New IRS data (2023): Alaska’s overall average FIT leakage is just 12.6%, and only 7.5% for middle-income #AKfams. Both are well below the gains in #NonRez revenues from a broad-based tax. Claims that PFDs result in net state revenue leakage are hokum.

Viewed under current law:
* What really paid for the Supplemental K-12? PFD cuts.
* What is the so-called FY26 "surplus"? Excess PFD cuts.
* Who paid for both? Largely Middle & Lower-Income #AKfams
* Who didn't? Top 20%, #NonRez & #Oil Cos.
#akleg

🤦‍♂️ Let's be clear. Under #CurrentLaw, the additional spending is being paid for by deeper PFD cuts/taxes. Middle and lower-income #AKfams are paying for it ("most regressive tax ever proposed"), while the Top20%, #NonRez & #Oil Cos dodge. #akleg buff.ly/Qw4dW4w