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Do they pay you to live in Alaska?

Melensdad

Melensdad

Jerk in a Hawaiian Shirt & SNOWCAT Moderator
Staff member
My sister-in-law swears that the State of Alaska pays residents to live in the state.

She thought it was something like $5000 per year per person.

Could this be true?

I don't think she has been burdened by an over abundance of brains, but I'd like some proof, either way, regarding the question.
 
It is a dividend payment like you would receive from an investment portfolio. Some years is is a couple hundred, some over one thousand. It depends on the market price of oil and is based on a three year average. It is taxed with the IRS as any dividend is. Also has to be filed on a regular 1040 form. It always struck me as odd to have a one year old file a 1040 and pay a couple hundred in taxes...
 
alaska120 said:
It is a dividend payment like you would receive from an investment portfolio. Some years is is a couple hundred, some over one thousand. It depends on the market price of oil and is based on a three year average. It is taxed with the IRS as any dividend is. Also has to be filed on a regular 1040 form. It always struck me as odd to have a one year old file a 1040 and pay a couple hundred in taxes...
Click to expand...

I think you'll find that it is based on the five year average of earnings of the portfolio, independant of the price of oil, divided by the number of applicants.

Remember Ron and Penny Zobel :doh:
 
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