Aug 08
If you’re familiar with Alaska then you probably know that since the 1980’s every man woman and child has received a check from the state that comes from oil revenues and the investment of those revenues. There is no state income tax and the Permanent Fund checks are taxed by the U.S. government. This year that check is expected to be just a bit over $2,000.
The state just passed a measure that will increase the Permanent Fund Dividend by $1,200 to help Alaskans cope with the increasing costs for heating and automotive fuels. So a family of four is looking at a potential $12,800.
That kind of money sure makes the federal stimulus checks seem wimpy.
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Tiffany Borges on 
August 9th, 2008 at 8:13 am
That’s a nice little bonus. oil paying for oil. Don’t forget to consider the amount you save by not having to pay state income tax. I pay almost $3,000 a year in to the state of california. I suppose you can’t count what you don’t have to spend as additional income but it’s nice to think about.