SUGGESTIONS IN TAXATION 121 



the growing stock or crop, exactly as is done in case of wheatlands, 

 meadows, etc. 



b. Exemption of forest plantations for twenty-five years and 

 then taxation on a land and yield tax, but limiting the tax rate to 

 five per mill and the yield tax to six per cent, 



c. Taxation of existing forests, not parts of farms, on a land 

 tax at five per mill and a progressive yield tax with a limit of six 

 per cent. 



d. Taxation of regulated forests on the property tax plan, ex- 

 actly like the farm, but the value of the forest to be the income 

 value on a basis of net income capitalized at ten per cent. 



Or else: taxation of these forest properties by levy of income 

 tax taking ten per cent of the net income ; or as a third alternative, 

 a simple yield tax of eight per cent. 



e. Providing a state control which makes it impossible for 

 local politicians to interpret and execute tax laws to suit their in- 

 terests. 



