The Treasury Department is well-equipped to identify and prosecute income tax fraud, though probably a better proxy for CCL’s policy is Alaska’s Permanent Fund Dividend (PFD), which pays royalties to Alaskan residents from the oil production revenues generated in the state. The PFD provides a useful model for how to prevent fraud1, and estimate how much might be expected: 1. Fraud, Permanent Fund Dividend Division, Alaska Department of Revenue. 2. “2012 Alaska Permanent Fund dividend payout: $878”, Alaska Dispatch News, September, 18 2012.Fraud and the Dividend Laser Talk
The lesson is clear: existing American systems demonstrate the dividend can be administered virtually fraud-free.