And the dividend is paid out to the people of Alaska? like a refund check, but not from taxes you paid in?
It was set up as a rainy day fund and as it grew some of it was paid out each year to every AK resident. It is funded 100% by oil revenue. The PFD is calculated on a rolling 5 year average on a small portion of the increase in the fund. Last year it paid aout 2,000 to every man, woman, and child.
