Saturday, April 8, 2017

Taxes

To finance state government operations, Alaska depends primarily on petroleum revenues and federal subsidies. This allows it to have the lowest individual tax burden in the United States.[103] It is one of five states with no state sales tax, one of seven states that do not levy an individual income tax, and one of the two states that has neither. The Department of Revenue Tax Division[104] reports regularly on the state's revenue sources. The Department also issues an annual summary of its operations, including new state laws that directly affect the tax division.
While Alaska has no state sales tax, 89 municipalities collect a local sales tax, from 1.0–7.5%, typically 3–5%. Other local taxes levied include raw fish taxes, hotel, motel, and bed-and-breakfast 'bed' taxes, severance taxes, liquor and tobacco taxes, gaming (pull tabs) taxes, tire taxes and fuel transfer taxes. A part of the revenue collected from certain state taxes and license fees (such as petroleum, aviation motor fuel, telephone cooperative) is shared with municipalities in Alaska.
Fairbanks has one of the highest property taxes in the state as no sales or income taxes are assessed in the Fairbanks North Star Borough (FNSB). A sales tax for the FNSB has been voted on many times, but has yet to be approved, leading lawmakers to increase taxes dramatically on goods such as liquor and tobacco.
In 2014 the Tax Foundation ranked Alaska as having the fourth most "business friendly" tax policy, behind only Wyoming, South Dakota, and Nevada.[105]

Federal politics

Main article: Politics of Alaska
Presidential election results[97]
Year Republican Democratic
1960 50.9% 30,953 49.1% 29,809
1964 34.1% 22,930 65.9% 44,329
1968 45.3% 37,600 42.7% 35,411
1972 58.1% 55,349 34.6% 32,967
1976 57.9% 71,555 35.7% 44,058
1980 54.4% 86,112 26.4% 41,842
1984 66.7% 138,377 29.9% 62,007
1988 59.6% 119,251 36.3% 72,584
1992 39.5% 102,000 30.3% 78,294
1996 50.8% 122,746 33.3% 80,380
2000 58.6% 167,398 27.7% 79,004
2004 61.1% 190,889 35.5% 111,025
2008 59.4% 193,841 37.8% 123,594
2012 54.8% 164,676 40.8% 122,640
2016 51.3% 163,387 36.6% 116,454
Alaska regularly supports Republicans in presidential elections and has done so since statehood. Republicans have won the state's electoral college votes in all but one election that it has participated in (1964). No state has voted for a Democratic presidential candidate fewer times. Alaska was carried by Democratic nominee Lyndon B. Johnson during his landslide election in 1964, while the 1960 and 1968 elections were close. Since 1972, however, Republicans have carried the state by large margins. In 2008, Republican John McCain defeated Democrat Barack Obama in Alaska, 59.49% to 37.83%. McCain's running mate was Sarah Palin, the state's governor and the first Alaskan on a major party ticket. Obama lost Alaska again in 2012, but he captured 40% of the state's vote in that election, making him the first Democrat to do so since 1968.
The Alaska Bush, central Juneau, midtown and downtown Anchorage, and the areas surrounding the University of Alaska Fairbanks campus and Ester have been strongholds of the Democratic Party. The Matanuska-Susitna Borough, the majority of Fairbanks (including North Pole and the military base), and South Anchorage typically have the strongest Republican showing. As of 2004, well over half of all registered voters have chosen "Non-Partisan" or "Undeclared" as their affiliation,[106] despite recent attempts to close primaries to unaffiliated voters.
Because of its population relative to other U.S. states, Alaska has only one member in the U.S. House of Representatives. This seat is held by Republican Don Young, who was re-elected to his 21st consecutive term in 2012. Alaska's at-large congressional district is one of the largest parliamentary constituencies in the world.
In 2008, Governor Sarah Palin became the first Republican woman to run on a national ticket when she became John McCain's running mate. She continued to be a prominent national figure even after resigning from the governor's job in July 2009.[107]
Alaska's United States Senators belong to Class 2 and Class 3. In 2008, Democrat Mark Begich, mayor of Anchorage, defeated long-time Republican senator Ted Stevens. Stevens had been convicted on seven felony counts of failing to report gifts on Senate financial discloser forms one week before the election. The conviction was set aside in April 2009 after evidence of prosecutorial misconduct emerged.
Republican Frank Murkowski held the state's other senatorial position. After being elected governor in 2002, he resigned from the Senate and appointed his daughter, State Representative Lisa Murkowski as his successor. She won full six-year terms in 2004 and 2010.

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