Posted on 08/08/2011 8:34:04 AM PDT by 2ndDivisionVet
In light of Friday's decision by Standard and Poor's to downgrade the United States' credit rating to AA+, it's worth mentioning again -- as I first did in this Atlantic piece -- that Alaska recently had its bond rating raised to AAA for the first time in the state's history, largely due to fiscal improvements brought about by Sarah Palin while she was governor. The state currently enjoys a $12 billion budget surplus. I was reminded of this fact over the weekend by Ian Lazaren, the indefatigable supporter-cultist behind Conservatives4Palin.com.
This is unquestionably a good thing for the people of Alaska, just as the country's downgrade is a bad thing. The state enjoys lower borrowing costs as a result. But especially in light of the current dysfunction in Washington, it's important to understand why Alaska's fiscal situation improved: It was largely because Palin raised taxes. Specifically, the state oil tax. Her central achievement as governor was signing a law, Alaska's Clear and Equitable Share (ACES), that dramatically increased the state's share of oil profits just as oil prices began to take off. There's a direct line between increased revenue and improved fiscal health. (Alas, the good folks at Conservatives4Palin have posted a gloating item about Alaska's credit-rating that both attacks Obama for raising taxes and neglects to mention that Palin's own tax increase was the basis for the improvement.)
(Excerpt) Read more at theatlantic.com ...
Yes, based in their constitution, I believe.
No Conservative should have the slightest problem with royalties being paid to drill for oil. That is another good reason to drill. Better our coffers than the Saudis.
Pray for America
ACES isn’t about royalties. It is about the profit tax paid after royalties are paid.
Yes, Alaska amended their constitution to include this after the discovery of Prudhoe Bay oil field. Jay Hammond, governor was the primary driver of getting the constitution changed.
Why “think" about things in Alaska - check the net for facts, it helps you both ways.
http://www.taxfoundation.org/research/topic/11.html
To save you time in checking on google
As for the love nest - 90+% of all state revenue comes from oil. Hard not to worry about the (almost) sole source of income.
HAve fun.
Nope I meant 5 bucs
4.89 in Burbank.
4.79 at the Mobil @ 201 S Azusa Ave & Garvey Ave S
And you have it easy -
In Orlando, Fla., one gas station that is closest to the airport is selling gas at $5.39 today, 10 cents more than last week’s price of $5.29
As far as screed -
taxes are up, employment is way down, oil comapnies are leaving - I see see this as I live here in Alaska.
You go ahead and love Sara, just like a lot of folks in Alaska did once upen a time.
Maybe she will love you back, just like she did the whole state. Before she quit.
Nope - just LMAO over what they pay for gas there - oil is taxed in Alaska at an astounding rate of 88% (all levels) before it gets out of the state on the way to the refinery.
Total taxes for a gallon of gas is closer to 26 cents in Alaska I think.
"What hurts us in California is the 70 cents in taxes per gallon of gas, I think you guys pay 26 cents per gallon in taxes in Alaska."
I know that it is hard when someone comes in and busts up a corrupt relationship between a major industry and a corrupt state party, we could sure use a reformer in California.
Sarah has done great!
I just paid 352.9 for gas and its continuing on down.
Sarah put your people in the hoosegow where they belong, and that is the sole reason for your gripes.
She accomplished more in 2 1/2 years as gov than any other governor has ever accomplished in two terms.
Aren’t you glad she quit; you’d probably have been the next to go to jail.
Your are entitled to your own opinion, but NOT your own facts.
Sara did jack to clean out the stables.
That was the FedGov, and of the cases they tried, over half have been tossed for misconduct on the part of the FedGov. OOps. Feds can’t even trap a rat.
You really need to get your head out of the up and locked position and do a little reseach. To have facts.
As far as “my people”, please, stop acting like a 3rd grader.
I will grant you that she did get more done in 2.5 years
Higher taxes
more state employees
Higher unemployment / less drilling
Zero support for abortion related bills
More folks on welfare and far more in welfare payments - not to mention the ‘free’ money she gave away...
Then beat feet before the chickens came home to roost.
You are welcome to vote for her, or anyone that you feel should get your vote. Please, be certain you have the facts at hand before you make that choice - becuuae it’s one we will all to have live with.
Enjoy your day.
If your English is working today, check this site
http://www.alaskagasprices.com/tax_info.aspx
gas diesel other Alabama 16 19 4.9 Alaska 8 8 0
Sounds like that song - I know what I know, if you know what I mean.... except your is a tad off.
Enjoy your day.
Dudette, I know you have a chip on your shoulder and don’t read very well but I don’t believe that you only pay a total of 8 cents of taxes per gallon of gasoline in Alaska.
The full tax bill per gallon of gas, is more like 26.4 Cents in Alaska, it is about 70 cents in California.
Believe as you wish, a link showing the 24 cents per gallon will go along way bolster your view. Otherwise, I’m sticking with the $0.08 that I pay when buying gas.
Have a nice day.
Scroll down to the second chart and you will see what inhabitants of different states pay in taxes for each gallon of gas, in Alaska the total is 26.4 cents, in California about 69 cents per gallon.
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