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edhopper

(33,616 posts)
Sat Dec 26, 2015, 05:17 PM Dec 2015

Income Tax in Alaska? What would Sarah do?

http://www.nytimes.com/2015/12/26/us/as-oil-money-melts-alaska-mulls-first-income-tax-in-35-years.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region®ion=top-news&WT.nav=top-news&_r=0

With oil prices down along with oil production, the state is facing an Alaska-size shortfall: Two-thirds of the revenue needed to cover this year’s $5.2 billion state budget cannot be collected.

Many Alaskans are not old enough to recall times this bad. This is the nation’s least-taxed state, where oil royalties and energy taxes once paid for 90 percent of state functions. Oil money was so plentiful that residents received annual dividend checks from a state savings fund that could total more than $8,000 for a family of four — arriving each autumn, as predictable as the first snowfall.
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Income Tax in Alaska? What would Sarah do? (Original Post) edhopper Dec 2015 OP
NOOOOOOO! she might move to Texas. TexasProgresive Dec 2015 #1
No worries pinboy3niner Dec 2015 #2
HO! HO! HO! Thanks, Santa for the present. TexasProgresive Dec 2015 #3
I did see that her Arizona mansion is on the market Blue_In_AK Dec 2015 #5
Maybe she would buy Dimson's Crawford pig farm. TexasProgresive Dec 2015 #6
I didn't know that, Blue_In_AK Dec 2015 #7
We had income tax when I first moved up here Blue_In_AK Dec 2015 #4
good post nt/ edhopper Dec 2015 #8

Blue_In_AK

(46,436 posts)
5. I did see that her Arizona mansion is on the market
Sat Dec 26, 2015, 05:54 PM
Dec 2015

and rumor is that she absolutely doesn't want to live in Alaska anymore, which does my heart good.

TexasProgresive

(12,158 posts)
6. Maybe she would buy Dimson's Crawford pig farm.
Sat Dec 26, 2015, 06:03 PM
Dec 2015

That reminds me I always though it ironic that Dimdad's library was build on the site of the former swine center at TAMU and Dimson bought a former pig farm for his play Reaganese ranch.

Blue_In_AK

(46,436 posts)
4. We had income tax when I first moved up here
Sat Dec 26, 2015, 05:53 PM
Dec 2015

and it wasn't all that bad. In fact, Governor Hammond himself (the "father of the Permanent Fund&quot once said that the biggest mistake he ever made was discontinuing the income tax. Now latecomers to the state, those who have arrived in the last 35 years, have become spoiled. I for one would be happy to see the demise of our oily overlords and a return to Alaska self-sufficiency. Maybe we could go back to being a Democratic state then, as we were when statehood was first granted.

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