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To: SoConPubbie

As can be seen on my profile page, yes I do.

Alaska is extremely dependent upon the oil industry to keep their government subsidized. 91.6% of all the tax revenue collected in the state is paid by the oil/gas companies.

http://www.tax.alaska.gov//programs/documentviewer/viewer.aspx?2462f
Alaska Tax Division 2011 Annual Report
Executive Summary
Page 4, figure 1.

As an example of the unique taxes solely on the Alaskan oil/gas work, only property with oil/gas development pays state property tax. No other industy or commercial property pays state property tax, only local taxes, paid by all including oil/gas.


124 posted on 02/13/2012 6:42:28 PM PST by thackney (life is fragile, handle with prayer)
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To: thackney

So what is the problem? Alaska’s citizens own all its oil and gas resources which energy companies extract and sell under license for profit. If that profit isn’t profitable (no pun intended), you folks wouldn’t do business there, and your complaint would be moot!

You would do Alaska, and yourselves, better to lobby against unrealistic restraints by the bam regime on exploration and development of those resources. I wish you all the best in that regard!

JC

For full disclosure, I have a son and grand children in Western Alaska and the Alaska fund is critical in directly distributing proceeds from oil and gas sales to citizens throughout the state. I believe this type of fund is unique to Alaska and and benefits citizens directly, not the state which could merely exploit it for political purposes. Many natives that live the subsistence lifestyle absolutely depend on this for necessities like fuel oil, gasoline, boats/motors and such requiring cash to acquire. It’s a tough life, real jobs that pay wages are very scarce and it’s their resources to start with. I would demand more of a share myself!!


126 posted on 02/14/2012 1:47:21 AM PST by cracker45
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