Thursday, September 25, 2003

I know Alaska is a tough place to live, but they have it set up right. Each resident gets over 1000 dollars this year in a payment from the Gov't just for living there. Voters passed a constitutional amendment in 1976 to establish the fund as a savings account for part of Alaska's new oil revenues. The fund began paying annual dividends to residents in 1982. Alaska abolished its personal income tax in 1980, and there is no statewide sales tax.