54.86% income tax on each Alaskan child from birth to 18. ($45K) But how?
Based on my research. A newborn Alaskan child could potentially have a significant amount of money diverted from their PFD.
So far if a baby was born in 2016, they have had $16,376 diverted from each Alaskan Baby. That is a tax. An income tax on babies?
Projected diversions put Alaska on track to have $45,000 diverted from each Alaska child from birth to 18.
What could your kid do with $45,000, better question is what are the teachers unions and NGOs going to do with your kids $45,000?
It gets better, because they are taxing you too, and most are too checked out to even realize it.
The average effective tax rate on ALL ALASKAN CHILDREN IS 54.86% if they all only receive the PFD as income from 2016-2025.
2016 Income: $2,052 2016 Taxes Withheld By Each Alaska Child - $1,030 - tax rate 50.19%
2017 Income: $2,300 2017 Taxes Withheld By Each Alaska Child - $1,200 - tax rate 52.17%
2018 Income: $2,900 2018 Taxes Withheld By Each Alaska Child - $1,300 - tax rate 44.83%
2019 Income: $3,004 2019 Taxes Withheld By Each Alaska Child - $1,398 - tax rate 46.54%
2020: Income: $3,106 2020 Taxes Withheld By Each Alaska Child - $2,114 - tax rate 68.06%
2021 Income: $4,198 2021 Taxes Withheld By Each Alaska Child - $3,084 - tax rate 73.46%
2022 Income: $4,200 2022 Taxes Withheld By Each Alaska Child - $914- tax rate 21.77%
2023 Income: $3,641 2023 Taxes Withheld By Each Alaska Child - $2,329 - tax rate 63.96%
2024 Income: $3,644 2024 Taxes Withheld By Each Alaska Child - $1,942 - tax rate 53.30%
2025 Income: $3,892 2025 Taxes Withheld By Each Alaska Child - $2,892 - tax rate 74.30%
In 2022, there was a one time energy relief payment that created an outlier in the data set
Alaska LNG just locked in ConocoPhillips on a 30-year gas supply deal.
The FID is now within reach.
Glenfarne's Alaska LNG now has supply agreements with ConocoPhillips, ExxonMobil, Hilcorp Alaska, and Great Bear Pantheon.
That's enough contracted volume to support a Final Investment Decision for Phase One.
Phase One is a 739-mile, 42-inch pipeline running natural gas from Alaska's North Slope to in state consumers.
Phase Two adds LNG export facilities at Nikiski the piece that turns this into a global story.
For years, Alaska LNG was talked about and never built. The gas is there.
The demand exists.
The problem was always getting producers to commit.
ConocoPhillips just changed that calculus.
I have paid over $10B in taxes in a single year, more than anyone in history.
If I exercise and sell stock options, the combined federal and state income tax is ~45% (I still pay California taxes for every day I spend there).
Then there is another 40% tax paid on my estate when I die.
Overall, I will probably end up paying trillions in taxes.
The COVID cover-up goes all the way to the top. Fauci funded the Wuhan lab. Senior intelligence officials hid classified evidence from the president himself. Scientists were silenced. Millions paid the price.
The DOJ has until May 11th to prosecute Fauci before the statute of limitations runs out.
I am not letting this go. The American people deserve justice.
Nobody is going to put you on their back & carry you 20 miles through the forest. You have to do that yourself. If your feet are bleeding so what. Do the hike! Don't be a wimp! Don't be scared! Get busy! Take responsibility for yourself & Bitcoin is that.
Imagine a woman fleeing an attacker—and her car won’t start because it thinks she’s impaired.
Imagine a farmer injured on the job—his truck won’t start because it thinks he’s drunk.
These are the unintended consequences of the Kill Switch mandate.
Kill the Kill Switch.
When former president Theodore Roosevelt died in his sleep in 1919, sitting vice president Thomas R. Marshall famously remarked, “Death had to take Roosevelt sleeping, for if he had been awake, there would have been a fight.”
The median age of a first-time homebuyer just hit 40. In 2000, it was 31.
In 2000, the median home cost $119,600 and the median household earned $42,148. That's a 2.8x ratio. A couple saving 10% of their income could put together a down payment in under 6 years. The monthly mortgage was $702, about 20% of income.
Today, the median home costs $416,900 and the median household earns $80,610. That's a 5.2x ratio. It now takes over 10 years to save the same down payment. The monthly mortgage is $2,219, a third of household income.
Home prices rose 249%. Incomes rose 91%.
First-time buyers now make up just 21% of the market, a historic low. Down from 40% a generation ago. The American Dream of homeownership is being priced out of reach for an entire generation, and the gap widens every year.
This is what decades of monetary expansion, artificially suppressed rates, and constrained housing supply produces. Assets inflate. Wages don't keep up. And young families pay the price.
The TSA has a 95% failure rate. Not 80%. Ninety-five.
In 2015, DHS sent 70 undercover agents through TSA checkpoints with fake bombs and weapons. 67 got through. That's a 95% failure rate.
One agent set off the metal detector, got the enhanced pat-down, and still had a fake explosive taped to his back that screeners missed. The TSA's response was to classify the test results so the public couldn't see them.
In 24 years, the TSA has not foiled a single terrorist plot or caught a single terrorist. Not one. Its $1 billion behavioral detection program identified exactly one person resembling a terrorist in two decades.
This agency costs $11.5 billion a year. It was created in response to 9/11, but 9/11 was not a failure of airport security. What actually made flying safe was reinforced cockpit doors and passengers who will no longer sit passively during a hijacking. Not the liquid ban. Not the shoe removal.
80% of European airports use private screening. Israel hasn't had a hijacking since 1968. 22 US airports already use private contractors and outperform TSA-screened airports.
Abolish the TSA. Replace it with the model that 80% of the developed world already uses.