PFD problems: remedies, suggestions

Posted: Friday, January 30, 2009

In regards to liquidating the permanent fund dividend, let me offer some suggestions and also remedies to the perceived problems.

If we could change the PFD into a mutual fund and distribute shares instead of cash, it would then be up to the individual to decide if they want to hold on to them, or sell a few shares when needed.

Another problem avoided in doing this would be that the stock and bond markets would not sell off as it would prior to a full liquidation, if it were to take place. Also, capital gains taxes would have to be paid either by the state or the individual if there was a liquidation and cash pay-out, but if we all received shares instead of cash, it would be up to us to either hold them and not pay the taxes or sell them and incur a capital gains tax, as with any other mutual fund. I think many of us would hold the shares distributed to us.

We, the residents of Alaska, need to take action to protect what's left of this investment.

John Buscemi

Craig



Related Searches

 JOHN BUSCEMI   ALASKA   BUSINESS_FINANCE 

CONTACT US

  • Switchboard: 907-586-3740
  • Circulation and Delivery: 907-586-3740
  • Newsroom Fax: 907-586-3028
  • Business Fax: 907-586-9097
  • Accounts Receivable: 907-523-2230
  • View the Staff Directory
  • or Send feedback

ADVERTISING

SUBSCRIBER SERVICES

SOCIAL NETWORKING