Alaska Gov. Walker proposes head tax to boost state revenue

posted by Rick Rydell - 

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ANCHORAGE, Alaska (AP) - Gov. Bill Walker will propose a head tax on Alaskans to partially fill the multi-billion dollar gap between state revenue and spending.

The governor, an independent, at special legislative session next month will propose a 1.5 percent flat tax on wages or self-employment income.

Retirement income such as Social Security would not be taxed. Interest income, dividends and capital gains also would not be taxed

Alaska Gov. Walker proposes head tax to boost state revenue
Rick Rydell

Rick Rydell

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