603140090  trn

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

The lingering thing in my mind is the expansive reserve fund we have from the last several years. We could rebate some of it back to the people. Or maybe there's some larger project that has merit? Looking for some input. We can also just leave it for another day if that's the consensus.

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

hearing no objection, the amendment is adopted.

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

Amendment:

- Incorporates LGC 9.8. The budget assumes the federal government rejects the project - this is to ensure we aren't overrepresenting our surplus.

- Incorporates LGC 9.10, and adds another 2 Billion for NYC Specifically.

IN THE LINCOLN COUNCIL

A RESOLUTION

Establishing the budget for the Lincoln Government lasting from October 2022 until September 2023

Resolved by the Lincoln Council convened,

Expenditures

Health - $329.4867 bn + 2.377187 bn (L.C. 10.5) =  $331.863887 bn

Pensions - $107.53200 bn + $0bn (LC 11.11) = $107.53200 bn

Education - $108.3457 bn + $ 35.63bn (LC5.05, LC6.01, L 12.9, L 13.06) + $246.58645 Billion (LGC 2.5) + $4.25 Million (LGC 4.9) + $90 Million (LGC 4.10) = 390.65640 Billion

Defence - $0.103bn + $0.03bn (L 11.22) + $2.5125 bn (L.C. 5.13) = $2.6455 bn

Transport - $55.8054 bn + $0.48bn (L 15.6) + $850 Million (LGC 4.13) + $2 Billion (LGC 5.0) + $200 Million (LGC 9.8)  = $59.13354002 bn

Welfare - $62.7579 bn + $0.22bn (L 11.4.2, L 14.9) = $62.9779 bn

General Govt - $20.8781bn + -$0.11bn (L513, L 15.9) = $20.7681 bn

Debt Interest - N/A

Protection - $24.5449 bn + $4.86bn (L 6.4.3, L 7.3.1, L 10.16.5) + 400 Million (LGC 4.16) +2 Billion (LGC 9.10) + 2 Billion (additional police surplus funds to be directed to NYC) = $2933.8049 bn

Other - 32.2739071738 bn (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) - 5 bn (2021-22 over appropriation I just noticed while writing this) = 28.8289071738 bn

Grants - Public Transit (LC 8.5): $29.79172 B

Abortion Restriction Enforcement - $23.175 Million (L.C. 10.11)
Except for use in Abortions, legally performed, in cases of rape, incest, or life of the mother, the Lincoln Government shall not accept any federal money designed to fund the performance of abortions. Nor shall it re-direct other federal funds, or use its own funds, to fund the performance of abortions, except in the three cases just noted. This shall not be construed to deny the citizenry the right to obtain and provide abortions legal under L.C. 10.11, it merely mostly prohibits the use of federal or regional government funds in doing so.

Gun Restriction Enforcement - $141.1145217 Million (L.C. 10.14) + $300 Million (Supplemental funding to assist in enforcement of LGC 5.2, LGC 8.3, LGC 8.8) = $441.1145217 Million

Farming Support - $1.442 Million (L.C. 9.17)

Electric Vehicle Subsidies - $7.5 Billion (LGC 4.7)

Police Transparency - $100 Millon (LGC 4.8)

Video Game Looting Restriction - $10 Billion (LGC 6.10, LGC 6.11)

Atlake Express Fund (LGC 9.4) - $11.71878413870 B



None of the funds shall be used to implement any remaining executive orders or other action taken under the auspices of LGC 6.12 or LGC 7.1, Section 2, 2.

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

TOTAL EXPENDITURES - $1093.78923004 1097.98923004 B

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

RESERVES & PROPOSED TAXES

SECTION I - Reserves and Mid-Year Tax Changes

A. Previous Reserves: $1.2730469671 trn

B. Tourist Tax Repeal (LGC 4.12) - Loss of $0.10375440233 bn

C. Carbon Tax Increase (LGC 4.12) - Gain of $4.33704761892 bn

D. Corporate Tax Change (LGC 4.11):

Old Rates (Oct/Nov 2021):

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) * (2/12) = 24.66768 bn raised in Oct. - Nov. 2021

New Rates:

0%  $0 - $99,999 ($0 B) * .36 = $0 bn
7%   $100,000 - $4,999,999 ($1.37057142857 B) * .36 = $0.49340571428 bn
15% $5,000,000 - $49,999,999 ($3.77973684211 B) * .36 = $1.36070526316 bn
23%  $50,000,000 - $249,999,999 ($9.27696154 B) * .36 = $3.3397061544 bn
27%  $250,000,000 - $1,500,000,000 ($26.95303125 B) * .36 = $9.70309125 bn
31%  $1,500,000,000 - 5,499,999,999 (approx. $70 B) * .36 = $25.2 bn
36%  $5,500,000,000+ (approx. $320.56 B) * .36 = $115.4016 bn

Total Corporate Tax with Lincoln Population Multiplier = ($155.498508382 bn) * (10/12) = 129.582090318 bn raised in Dec. 2021 - Sep. 2022

Expected as of October 2021 = $148.00608 bn
Actual = $154.249770318 bn

Result - Gain of $6.243690318 bn

E. Income Tax Change (LGC 4.11):

Old Rates:

0% $0- $49,999 0 B
5%   $50,000 - $99,999  18.33125 B
15% $100,000 - $249,999 85.7347812955 B
22%  $250,000 -$489,999 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: 257.459559283 B * (2/12) = 42.9099265472 bn raised in Oct.-Nov. 2021

New Rates:

0.0%    $0 - $89,999 0 B
8%  $90,000 - $249,999 51.5912166909 B
20%  $250,000 -$489,999 18.3333310345 B
30%   $490,000 - $999,999 58.431425 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: $191.465126575 B * (10/12) = 159.554272146 bn raised in Dec. 2021 - Sep. 2022

Expected:  $257.459559283 B
Actual: $202.464198693 B

Result: Loss of $54.99536059 B

F. Estate Tax Reinstatement (LGC 4.11):

0%  $0 - $19,999,999 ($0 B)
10%  $20,000,000 - $39,999,999 ($0.74146666666 B)
15%  $40,000,000 - $99,999,999 (approx. $3.2868 B)
20%  $100,000,000+ (approx. $6.49 B)

Total Estate Tax with Lincoln Population Multiplier (.29) = ($3.05029733334 B) * (10/12) =

GAIN of 2.54191444445 B


G. New Reserve Amount: 1.2310705 trn


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

SECTION II - 2022-23 Taxes


Income tax
0.0%    $0 - $89,999 0 B
8%  $90,000 - $249,999 51.5912166909 B
15%  $250,000 -$489,999 13.7499982759 B
25%   $490,000+ 83.7534951945 B

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

INCOME TAX TOTAL REVENUE: 149.094710161* 1.03 = 153.567551466 B

Alcohol Tax
12% ($6.84 B * 1.03 = 7.0452 B)

Tobacco Tax
35% (L.C. 6.18) ($9.975 B * 1.03 = 10.27425 B)

Cannabis Tax
12% ($2.49 B) + $1.25bn (L10.25.4) = $3.74 B * 1.03 = $3.8522 B

Property tax
5%   $1,000,000 +

Total with Multiplier: $1500 bn * 1.03 = $1545 bn

Estate tax
0%  $0 - $19,999,999 ($0 B)
10%  $20,000,000 - $39,999,999 ($0.74146666666 B)
15%  $40,000,000 - $99,999,999 (approx. $3.2868 B)
20%  $100,000,000+ (approx. $6.49 B)

Total Estate Tax with Lincoln Population Multiplier (.29) = ($3.05029733334 B) * 1.03 = $3.14180625334 bn

Corporate Tax
0%  $0 - $99,999 ($0 B) * .36 = $0 bn
7%   $100,000 - $4,999,999 ($1.37057142857 B) * .36 = $0.49340571428 bn
10% $5,000,000 - $49,999,999 (2.51982456141 B) * .36 = $0.9071368421 bn
17%  $50,000,000 - $249,999,999 ($6.85688461652 B) * .36 = $2.46847846195 bn
22%   $250,000,000 - $2,499,999,999 (37.39679167 B) * .36 = $13.4628450012 bn
25%  $2,500,000,000+ (236.5 B) * .36 = $85.14 bn

Total Corporate Tax with Lincoln Population Multiplier = (102.47186602*1.03 = 105.546022 bn)

Carbon Tax (LC 2.20)
$41 per metric ton of CO2: $53.3456857 + 1.03 = 54.946056271 bn

Cap and Trade (LGC 4.7): $10.23 Billion

Atlake Express Sales Tax (LGC 9.4): $11.71878413870 B

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

TOTAL REVENUES - $1905.32187013 bn
===============================

PROJECTED 2022-23 SURPLUS - $811.53264009 807.33264009 bn

PROJECTED CUMULATIVE SURPLUS - 2.042603140090 2.038403140090 trn

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

Amendment adopted

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

Amendment:

- Incorporates LGC 9.13

IN THE LINCOLN COUNCIL

A RESOLUTION

Establishing the budget for the Lincoln Government lasting from October 2022 until September 2023

Resolved by the Lincoln Council convened,

Expenditures

Health - $329.4867 bn + 2.377187 bn (L.C. 10.5) =  $331.863887 bn

Pensions - $107.53200 bn + $0bn (LC 11.11) = $107.53200 bn

Education - $108.3457 bn + $ 35.63bn (LC5.05, LC6.01, L 12.9, L 13.06) + $246.58645 Billion (LGC 2.5) + $4.25 Million (LGC 4.9) + $90 Million (LGC 4.10) = 390.65640 Billion

Defence - $0.103bn + $0.03bn (L 11.22) + $2.5125 bn (L.C. 5.13) = $2.6455 bn

Transport - $55.8054 bn + $0.48bn (L 15.6) + $850 Million (LGC 4.13) + $2 Billion (LGC 5.0) + $200 Million (LGC 9.8)  = $59.3354002 bn

Welfare - $62.7579 bn + $0.22bn (L 11.4.2, L 14.9) = $62.9779 bn

General Govt - $20.8781bn + -$0.11bn (L513, L 15.9) = $20.7681 bn

Debt Interest - N/A

Protection - $24.5449 bn + $4.86bn (L 6.4.3, L 7.3.1, L 10.16.5) + 400 Million (LGC 4.16) +2 Billion (LGC 9.10) + 2 Billion (additional police surplus funds to be directed to NYC) = $33.8049 bn

Other - 32.2739071738 bn (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) - 5 bn (2021-22 over appropriation I just noticed while writing this) = 28.8289071738 bn

Grants - Public Transit (LC 8.5): $29.79172 B

Abortion Restriction Enforcement - $23.175 Million (L.C. 10.11)
Except for use in Abortions, legally performed, in cases of rape, incest, or life of the mother, the Lincoln Government shall not accept any federal money designed to fund the performance of abortions. Nor shall it re-direct other federal funds, or use its own funds, to fund the performance of abortions, except in the three cases just noted. This shall not be construed to deny the citizenry the right to obtain and provide abortions legal under L.C. 10.11, it merely mostly prohibits the use of federal or regional government funds in doing so.

Gun Restriction Enforcement - $141.1145217 Million (L.C. 10.14) + $3004 Million (Supplemental funding to assist in enforcement of LGC 5.2, LGC 8.3, LGC 8.8, LGC 9.13) = $4415.1145217 Million

Farming Support - $1.442 Million (L.C. 9.17)

Electric Vehicle Subsidies - $7.5 Billion (LGC 4.7)

Police Transparency - $100 Millon (LGC 4.8)

Video Game Looting Restriction - $10 Billion (LGC 6.10, LGC 6.11)

Atlake Express Fund (LGC 9.4) - $11.71878413870 B



None of the funds shall be used to implement any remaining executive orders or other action taken under the auspices of LGC 6.12 or LGC 7.1, Section 2, 2.

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

TOTAL EXPENDITURES - $1097.98923004 1097.99323004 B

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

RESERVES & PROPOSED TAXES

SECTION I - Reserves and Mid-Year Tax Changes

A. Previous Reserves: $1.2730469671 trn

B. Tourist Tax Repeal (LGC 4.12) - Loss of $0.10375440233 bn

C. Carbon Tax Increase (LGC 4.12) - Gain of $4.33704761892 bn

D. Corporate Tax Change (LGC 4.11):

Old Rates (Oct/Nov 2021):

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) * (2/12) = 24.66768 bn raised in Oct. - Nov. 2021

New Rates:

0%  $0 - $99,999 ($0 B) * .36 = $0 bn
7%   $100,000 - $4,999,999 ($1.37057142857 B) * .36 = $0.49340571428 bn
15% $5,000,000 - $49,999,999 ($3.77973684211 B) * .36 = $1.36070526316 bn
23%  $50,000,000 - $249,999,999 ($9.27696154 B) * .36 = $3.3397061544 bn
27%  $250,000,000 - $1,500,000,000 ($26.95303125 B) * .36 = $9.70309125 bn
31%  $1,500,000,000 - 5,499,999,999 (approx. $70 B) * .36 = $25.2 bn
36%  $5,500,000,000+ (approx. $320.56 B) * .36 = $115.4016 bn

Total Corporate Tax with Lincoln Population Multiplier = ($155.498508382 bn) * (10/12) = 129.582090318 bn raised in Dec. 2021 - Sep. 2022

Expected as of October 2021 = $148.00608 bn
Actual = $154.249770318 bn

Result - Gain of $6.243690318 bn

E. Income Tax Change (LGC 4.11):

Old Rates:

0% $0- $49,999 0 B
5%   $50,000 - $99,999  18.33125 B
15% $100,000 - $249,999 85.7347812955 B
22%  $250,000 -$489,999 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: 257.459559283 B * (2/12) = 42.9099265472 bn raised in Oct.-Nov. 2021

New Rates:

0.0%    $0 - $89,999 0 B
8%  $90,000 - $249,999 51.5912166909 B
20%  $250,000 -$489,999 18.3333310345 B
30%   $490,000 - $999,999 58.431425 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: $191.465126575 B * (10/12) = 159.554272146 bn raised in Dec. 2021 - Sep. 2022

Expected:  $257.459559283 B
Actual: $202.464198693 B

Result: Loss of $54.99536059 B

F. Estate Tax Reinstatement (LGC 4.11):

0%  $0 - $19,999,999 ($0 B)
10%  $20,000,000 - $39,999,999 ($0.74146666666 B)
15%  $40,000,000 - $99,999,999 (approx. $3.2868 B)
20%  $100,000,000+ (approx. $6.49 B)

Total Estate Tax with Lincoln Population Multiplier (.29) = ($3.05029733334 B) * (10/12) =

GAIN of 2.54191444445 B


G. New Reserve Amount: 1.2310705 trn


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

SECTION II - 2022-23 Taxes


Income tax
0.0%    $0 - $89,999 0 B
8%  $90,000 - $249,999 51.5912166909 B
15%  $250,000 -$489,999 13.7499982759 B
25%   $490,000+ 83.7534951945 B

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

INCOME TAX TOTAL REVENUE: 149.094710161* 1.03 = 153.567551466 B

Alcohol Tax
12% ($6.84 B * 1.03 = 7.0452 B)

Tobacco Tax
35% (L.C. 6.18) ($9.975 B * 1.03 = 10.27425 B)

Cannabis Tax
12% ($2.49 B) + $1.25bn (L10.25.4) = $3.74 B * 1.03 = $3.8522 B

Property tax
5%   $1,000,000 +

Total with Multiplier: $1500 bn * 1.03 = $1545 bn

Estate tax
0%  $0 - $19,999,999 ($0 B)
10%  $20,000,000 - $39,999,999 ($0.74146666666 B)
15%  $40,000,000 - $99,999,999 (approx. $3.2868 B)
20%  $100,000,000+ (approx. $6.49 B)

Total Estate Tax with Lincoln Population Multiplier (.29) = ($3.05029733334 B) * 1.03 = $3.14180625334 bn

Corporate Tax
0%  $0 - $99,999 ($0 B) * .36 = $0 bn
7%   $100,000 - $4,999,999 ($1.37057142857 B) * .36 = $0.49340571428 bn
10% $5,000,000 - $49,999,999 (2.51982456141 B) * .36 = $0.9071368421 bn
17%  $50,000,000 - $249,999,999 ($6.85688461652 B) * .36 = $2.46847846195 bn
22%   $250,000,000 - $2,499,999,999 (37.39679167 B) * .36 = $13.4628450012 bn
25%  $2,500,000,000+ (236.5 B) * .36 = $85.14 bn

Total Corporate Tax with Lincoln Population Multiplier = (102.47186602*1.03 = 105.546022 bn)

Carbon Tax (LC 2.20)
$41 per metric ton of CO2: $53.3456857 + 1.03 = 54.946056271 bn

Cap and Trade (LGC 4.7): $10.23 Billion

Atlake Express Sales Tax (LGC 9.4): $11.71878413870 B

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

TOTAL REVENUES - $1905.32187013 bn
===============================

PROJECTED 2022-23 SURPLUS - 807.33264009 807.32864009 bn

PROJECTED CUMULATIVE SURPLUS - 2.038403140090 2.038399140090 trn

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

Amendment adopted.

Motion for a final vote.

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

A vote on this is beginning.

Aye

[ZMUN M441]

Aye

[nerd73]

Nay

[GregTheGreat657]

Aye

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

Passes 3-1

[Former President tack50]

X tack50