Alaskans get $1,174 checks from state's oil wealth

Most Alaska residents will soon be getting a check for $1,174 simply because they live there. Each person's share of the state's vast oil wealth was announced with much fanfare in Anchorage Tuesday, with Gov. Sean Parnell ripping open a gold-colored envelope to reveal the number.

This day is so widely anticipated in Alaska that the announcement of the Permanent Fund Dividend amount was carried live on television statewide, and dozens tuned in to watch a live webcast by the governor's office.

This year's check is the smallest since 2006 and $107 less than last year's amount, which was $1,281. Parnell warned the amount could diminish more in the future, given market volatilities and the fact that oil production in the state is declining.

Nonetheless, he called this year's amount "healthy." State Revenue Commissioner Bryan Butcher said 647,549 Alaskans were deemed eligible to receive dividends, and about $760.2 million is expected to be paid out. Most Alaskans will get their dividends by direct deposit Oct. 6; the rest will receive checks in the mail.

news.yahoo.com...

SOCIALISTS!!!! COMMIES!!!!

Flying the Russian and Chinese flag over there? Large framed photos of Chairman Mao in the living room?

Tea party Alaskans returning this money? WEALTH STEALERS?????

/end sarcasm

reply to post by David9176


They sure pay high gas prices there for the oil being there.

reply to post by Char-Lee


I'm paying high gas prices too...could sure use a a 1100 dollar check from exxon mobil for being such a loyal customer.....i know that's asking too much though..even though they are the most profitable company in the history of the world.

they only way the get that check is because of what?

capitalism what? CAPITALISM? did you say?

why because that money is derived from oil and that oil is a commodity that has a demand

spin it however you want but you can sure as crap say if oil had the value of air

they wouldnt be getting anything.

Guess I know where I'm moving too. Packing my things now.

reply to post by Manhater


that was the intended purpose of that check

to get people to move and live there.

capitalism at work

I thought that everyone knew that if you live in Alaska, you get a check.

They can have it man.............I cannot believe that you are even angry ...........

If I lived there I would want to get paid too.

reply to post by neo96


Spin? lol

Neo, by your standards, most Alaskan citizens are communists and socialists.

In fact, this must be increasing costs for the rest of the country! Aren't you angry that the oil companies are charging you a few more pennies to pay the commies up there?

reply to post by neo96


BS it is pure socialism. They are entitled to it because it is a natural resource that belongs to all so they have a right to the profit from it's exploitation even if they don't actually work.

Just a little numbers game here folks...

Alaska's Population... 710,231
Americas Population 308,745,538

There aren't that many people in the entire state. It's not a highly desired location. If that were CA, NY,GA or any other state the check would be for 24 Cents, we would go in debt trying to mail all the checks out.

That aside, if they have the balls to live in Alaska, give em the damn check. It's cold up there.

-C

its the same with Alberta, they get so much money from their oil that they pay each resident for living there. They are an area where they are a have province vs Ontario which isn't

reply to post by David9176


ok man

a state check for 1174 which is taxable and state and federal income

paying people and then taking the same amount and puts them in a higher tax bracket

slap whatever ism you want to.

whose sticking it to who there

mad at people who spend billions upon billions of dollars in just finding and bringing oil to market

then spend billions mores in refinement etc and then spend more billions sealing and drilling and moving on in cleanup costs.

i forget every well they drill is an instant gusher they dont drill miles to get it or the costs in machinery in pay and then billions in costs to meet epa regulations..


no im not mad why should i be they are the ones who take all the risk spend all the capital

for you and me just to simple drive to the near gas station and hit that button.

hmmm most people have no clue

My question is, will that money be taxed?

Is this socialism? Well if it were the money would be useless, they would just get their share of profit in the form of socks or boots. If the whole country was socialist there would be nothing to buy with that money. But yeah, capitalist-socialist government is nice when the people actually get the money. I would have preferred that policy during 2008, instead of the banks getting 700 billion it could have been divided up between the people. At least in this case they are actually selling something as opposed to printing money out of thin air. I think this is why this could only work on the state level, if the federal government ever produced something they would hog it all.

But agreeing with neo, you better be careful what you are praising here, they only made this money by selling the oil on the free market, which is capitalism.

reply to post by neo96

ok man a state check for 1174 which is taxable and state and federal income paying people and then taking the same amount and puts them in a higher tax bracket slap whatever ism you want to. whose sticking it to who there

Neo, i made my original post based on something you would say...and here you are trying to reverse it. Frickin hilarious.

You're right, i'm sure the oil companies were flat out happy being forced to cut these checks...cause it's capitalism...straight up yo!!

And look at the Alaskans, happily waiting for their oil money. Republicans, Democrats, and everyone in between in Alaska anxiously awaiting their libertarian checks.

reply to post by David9176


what i find hilarious is your anti corporate rants

and then make a thread defending government subsidies

the most funny part here is if those evil big oil companies werent profiting

they wouldnt be paying out that check.................hmmm

Originally posted by David9176
reply to post by Char-Lee

 

I'm paying high gas prices too...could sure use a a 1100 dollar check from exxon mobil for being such a loyal customer.....i know that's asking too much though..even though they are the most profitable company in the history of the world.

edit on 20-9-2011 by David9176 because: (no reason given)

Our prices here are the same as Alaska we are on the coast ca/or border around 4$ now down from recent 5$ border but my sister who lives in Ak actually thinks it is wrong that they get this yearly check herself. But she won't send it on to me!!

Yep, mine will be direct deposited on October 6th along with my wifes and my daughters. You know, most of you on here ranting obviously do not know how the fund works. Go to school before I school you... Hmmm Alaska profits from oil and mind you a politician actually thought hey maybe we can give some of the profits to the residents of the state instead of keeping it for ourselves. If they didn't invest and distribute the fund as they do now, I would like to know your thoughts on where the $40 billion dollar fund would be today.

Originally posted by filosophia
My question is, will that money be taxed?

You must claim the dividend on a 1099 but correct me if i'm wrong, I believe dividends are only taxed if the amount is over $1500. And thats not just for the Alaska PFD but for all dividends.

Well, if Alaska ever wants more people, this would be all they need to say. No pictures of wildlife or pristine wilderness and waterways. No glacier shots. Just a dividend check on the screen. When a job fair brings thousands and McDonalds hiring draws 50,000 apps in a short period, I think Alaska would need do nothing more than run a couple commercials. Word of mouth would do the rest. I really doubt many people in the lower 48 have any clue about the dividends and how they are distributed. Well they didn't until reading this anyway.