Mansions for Sale in Alaska

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General
Alaska is a Russian name: pronounced - Alyaska. Alaska is the largest state of the United States by area; it is situated in the northwest extremity of the North American continent, and borders with Canada to the east, the Arctic Ocean to the north, and the Pacific Ocean to the west and south, with Russia further west across the Bering Strait. Approximately half of Alaska's 683,478 residents reside within the Anchorage metropolitan area. As of 2007, Alaska remains the least densely populated state.

Economy
In 2007 the gross state product was $44.9 billion making alaska 45th in the nation. Its Per capita personal income for 2007 was $40,042, ranking 15th in the nation. The oil and gas industry dominates the Alaskan economy, with more than 80% of the state's revenues derived from petroleum extraction. Alaska's main export product (excluding oil and natural gas) is seafood, primarily salmon, cod, Pollock and crab.
Agriculture represents only a small fraction of the Alaskan economy. Agricultural production is primarily for consumption within the state and includes nursery stock, dairy products, vegetables, and livestock.
Manufacturing is limited, mostly food items and general goods being imported. Employment is primarily in government and industries such as natural resource extraction, shipping, and transportation. Military bases are a significant component of the economy in both Fairbanks and Anchorage. Federal subsidies are also an important part of the economy, allowing the state to keep taxes low. Its industrial outputs are crude petroleum, natural gas, coal, gold, precious metals, zinc and other mining, seafood processing, timber and wood products. There is also a growing service and tourism sector. Tourists have contributed to the economy by supporting local lodging.

Taxes
The Alaskan government largely depends on petroleum revenues and federal subsidies. This allows it to have the lowest individual tax burden in the United States, and to be one of only five states with no state sales tax at all. Alaska does not levy an individual income tax. The Department of Revenue Tax Division reports regularly on the state's revenue sources. The Department also issues an annual overview of its operations, including new state laws that directly affect the tax division.

While Alaska has no state sales tax, 89 municipalities collect a local sales tax, from 1% to 7.5%, typically 3% to 5%. Other local taxes levied include raw fish taxes, hotel, motel, and B&B taxes, severance taxes, liquor and tobacco taxes, gaming taxes, tire taxes and fuel transfer taxes. A percentage of revenue collected from certain state taxes and license fees (such as petroleum, aviation motor fuel, telephone cooperative) is shared with municipalities in Alaska.

Fairbanks has one of the highest property taxes in the state as no sales or income taxes are assessed in the Fairbanks North Star Borough. A sales tax for the FNSB has been voted on many times, but has yet to be approved, leading law makers to increase taxes dramatically on other goods such as liquor and tobacco.

In 2008 the Tax Foundation ranked Alaska as having the 4th most "business friendly" tax policy. More "friendly" states were Wyoming, Nevada, and South Dakota.

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