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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.
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
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)
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.