Stop calling it a dividend, maybe stop paying taxes


February 15, 2023

There might be a way to avoid federal income taxes on the Alaska Permanent Fund dividend. But it would mean admitting that the annual payment to Alaskans is a political decision not at all tied to earnings of the savings account.

It could mean changing the name of the PFD to Popular Fall Distribution, to truly disassociate the money from the fund’s investment earnings. If it means avoiding federal income tax on the money, we could learn to call the annual payment most anything.

It would mean changing state law.

And it would mean discarding the cynical belief that Alaskans only care about...

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