Inflation and Present Value of Timber Income after Taxes
- 1 February 1979
- journal article
- research article
- Published by Springer Nature in Journal of Forestry
- Vol. 77 (2) , 94-96
- https://doi.org/10.1093/jof/77.2.94
Abstract
Where a guiding rate of interest fluctuates with the inflation rate but remains constant in real terms, present values of future timber income after property taxes or yield taxes tend to be independent of inflation. After capital gains taxes, however, present values decline with increases in the projected inflation rate. The decline becomes less significant with lengthening payoff periods.This publication has 0 references indexed in Scilit: