GardenBanter.co.uk - View Single Post

10-11-2002, 01:39 PM

Larry Caldwell wrote in message
t...
In article ,
writes:

Wish the government would start issuing tree farmers and foresters (I
mean people who actually are growing trees here vs. those only cutting
trees) some legal credits for our efforts, instead of just trying to
tax us more...

??? I have my land in timber deferral and will keep it there as an
option. My property taxes on 93 acres are only a few bucks a year. The
IRS will allow you to deduct silviculture expenses for year after year
without showing a profit, and I can't even remember all the tax credits
and subsidies I discovered when I started researching the matter.

Raising timber starts to pay off when you put the first seedling in the
ground.
Perhaps I should have been clearer, Larry. Why are there _any_ taxes
with timber land?

Yes, there are many government programs which can reduce taxes. But
why are they there in the first place?

Tree farmers and timber managers are (I believe) mostly in the
business for the long term. I know that on my own 80 acres of
family-managed forest, I am unlikely to get any timber off the
property in my lifetime. That means the land will be clearcut after my
death, probably to pay for inheritance taxes.

Did not know you were in the upper 1% of income makers in the US!