H-17.14: Federal Budget FY 2019 (Passed) (user search)
       |           

Welcome, Guest. Please login or register.
Did you miss your activation email?
May 31, 2024, 09:35:30 PM
News: Election Simulator 2.0 Released. Senate/Gubernatorial maps, proportional electoral votes, and more - Read more

  Talk Elections
  Atlas Fantasy Elections
  Atlas Fantasy Government (Moderators: Southern Senator North Carolina Yankee, Lumine)
  H-17.14: Federal Budget FY 2019 (Passed) (search mode)
Pages: [1]
Author Topic: H-17.14: Federal Budget FY 2019 (Passed)  (Read 987 times)
Lumine
LumineVonReuental
Moderator
Atlas Icon
*****
Posts: 13,739
« on: April 21, 2019, 09:24:32 PM »
« edited: April 29, 2019, 08:50:04 PM by Lumine »

Quote
Quote
FEDERAL BUDGET: FY2019

Revenues:

Income Taxes:  $ 1,694,624,900,372.82  ($ 1694.62 billion)                          
 by tax bracket
 0-13K      10%  $ 130,787,630,929.16
 13K-50k    15%    $ 439,405,682,763.48                    
 50K-130K   25%        $ 525,757,271,234.49                    
 130K-210K  28%       $ 185,457,479,643.20                    
 210K-413K  33%       $ 213,782,135,498.63                        
 413K-441K  35%        $ 70,852,993,752.34                    
 441K+      39.6%      $ 128,581,706,551.51                      
                                            
Corporate Taxes:  $ 340,763,510,122.19  ($ 340.76 billion)
 by tax bracket                                            
 0-100K     0%        $ 0.00                
 100K-1M    15%        $ 1,678,940,033.99                
 1M-10M     21.5%    $ 4,172,280,041.70                    
 10M+       28%         $ 334,912,290,046.51                    
                                                                                          
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 $ 5.5 million; plus flat rate
 $ 29,597,609,030.69
                    
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                  
                        
Other Revenue:  $ 30.209 Billion                    
                        
Additional tax credits:  $ -39.40 Billion
                        
TOTAL Revenue: $ 3557.81 Billion


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
                            
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 ($31.18 Billion)              
$11.26 Billion.... National Science Foundation programs              
$4.55 Billion..... Department of Energy general science programs              
$15.37 Billion.... Space flight, research, and supporting activities              
              
Non-Defense Energy Spending ($52.393 Billion)              
$3.15 Billion..... Energy supply              
$1.11 Billion..... Energy conservation and preparedness              
$0.64 Billion..... Energy information, preparedness, & regulation  
$15.00 Billion.... Energy Rebate and Subsidy Act    
$32.50 Billion.... Gas Tax Act    
$-0.007 Billion…. Eliminated Ethanol Blending Rules
            
Natural resources and environment ($43.58 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  
$9.00 billion..... The Storm Surge, Coastal Flooding, and Tsunami Prevention Act of 2017    
              
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 ($0.1864 Billion)              
$-22.33 Billion... Federal Housing Loan Programs              
$2.29 Billion..... Postal service              
$2.50 Billion..... Deposit insurance              
$10.20 Billion.... Universal service fund              
$7.6964 Billion..... Other advancement of commerce
$-0.17 Billion…. Eliminated Capital Construction Grants              
              
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 ($30.425 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
$22.00 Billion…. Hurricane Emergency Funding
              
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 ($18.536 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
              
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 ($56.97 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                
              
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 ($3.899 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
              
Interest on debt ($295.40 Billion)              
$295.40 Billion... Net Interest

TOTAL Spending: $4119.5764 Billion


REVENUE:     $ 3557.81 Billion
EXPENDITURES:  $ 4119.5764 Billion
BALANCE:       $ -562.7664 Billion

Designation: H-17.14
Sponsor: TBD
Logged
Lumine
LumineVonReuental
Moderator
Atlas Icon
*****
Posts: 13,739
« Reply #1 on: April 21, 2019, 09:56:17 PM »

Right, the budget is here!

We'll be having the budget debate during the coming days, but it bears reminding that A. the Government is only funded until April 30th and B. the 2020 Budget will have to be crafted fairly soon anyway. I certainly trust the House to be very responsible with this, but it's important to note the current context.

This needs a sponsor.
Logged
Lumine
LumineVonReuental
Moderator
Atlas Icon
*****
Posts: 13,739
« Reply #2 on: April 21, 2019, 10:11:24 PM »

24 hours for objections. In any case, keep debate going!
Logged
Lumine
LumineVonReuental
Moderator
Atlas Icon
*****
Posts: 13,739
« Reply #3 on: April 23, 2019, 04:18:41 PM »

LouisvilleThunder is recognized as sponsor.

Given the context and the relevance of the budget I'd strongly urge the House to comment on it so as to not push for a vote without a debate - which I'd rather not do unless it's absolutely necessary -.
Logged
Lumine
LumineVonReuental
Moderator
Atlas Icon
*****
Posts: 13,739
« Reply #4 on: April 25, 2019, 06:53:14 PM »

Duly noted, 24 hours for objections.
Logged
Lumine
LumineVonReuental
Moderator
Atlas Icon
*****
Posts: 13,739
« Reply #5 on: April 26, 2019, 10:16:46 PM »

A vote has started!

Gentlemen, please vote AYE, NAY or ABSTAIN.
Logged
Lumine
LumineVonReuental
Moderator
Atlas Icon
*****
Posts: 13,739
« Reply #6 on: April 28, 2019, 03:17:04 PM »

This has enough votes to pass. 24 hours to change votes.
Logged
Lumine
LumineVonReuental
Moderator
Atlas Icon
*****
Posts: 13,739
« Reply #7 on: April 29, 2019, 08:49:41 PM »
« Edited: April 29, 2019, 08:59:20 PM by Lumine »

With a unanimous vote, the budget passes the House of Representatives.

Quote from: Final House Text
HOUSE RESOLUTION

Be it Resolved in Both Houses of Congress Assembled

Quote
FEDERAL BUDGET: FY2019

Revenues:

Income Taxes:  $ 1,694,624,900,372.82  ($ 1694.62 billion)                          
 by tax bracket
 0-13K      10%  $ 130,787,630,929.16
 13K-50k    15%    $ 439,405,682,763.48                    
 50K-130K   25%        $ 525,757,271,234.49                    
 130K-210K  28%       $ 185,457,479,643.20                    
 210K-413K  33%       $ 213,782,135,498.63                        
 413K-441K  35%        $ 70,852,993,752.34                    
 441K+      39.6%      $ 128,581,706,551.51                      
                                            
Corporate Taxes:  $ 340,763,510,122.19  ($ 340.76 billion)
 by tax bracket                                            
 0-100K     0%        $ 0.00                
 100K-1M    15%        $ 1,678,940,033.99                
 1M-10M     21.5%    $ 4,172,280,041.70                    
 10M+       28%         $ 334,912,290,046.51                    
                                                                                          
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 $ 5.5 million; plus flat rate
 $ 29,597,609,030.69
                    
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                  
                        
Other Revenue:  $ 30.209 Billion                    
                        
Additional tax credits:  $ -39.40 Billion
                        
TOTAL Revenue: $ 3557.81 Billion


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
                            
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 ($31.18 Billion)              
$11.26 Billion.... National Science Foundation programs              
$4.55 Billion..... Department of Energy general science programs              
$15.37 Billion.... Space flight, research, and supporting activities              
              
Non-Defense Energy Spending ($52.393 Billion)              
$3.15 Billion..... Energy supply              
$1.11 Billion..... Energy conservation and preparedness              
$0.64 Billion..... Energy information, preparedness, & regulation  
$15.00 Billion.... Energy Rebate and Subsidy Act    
$32.50 Billion.... Gas Tax Act    
$-0.007 Billion…. Eliminated Ethanol Blending Rules
            
Natural resources and environment ($43.58 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  
$9.00 billion..... The Storm Surge, Coastal Flooding, and Tsunami Prevention Act of 2017    
              
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 ($0.1864 Billion)              
$-22.33 Billion... Federal Housing Loan Programs              
$2.29 Billion..... Postal service              
$2.50 Billion..... Deposit insurance              
$10.20 Billion.... Universal service fund              
$7.6964 Billion..... Other advancement of commerce
$-0.17 Billion…. Eliminated Capital Construction Grants              
              
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 ($30.425 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
$22.00 Billion…. Hurricane Emergency Funding
              
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 ($18.536 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
              
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 ($56.97 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                
              
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 ($3.899 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
              
Interest on debt ($295.40 Billion)              
$295.40 Billion... Net Interest

TOTAL Spending: $4119.5764 Billion


REVENUE:     $ 3557.81 Billion
EXPENDITURES:  $ 4119.5764 Billion
BALANCE:       $ -562.7664 Billion

House of Representatives
Passed 9-0 in the Atlasian House of Representatives assembled,
Logged
Pages: [1]  
Jump to:  


Login with username, password and session length

Terms of Service - DMCA Agent and Policy - Privacy Policy and Cookies

Powered by SMF 1.1.21 | SMF © 2015, Simple Machines

Page created in 0.058 seconds with 11 queries.