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The Alaska Permanent Fund (APF) is a constitutionally established permanent fund managed by a state-owned corporation, the Alaska Permanent Fund Corporation (APFC). [1] It was established in Alaska in 1976 [ 2 ] by Article 9, Section 15 of the Alaska State Constitution [ 3 ] under Governor Jay Hammond and Attorney General Avrum Gross .
The Alaska Permanent Fund is often mentioned as one of the few existing basic income systems in the world. Since 1982, the Fund has paid a partial basic income to all (permanent) residents averaging approximately $1,600 annually per resident (adjusted to 2019 dollars) from the state's oil production revenues. [ 14 ]
Any basic income set at a level that is less than enough to meet a person's basic needs. [6] Alaska (Permanent Fund of Alaska) [7] Citizen's dividend: Dependent on land value tax values from land and rents: Henry George, Thomas Paine: Alaska (Permanent Fund Dividend) Agrarian Justice, Progress and Poverty: Universal dividend
Alaska's Permanent Fund, ... and it's funding a universal basic income. Lakshmi Varanasi. September 14, 2024 at 12:23 PM ... which distributes the money it makes to the state's residents as annual ...
The nine states that don't tax income. When it comes to the taxation of income, you're in luck if you live in one of the following states, because they don't tax income: Alaska. Florida. Nevada ...
That compares to around $12 of dividend income for an ETF that tracks the S&P 500. This ETF provides that higher income stream at a low cost. Its expense ratio is 0.06%, ...
The most often noted outcome of the second wave of basic income support in the United States has been the four basic income experiments (see below) conducted by the U.S. government at the time but arguably expansions of Food Stamps and the Earned Income Tax Credit and creation of the Alaska Dividend (see below) were all outcomes of the debate.
Its core equity portfolio generates traditional dividend income, while its options-overlay program creates additional income through premium collection. Throughout 2024, this dual approach has ...