Dermot continues to peddle misinformation. There cannot be a State income tax or even a sales tax as long as we continue the dividend in its current form. The denial on this issue reminds me of the widespread mass denial of the validity of the Zobel lawsuit against the original dividend law. So disagree with me on the point of law but one thing is guaranteed: a lawsuit based on Article 9 Section 6 of the Alaska State Constitution.

So yes, we may need a moderate income tax at some point but certainly not to use that money to pay out dividends. It makes no sense legally, politically, or economically.