The Imperial Dominion of the South's Legislature

[Adam Griffin]

Is our income tax currently flat?

     No, but it is pretty close to flat. The top bracket of 6% occurs at $7,000 for single filers and $10,000 for joint returns.

This sounds very similar to Georgia's income tax code. I know much is carried over from OCGA; is this the case? Just for reference, Georgia's current income tax brackets were established approximately 100 years ago and have never been updated to account for inflation since.

[Adam Griffin]

Is our income tax currently flat?

     No, but it is pretty close to flat. The top bracket of 6% occurs at $7,000 for single filers and $10,000 for joint returns.

This sounds very similar to Georgia's income tax code. I know much is carried over from OCGA; is this the case? Just for reference, Georgia's current income tax brackets were established approximately 100 years ago and have never been updated to account for inflation since.

     Yes, we do use Georgia's tax code. The brackets make more sense in that light.

I misspoke slightly before. It was established in 1929. Just another bit of information for reference; what the tax brackets would look like if adjusted for inflation.

Income Tax Rates Adjusted for Inflation, 1929-2013:

1%: <$9,730; <$12,973
2%: $9,731-$22,191; $12,974-$38,921
3%: $22,192-$48,652; $38,922-$64,869
4%: $48,653-$68,112; $64,870-$90,816
5%: $68,113-$90,817; $90,817-$129,739
6%: >$90,817; $129,739

[Adam Griffin]

The current tax system was initially designed to be a form of progressive taxation, but certainly isn't as of now. Virtually everyone pays 6% - a flat tax - which is totally regressive and antithetical to my values. Likewise, conservatives have the chance to lower taxes on many individuals by adjusting these brackets for inflation.

However, I'd favor seeing a doubling of the rates if such action were taken (2%, 4%, 6%, 8%, 10%, 12%) in order to prevent a hemorrhaging of revenue. I'm just a plain ol' prole, though.

[Adam Griffin]

I hate to interrupt this era of good feelings we've been having, but I'm just announcing here that I've put forth new legislation to lower the minimum wage.

[Adam Griffin]

In my occasional updating of the Wiki, I noticed that there have only been three bills come forth in the past two months: one of them was vetoed, and the other two (2013 Budget & Disability Employment Act) were just passed days ago.

CHOP CHOP!



Of course, a lot of this blame can be put on Ben Kenobi's shoulders

[Adam Griffin]

     Cost of commissioning a new nuclear plant is about $600 million off the top of my head. With only 11 plants, this project will be affordable for us.

Is this for a 1500 MW reactor (just going off of the original proposal; 50 reactors producing a cumulative 75 GW)? Brief browsing on the issue is giving me multiple sources that indicate the construction costs for a new 1500 MW reactor would be in the vicinity of $1.5-2 billion.

[Adam Griffin]

Anyone who wants to approach the GM about the nuclear plants is free to do so. But do we even have a GM at the moment?

You do now.  Be sure to submit any formal requests for cost estimates to my office, once I get it up and running.

[Adam Griffin]

These bills may be of particular use to the Legislature:

https://uselectionatlas.org/AFEWIKI/index.php/Nuclear_Power_Advancement_Act
https://uselectionatlas.org/AFEWIKI/index.php/Nuclear_Waste_Reprocessing_Act
https://uselectionatlas.org/AFEWIKI/index.php/Comprehensive_Protection_of_Nuclear_Power_Act

You can get the overall 5-year cost reduced by about 20% by taking advantage of the construction & reprocessing subsidies.

[Adam Griffin]

Here are the most recent financial indicators for the nation and some information on regions - in particular, the level of taxation as enacted by the 2013 IDS Budget:

Current as of 3/20/2013

National GNP & Growth Stats:

GNP: $15.06 trillion
GNP 6-Month Growth: 0.98%

2013 Projected Federal Revenue: $3.01 trillion
2013 Projected Federal Revenue As % of GDP: 19.98%

CPI (1 month) +0.22%
CPI (Last 12 months) +4.04%

Gold: $1986.45/oz
Crude Oil: $93.57/barrel

ANSE: 871.37
NASDAQ: 2298.56



*ME, MW & PAC budgets not completed for 2013; ME Regional Revenue & Revenue as % of GDP based off of 2012 budget

     

[Adam Griffin]

As a concerned citizen, I would like to offer the following amendment to the amendment to the bill, after coming to consensus with Legislator Dereich in private:

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[Adam Griffin]

At the request of a member of our legislature, would you redo the cost estimate for our nuclear bill? The number of nuclear plants has been reduced to 5.

IDS Clean Power Act - (5) 1200-MW water-pressurized reactors

Construction Costs: $11.941 billion
5-Year Operational Costs*: $4.209 billion

Total 5-Year Cost: $16.150 billion

*(Fuel, Maintenance, Staff, Decommissioning; $0.02/kWh)

[Adam Griffin]

Cornbread certainly IS delicious. But the question I want to ask is about pretzels; why the hate?

See my sig.

[Adam Griffin]

The major issue is obviously changing the nature of the region, presumably by dropping imperial titles.

Of course

[Adam Griffin]

As an informed citizen, I think the current proposed annexations are obviously the most reasonable. Can we seriously lay claim to any other Canadian territories justifiably?


I'd also like to express my deep disappointment in the inactivity of this Legislature (and of individual topics for each piece of legislation, like the less-civilized regions). Get your sh!t together, you stupid b!tches!

[Adam Griffin]

As an informed citizen, I think the current proposed annexations are obviously the most reasonable. Can we seriously lay claim to any other Canadian territories justifiably?

Quebec also has secessionist tendencies and speaks a language distinct from the rest of the nation, much as we do. Poutine y'all.

Meh, the argument could be made - trading all the other provinces . I certainly don't like how we get the least amount of territory - the South is being contained once again. I'd at least like for us to have New Brunswick.