FOREST TAXATION IN THE UNITED STATES DANS 
moderate prices. Under the assumed conditions, taxes are thus 
in general a limiting factor in the growing of this species. 
TaBLE 114.—Financial rotation and initial forest value, with and without tazes, 
for jack pine in the Lake States, on different sites, with and without planting } 
GOOD SITE 
Planting Natural regeneration 
Tax rate BH Hh 
: Initial : : Initial 
Bena forest value ivenelal forest value 
per acre per acre 
Percent Years Dollars Years Dollars 
(OOS cE UN 188 NI I EE ES Aa BE Sel ENDS RL NGO 33 8.00 30 10. 70 
PT sa gyn Dy ell EE OO UE eR A OC UI AUN eg 30 2.10 29 3.10 
MEDIUM SITE 
(DE aaa ee) eas RY IY Hea Ura ice a EA I ek SS 40 4, 20 36 6. 00 
CIP GY as ORS 8 US A DA ne) RE kG SS Se 34 . 50 30 1. 40 
POOR SITE 
(DEQ ISS Sia aT EINE a We) A Ul ae ALL a en ce DARN NL 50 . 50 40 2. 00 
DEG pe ys em ate Re RH LO ls AN OA Ng 2 a A 40 | Negative 39 Negative 
1 Assumptions and method of computation are the same as described in connection with table 95. 
Interest rate used, 3 percent. 
Table 115 shows that taxes are not so outstanding among the 
carrying charges as they were in New Hampshire. This follows from 
the fact that the assumed yields are low relative to the annual ex- 
penses other than taxes, and hence the values on which the taxes 
depend are relatively low. On poor sites taxes constitute a minor 
element as compared with other carrying charges. But on such 
sites the growing of jack pine is unprofitable under the present 
assumptions. Where the growing of this species is profitable, one 
of the major carrying charges is taxes. 
TaBLE 115.—Carrying charges for growing jack pine in the Lake States, through 
one rotation, on different sites, with and without planting ! 
GOOD SITE 
a : nae Interest on land and Miscellaneous annual 
Type of regeneration Taxes with interest regeneration expenses with interest 
Dollars Percent Dollars Percent Dollars Percent 
Blanting 20a ea 8 50 19 5 31 
ING tural eee ee 10 53 4 21 5 26 
MEDIUM SITE 
Pinating erin ee Mwy 5 49 1| 8 6 50 
Day a bes DR I A al 6 46 2 15 5 39 
POOR SITE 
Planting 260) OLR) | 2 20 0 0 8 80 
Naturale sue e hha be! l 5 42 0 0 7 58 
1 Interest rate used, 3 percent. For financial rotations used, see table 114. Sources of data: Columns 
2, 4, and 6, refer to text describing tables 97 and 109; columns 3, 5, and 7 by computation. 
101285°—35 18 
