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Every Alaskan to get $1174
ABC ^ | September 20, 2011 | AP

Posted on 09/20/2011 2:09:29 PM PDT by SMGFan

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.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Culture/Society; Government; US: Alaska
KEYWORDS: ak; alaska; oil; permanentfund
Of course costs are higher to live in all that cold.
1 posted on 09/20/2011 2:09:33 PM PDT by SMGFan
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To: SMGFan

Cook taxpayers owe $108 billion, county Treasurer Pappas says: Greg Hinz

http://www.freerepublic.com/focus/f-news/2738444/posts

AK is the anti-IL.


2 posted on 09/20/2011 2:14:34 PM PDT by WOBBLY BOB (See ya later, debt inflator ! Gone in 4 (2012))
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To: SMGFan

It oughta be 11 thousand.


3 posted on 09/20/2011 2:14:58 PM PDT by jessduntno (Obama shanks. America tanks.)
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To: SMGFan

Liquor and lottery sales will be booming!


4 posted on 09/20/2011 2:16:22 PM PDT by Slump Tester (What if I'm pregnant Teddy? Errr-ahh -Calm down Mary Jo, we'll cross that bridge when we come to it)
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To: SMGFan

It could be so much more too.

No Thanks to Norm Coleman.


5 posted on 09/20/2011 2:17:56 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: SMGFan

Alaska is a special case but lots of other places could use similar methods to gain support for drilling.

For instance we could lift the great lakes drilling ban and great eliminate state taxes in the great lakes states to spur business.


6 posted on 09/20/2011 2:18:19 PM PDT by cripplecreek (A vote for Amnesty is a vote for a permanent Democrat majority. ..Choose well.)
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To: cripplecreek

You betcha!!!


7 posted on 09/20/2011 2:29:41 PM PDT by netmilsmom (Happiness is a choice)
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To: SMGFan

I personally do not see anything wrong with this.

In fact, I think other states, every state, should pay its state resident citizens to live there.


8 posted on 09/20/2011 2:30:26 PM PDT by CGalen
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To: SMGFan

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.


9 posted on 09/20/2011 2:31:42 PM PDT by thackney (life is fragile, handle with prayer)
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To: SMGFan

Yay, they can finally afford to buy a gallon of milk!


10 posted on 09/20/2011 2:32:56 PM PDT by Mr. Blond
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To: netmilsmom

We love our lakes and won’t let anything happen to them. Where better to support drilling.

Besides, directional drilling would keep rigs 1000 or more feet from the lakes themselves.


11 posted on 09/20/2011 2:35:31 PM PDT by cripplecreek (A vote for Amnesty is a vote for a permanent Democrat majority. ..Choose well.)
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To: SMGFan

This is the answer to the NIMBY crowd.


12 posted on 09/20/2011 2:36:40 PM PDT by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
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To: SMGFan

13 posted on 09/20/2011 2:37:28 PM PDT by thackney (life is fragile, handle with prayer)
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To: SMGFan

They also give the money to the kids and the parents save it for college. At least the good ones not in economic trouble do.


14 posted on 09/20/2011 2:38:06 PM PDT by A CA Guy ( God Bless America, God bless and keep safe our fighting men and women.)
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To: SMGFan
Compare Gov. Palin to the MSM's "front" RINO.

INCONVENIENT FACTOID OF THE DAY:

Terrible, proven-bad Gov. Romney, in another of his “hit and runs”
managed to even raise taxes on New Hampshire residents
while Gov. of Massachusetts. Yes its true. ... and that is beyond RomneyCARE
== Believe it or not.

How Romney is that?

15 posted on 09/20/2011 2:41:03 PM PDT by Diogenesis ("Freedom is never more than one generation away from extinction. " Pres. Ronald Reagan)
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To: SMGFan

The wife and mine is going to fill up our home heating oil tank. Yeah!
Cost of living up here is rough boys and girls. Not complaining mind you. Keeps the riff-raff out! :-)


16 posted on 09/20/2011 2:54:53 PM PDT by vpintheak (Democrats: Robbing humans of their dignity 1 law at a time)
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To: vpintheak
I'm happier that the wife and I both got our moose last week than that we are soon getting the PFD. Photobucket Photobucket Photobucket My old neighbor Walt, (who homesteaded his place in 1942) use to tell me that Jay Hammond (the bush socialist) and who started the Perm Fund originally wanted to invest 50% of the money rather than 10% what the legislature agreed to; just imagine all the problems that would have caused.
17 posted on 09/20/2011 3:27:25 PM PDT by Eska
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To: Eska

Appears to be an AR-10 with an ACOG.


18 posted on 09/20/2011 4:58:32 PM PDT by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: SVTCobra03

The last one in post #17 resting in the Moose rack has an A2 flashhider and looks to be an AR 15.


19 posted on 09/20/2011 5:17:37 PM PDT by MHGinTN (Some, believing they can't be deceived, it's nigh impossible to convince them when they're deceived.)
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To: Eska

Nice! I’m one of those who struck out this year. Better luck next time I guess...


20 posted on 09/20/2011 5:21:28 PM PDT by vpintheak (Democrats: Robbing humans of their dignity 1 law at a time)
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To: cripplecreek
For instance we could lift the great lakes drilling ban and great eliminate state taxes in the great lakes states to spur business.

If taxing the heck out of oil companies is a spur to drilling then the U.S. should raise the taxes they levy?

21 posted on 09/20/2011 5:26:46 PM PDT by SoJoCo
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To: MHGinTN
My 556 AR's never leave the vault anymore; for the grandkids if they ever need them down the road.

I bought a stag carbine 6.8 spc 2 years back. Put a 4X32 horse shoe/red dot acog on her and have killed caribou out to 550 yards with that gun & scope; just takes a little practice. Great for on atv & snowmachine with that 8 dollar blackhawk sling from midway. We have shot wolves, bear, and bou with that gun. 29 grains H322, 110 Barnes triple X.

This Spring picked up AR-10 in 338 federal, kinda heavy but will kill about anything.I have a 3.5X35 horse shoe acog on that one too. I'm much more satisfied with those horseshoe acogs than any of my VX-3L's with turrets. I'm going to kill one of our local grizz with that gun. Killed both moose with it this year. Second moose the wifey got, one 250 grain nosler part into the lungs and that bull did the 3 side step shuffle and dropped hard in the ditch; easy to quarter & load in truck.

I luv those acogs for hunting, quickest scopes I have ever owned and can be bought for around $1000. It's pull up bang with them,,, I'm a shooter not an aimer.

I have as many guns as you all do too, but those AR's and my 30-378 weatherby are my favorites.

I'm musing about a 30-378 with cut down 20 inch barrel & a magpul collapsible stock, so I don't smack the trees down narrow trails. I guess my PFD will give me a down payment,,,, how nice glad I live in Alaska.

22 posted on 09/20/2011 5:35:30 PM PDT by Eska
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To: SoJoCo

Bout as sharp as a bowling ball aren’t you?


23 posted on 09/20/2011 5:43:18 PM PDT by cripplecreek (A vote for Amnesty is a vote for a permanent Democrat majority. ..Choose well.)
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To: SMGFan

Whoopee. The PFD’s are dividend payouts on investments. And they are only paid once a year. Most people wind up paying bills with the money. Last year’s dividend was over $1,200. Thanks, O.


24 posted on 09/20/2011 7:43:26 PM PDT by redhead (Never Forget. Never Forget. NEVER FORGET!)
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To: CGalen
"In fact, I think other states, every state, should pay its state resident citizens to live there."

This payout is NOT for "living here." It is is payout of DIVIDENDS on oil investments made in the name of the People of Alaska. One $1,000 check a year is hardly enough compensation for the high living costs.

25 posted on 09/20/2011 7:46:50 PM PDT by redhead (Never Forget. Never Forget. NEVER FORGET!)
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To: Eska

Dood...that is one seriously BIGASS ‘boo!


26 posted on 09/20/2011 7:49:31 PM PDT by redhead (Never Forget. Never Forget. NEVER FORGET!)
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To: redhead
Ya, my daughter got a nice one there, early in the season we always see the double shovels but they get shot off pretty quick. She shot that bull like 5-6 times with 6.8 stag carbine, 110 barnes X bullets. He stood there taking them like a bug bite; finally went down. Funny thing is I shot several last season with same 6.8 and they went right down. I saw another double shovel last week but we already got our tags filled. I like killin them as much as the nx guy, but ain't a hog about it. We are hunting the 40 mile migration. What caribou do you guys have downriver?

We saw a nice over 60 couple days back but couldn't get a shot, heard him in the woods, couldn't call him in, man hate those sharp bulls. I was down tonight with buddy that still had a moose tag, had a nice bull with cows in sight but way off and they didn't cross at dark where I thought they would. Our subsistence season goes until the 25th in fed areas; the only thing the feds have ever done good. We have low moose numbers here at the end of the Taylor, not moosey country.

Big "E" (what I call him) works for BP up slope on here, got a couple bulls downriver. I saw him on road and we talked but not politics, just moose ha.

27 posted on 09/20/2011 11:23:09 PM PDT by Eska
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To: cripplecreek
Bout as sharp as a bowling ball aren’t you?

Apparently sharper than you. At least I'm aware that all this money Alaska is giving out and all the money you want to collect for drilling in the Great Lakes comes from taxing the companies doing the drilling.

28 posted on 09/21/2011 4:17:53 AM PDT by SoJoCo
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To: SoJoCo

No actually you’re a moron or a really bad psychic. After all you never explained how you know what I’m thinking.

Don’t bother, I doubt you’ll be around here long enough for it to matter.


29 posted on 09/21/2011 4:26:06 AM PDT by cripplecreek (A vote for Amnesty is a vote for a permanent Democrat majority. ..Choose well.)
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To: SoJoCo
It might sound like just semantics, but the PFD is strictly from a portion of the royalties and the investment of those dollars.

The taxes like ACES, or the previous PPT, and the corporation taxes and the oil/gas property taxes all go directly to the state government to support their spending. Those dollars have never been part of the PFD.

30 posted on 09/21/2011 4:50:37 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney
It might sound like just semantics, but the PFD is strictly from a portion of the royalties and the investment of those dollars.

So then we change 'Federal taxes' to 'Central Government Royalties' and everything is alright? One way or the other, it is a governmental body taking money from the corporation in order to allow them to do business. It's a tax by another name. Taxes do not encourage companies to do business, and the idea that taxing companies to get them to drill in the Great Lakes promotes business is ridiculous.

31 posted on 09/21/2011 4:55:53 AM PDT by SoJoCo
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To: Eska

I have a project this winter, to build a hunting buggy down here in Wasilla. I may start with a 1992 crew cab Ford, I have tons “literally” of old Rockwells with gears around 6-39 or so, nice low gear stuff so I can use dual tractor mud tires.
As for the engine I have quite a few diesels from some older GM 4 cycles out of a 2 ton cabover to some Detroits even.

In case you havn’t been down here in the Valley its the latest craze to build the best hunting buggy all around the valley.


32 posted on 09/21/2011 5:02:39 AM PDT by Eye of Unk (Sarah Palin and John Bolton--- 2012)
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To: SoJoCo
Royalties are paid everywhere. Whoever owns the mineral rights is always due compensation for selling those minerals. That is a royalty payment.

In Alaska, there are not private ownership of mineral rights, they are owned either by the State, the Feds or the Native groups.

I own mineral rights privately in the lower 48. If someone wants to produce my gas or oil, they have to pay me for them.

If someone wants to produce the oil or gas in Alaska, they need to pay the owners of that oil or gas. In Alaska, those owners are the state.

It is a different thing than the multiple taxes placed on top of purchasing the rights to produce the oil and gas.

It not taking from the profits, it is selling the rights for production, otherwise it would be theft of the oil.

33 posted on 09/21/2011 5:27:13 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney
It is a different thing than the multiple taxes placed on top of purchasing the rights to produce the oil and gas.

Nonsense. It is a fee levied by the government which adds to their cost of production, just like any other tax. And the oil company does not pay it out of the goodness of their heart, or willingly take a hit to their profits to cover it. They pass it on the their customers, same as any other tax.

And in this case the state of Alaska then takes that wealth from the oil companies and transfers it to their population by cutting a check that the people don't have to do anything for. In my state, the government takes wealth from companies and individuals and then transfers that wealth by cutting a check to a welfare mother who doesn't have to do anything for it. Why is one good and the other bad?

34 posted on 09/21/2011 5:50:50 AM PDT by SoJoCo
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To: SoJoCo

Name one place in the world that doesn’t charge royalties for producing their oil?

Alaskan Royalties are typically around 12.5%

http://capcp.psu.edu/Alaska/index.html

They are far from being oppressive.

However, the additional taxes they have piled on top of the royalties are excessive. And they are not part of the PFD.

In your state, what is the going rate for oil royalties?


35 posted on 09/21/2011 5:57:03 AM PDT by thackney (life is fragile, handle with prayer)
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To: Eska
"What caribou do you guys have downriver?"

I don't hunt (old lady with lung problems) but I believe the herd that goes through the area is the Porcupine herd. I could be way wrong, and welcome any correction from someone who KNOWS.

I wondered why I hadn't heard anything from Big E in so long. (We call him Mo, for some completely unknown reason. LOL!) Glad he got something. Anyway, congratulations on the success.

36 posted on 09/21/2011 11:10:47 AM PDT by redhead (Never Forget. Never Forget. NEVER FORGET!)
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To: thackney
Name one place in the world that doesn’t charge royalties for producing their oil?

And that makes taxes OK? Calling them royalties? What if New York charged royalties for every stock transaction at the NYSE?

They are far from being oppressive.

But I'd be willing to bet that the average oil company didn't pay 12.5% in federal taxes. Yet we talk about the need to do away with taxing the job creators in order to spur hiring. Imagine how many jobs might be created in Alaska if they didn't pay a 12.5% tax to the state?

However, the additional taxes they have piled on top of the royalties are excessive. And they are not part of the PFD.

Cut the PFD and that tax burden goes down by 12.5%.

In your state, what is the going rate for oil royalties?

In Kansas any royalties for mineral rights go to the owner of the property and not the state. So we don't tax the companies to distribute the wealth here.

37 posted on 09/21/2011 11:46:38 AM PDT by SoJoCo
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To: redhead

I’m sorry, got you mixed up with redpol I do think; or maybe not. Did you build a fruit cellar just a year back or so?


38 posted on 09/21/2011 11:49:25 AM PDT by Eska
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To: SoJoCo
I am sorry you are incapable of understanding the difference between taxes and royalties. Owners of mineral rights are permitted to sell those minerals. They should not be required to give them away for free.

What if New York charged royalties for every stock transaction at the NYSE?

There is a big difference in taxing a transaction that happens in your jurisdictions, and selling a resource.

But I'd be willing to bet that the average oil company didn't pay 12.5% in federal taxes.

Don't bet too much of on that.

ExxonMobil income tax rate alone was 40.7% in 2010.

http://www.exxonmobil.com/Corporate/Files/news_pubs_fo_2010.pdf
Summary Statement of Income, Page 22.

In Kansas any royalties for mineral rights go to the owner of the property and not the state.

No, not the owners of the property (surface) but the owners of the mineral rights, same as almost everywhere.

http://www.kgs.ku.edu/Publications/Oil/primer11.html

In Kansas, you can sell the property and retain the mineral rights. Which is what the state of Alaska has done for the State land, they have retained the mineral rights. The natives retained their mineral rights and the feds retained their mineral rights.

When I owned property in Alaska, the state still owned the mineral rights. Just as in Texas, the property I own was once part of a larger ranch, that family retained the mineral rights when the subdivision was created.

Oil that is produced in Alaska from Native Lands or on Federal does NOT contribute to the dollars that go to the permanent fund. It is only the oil produced from the state owned mineral rights that contributes, not all oil produced in the state.

39 posted on 09/21/2011 12:08:41 PM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

A tax by any other name is still a tax. And taking money from business and giving it to anyone living in the state is still wealth distribution, regardless of what you want to call it.


40 posted on 09/21/2011 12:16:40 PM PDT by SoJoCo
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To: SoJoCo
But I'd be willing to bet that the average oil company didn't pay 12.5% in federal taxes.

A better comparison is not taxes but Federal Royalty rates. The federal royalty rate for the infamous BP Macondo oil spill lease in the Gulf of Mexico was 18.75 percent. Many landowners are getting 20 percent or higher royalties for their Barnett Shale production. Fort Worth City Council approved a royalty rate of 28 percent for natural gas drilling rights under Meacham Airport. Some nations require a 51 percent or higher royalty from foreign companies drilling and producing within their borders.

http://wellservicingmagazine.com/royalty-rates-around-oilpatch

- - - - - - -

The Interior Department is also considering, through a separate effort, an increase to onshore production royalty rates, now at 12.5%. The royalty rate for offshore production is 18.75%

http://www.rigzone.com/news/article.asp?a_id=107877

41 posted on 09/21/2011 12:18:44 PM PDT by thackney (life is fragile, handle with prayer)
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To: SoJoCo
I agree the PFD is wealth distribution. I still took my portion of it while I lived there.

But Royalties are not tax, regardless of your attempt to confuse them.

Alaska does have far too much tax on oil companies in addition to their royalties. It is oppressive and restricts business.

But the royalty rate is fair. Since the State was create in a far different manner than most the states, purchased by the federal government for the production of resources, there are some very distinct difference from other states. Mineral ownership makes sense, given that government paid money for the resources from Russia in the first place.

42 posted on 09/21/2011 12:25:00 PM PDT by thackney (life is fragile, handle with prayer)
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To: SMGFan

Food stampers get more than that per person per year and that’s just the start. Once someone has an EBT card they qualify for all kinds of socialist give aways, free cell phone, cable TV, broadband internet access, etc., and free rides to the voting booth.


43 posted on 09/21/2011 1:57:40 PM PDT by Reeses (Pray for America. Pray for Perry.)
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To: thackney
A better comparison is not taxes but Federal Royalty rates. The federal royalty rate for the infamous BP Macondo oil spill lease in the Gulf of Mexico was 18.75 percent.

But since that is a royalty and not a tax then I assume you don't have a problem with it?

44 posted on 09/21/2011 2:45:24 PM PDT by SoJoCo
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To: SoJoCo
All owners of minerals charge royalties to sell their oil or gas.

I don't understand why you think owners of minerals should give them away for free, regardless if that owner is a private individual or a government entity.

If the producer makes a mistake and wastes the oil rather than capturing it for production, I think they still should pay the royalty. The mineral was lost, the original owner no longer has it and should be paid for it.

45 posted on 09/21/2011 3:37:48 PM PDT by thackney (life is fragile, handle with prayer)
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To: thackney
All owners of minerals charge royalties to sell their oil or gas.

States are not private individuals. Just imagine how beneficial it would be to the oil companies if Alaska wasn't taxing them that 12.5% or whatever it is. Think of the jobs they could be creating. Think of what that would do to the price of our gasoline.

I don't understand why you think owners of minerals should give them away for free, regardless if that owner is a private individual or a government entity.

If taxing the job creators is a bad thing then why are we cheering on Alaska for doing just that?

46 posted on 09/21/2011 5:19:29 PM PDT by SoJoCo
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To: Eska
"Did you build a fruit cellar just a year back or so?"

I wish. But if you have the urge to build one, come on down!

47 posted on 09/21/2011 5:58:54 PM PDT by redhead (Never Forget. Never Forget. NEVER FORGET!)
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To: SoJoCo

Just think how your customers would benefit if you gave away your goods and services for free as well. Their business would do great. If you are a farmer, why should the bread maker pay for your wheat?

Alaska owns its oil, just as Kansas owns its oil under state land. When that oil is sold, just like any individual or government property, payment is returned.

When a state sells land, you expect them to get payment. When a state sells used equipment, you expect them to get payment. Why do you think that when they sell the oil they own, they should give it away for free?

You keep wanting to pretend this is a tax; it is not. It is the exchange of a physical commodity and payment is returned for the possession. In Alaska, that payment is often made in oil. The state will accept 12.5% of the oil produced as payment for the rights to produce the states oil.


48 posted on 09/21/2011 7:27:50 PM PDT by thackney (life is fragile, handle with prayer)
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To: SoJoCo

Kansas


49 posted on 11/28/2011 4:59:51 PM PST by mojitojoe (SCOTUS.... think about that when you decide to sit home and pout because your candidate didn't win)
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