The Rugers Lugol's label says that it's only Iodine, Potassium Iodide and water according to HennaHead's pic. However, with a flammability of 1 it leads me to believe that there IS alcohol in it, and Povidone contains alcohol. When I did a search for Iodine and even Lugol'sIodine on their site, and all that comes up is Povidine Iodine. Very confusing indeed!