FOREST TAXATION IN THE UNITED STATES 613 
TABLE 161.—Special forest-tax plans compared with the property tax and income 
tax, for even-aged forests managed on various rotations, and yielding a net return 
of 3 percent; land value, under the income tax, $3—Continued 
PROPERTY-TAX RATE, 2 PERCENT; INCOME-TAX RATE, 40 PERCENT 
Forest B, rotation 30 | Forest D, rotation 45 | Forest F, rotation 60 
years; yield, $17.63 years; yield, $34.49 years; yield, $61.42 
Plan SS | SSS SSS 
Tax | Land Tax | Land Tax | Land 
Taxes ratio | value Taxes ratio | value Taxes ratio | value 
Per- Per- Per- 
Dollars| cent | Dollars | Dollars | cert | Dollars | Dollars| cent |Dollars 
IPFOPELEY MUA ees oe eee es SY 7. 20 66 1. 61 il7(, BY 78 0.79 | 35.88 88 0. 02 
Income (net yield) tax_____________- 5. 21 48 3.00} 11. 24 50 3.00 | 21. 29 52 3. 00 
Special forest tax: 
Adjusted property tax_____---_- 5. 21 48 3.00 |) 11. 24 50 3.00 | 21.29 52 3. 00 
Deferred timber tax____________ 6. 06 55 PA | 6} 87/ 60 2.23 | 25. 64 63 2.11 
Differential timber tax, reduc- 
tion factor 50 percent_-________ 5. 60 51 2.73 | 13.09 59 2.33 | 26.78 66 1. 88 
Immature-timber exemption____| 3.80 35 3. 99 7. 83 35 4,22} 14.39 35 4.41 
Yield tax, rate 10 times prop- 
enby-taxTateesose 2) oe ee 5.91 54 Py, tail 11. 97 54 QAR ee leG 53 2.90 
TABLE 162.—Special forest-tax plans compared with the property tax and income 
tax, for 60-year rotation forests, with various income cycles, and yielding a net 
return of 3 percent;! land value, under the income tax, $3 
PROPERTY-TAX RATE, 1 PERCENT; INCOME-TAX RATE, 25 PERCENT 
Forest E-1, income | Forest E-2, income } Forest E-~3, income 
eycle, 5 years; cycle, 10 years; cycle, 15 years; 
yield, $4.23 yield, $8.46 yield, $12.69 
Else I ] I 1 
nitia nitia Initial 
Taxes ie A forest | Taxes aan fores Taxes ae forest 
value value value 
Per- Per- Per- 
Dollars| cent | Dollars| Dollars | cent | Dollars| Dollars| cent | Dollars 
IRTODEKGYET axes eee me et Mee 0. 94 27 16. 14 2. 01 29 14. 28 Oe, 32 12, 54 
Income (net yield) tax_____________- . 89 25 | 16.48 Ne 202 26] 14.96 2. 66 26 13. 53 
Special forest tax: 
Adjusted property tax______-_-- . 89 25 | 16.48 1.77 26] 14.96 2. 66 26 13. 53 
Deferred timber tax_____________ . 89 25 16. 42 1. 81 26 14. 86 2.75 27 13. 37 
Differential timber tax: 
Reduction factor, 10percent_| .88 25 | 16. 54 1. 88 27 | 14. 66 3. 01 29 12.92 
Reduction factor, 20percent_| .81 23 16. 95 1.74 O45) || 116 OY/ 2.78 27 13. 31 
1 
Reduction factor, 30 percent_| .74 21 | 17.38 . 59 23 | 15.49 2HOO 25 13. 73 
Immature-timber exemption____ 2 Ml Guile 20575: 45 6} 18.83 5 Ue 7 17. 01 
Yield tax, rate 10 times prop- 
Erbyataxeca tess aenaw sm en Ly ease 59 17 | 18.35 1, 20 17 | 16.63 1.85 | 18 14. 99 
PROPERTY-TAX RATE, 2 PERCENT; INCOME-TAX RATE, 40 PERCENT 
Forest F-1, income | Forest F-2, income | Forest F-3, income 
cycle, 5 years; cycle, 10 years; cycle, 15 years; 
yield, $5.12 yield, $10.24 yield, $15.36 
situa Initial ] 
nitia Initia Initial 
Taxes | tio | forest | Taxes tes forest | Taxes ies forest 
value value allo | value 
Per- Per- Per- 
Dollars| cent | Dollars| Dollars| cent | Dollars| Dollars| cent | Dollars 
Property taxes ers) BTS 1. 88 43 | 15.82 4.01 46 | 13.61 6. 40 50 11. 60 
Income (net yield) tax__.__________- 1 ae 40 | 16.48 3. 55 41 14. 96 5. 32 41 13. 53 
Special forest tax: 
Adjusted property tax_________- i, '7/ 40 | 16.48 3. 55 41 14. 96 5. 32 4] 13. 53 
Deferred timber tax_.__________ 1.79 41 16. 39 3. 61 42) 14.78 5. 47 43 13. 26 
Differential timber tax: 
Reduction factor, 10 percent_| 1.77 40 16. 48 3.79 44 14. 26 6. 05 47 IPA, A} 
Reduction factor, 20 percent_| 1.66 38 | 17.19 3. 55 41 4. 96 5. 67 44 12.91 
Reduction factor, 30 percent_| 1. 53 35 | 17.98 3. 29 38 | 15.73 5. 25 41 13. 66 
Immature-timber exemption___-_ .47 11 24. 67 1. 01 12 22. 34 1. 64 13 20. 13 
Yield tax, rate 10 times prop- 
Criy-tartatersss a2 ee 1. 33 30 19. 25 2.71 31 17. 39 4.15 32 | 15. 63 
1 For assumptions and formulas refer to table 160, from which this table is calculated. Columns 2, 4, 5, 
pad d are computed by dividing corresponding figures in table 160 by 2,500; columns 3 and 6 are the same as 
able 160. 
