A better way to accomplish this "tax" would be to just deduct from the PFD what each would owe based on their income up to that $150 k.  I would be willing to forfeit my PFD if I were not taxed.  This would also prevent an outflow of capital to the Federal government.  Remember the PFD is taxed as a dividend on the top end (Highest rate) of ones tax burden.  Alaskans this is a boondoggle and the Fed gov't still gets their cut.  I have no problem doing my part but don't tax me twice on money that I have a rightful claim to.  Or just keep all of the damn $$$, we all know there is no room for cutting another $300 or so million, yeah right!