Governor Walker’s proposal to tax wages is a pretty simple idea on its face.
If you’ve got a job, you would pay 1.5 percent of your wages to the state. And you’d never pay more than twice the value of the dividend.
The average Alaskan worker making $50,000 a year would pay about $750 in taxes. Subtract that from your dividend, and the state is still paying you $350 to live here. Earn about $75,000 a year, and you’re basically giving your dividend back. Those Alaskans earning $150,000 or more would owe the maximum $2,200.