Alaska Dispatch News: Income tax debate heats up as Alaska faces do-or-die moment

The proposed bill would cut the dividend to about $1,100 next year and institute an income tax equivalent to 15 percent of a taxpayer’s federal tax bill.

A married couple with no kids and gross income of $100,000 would pay about $1,705 in state taxes while collecting about $2,200 in dividends, the sponsors estimate. A couple with two children and an income of $100,000 would pay about $1,163 in taxes and collect about $4,400 in dividends.

A couple with two children and an annual income of $500,000 would pay about $19,577 in state taxes and collect about $4,400 in dividends.