PRESENT DOLLARS are heavy dollars; future dollars are light dollars. The effort of taxpayers to retard tax liabilities and advance tax write-offs follows as the night the day, and economists understand the rudiments of this game: taxes deferred are taxes denied. The economics profession has lagged in developing capital theory and more so in . . . → Read More: Tax-Induced Slow Turnover of Capital
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Extractive Resources and Taxation Madison: University of Wisconsin Press, 1967. Volume One, Publications of TRED, The Committee on Taxation, Resources and Economic Development. Out of print; available micro. Includes 79 pages of “Editorial Findings” (item B, 2, hic), plus Introduction to the volume. . . . → Read More: Extractive Resources and Taxation: Editorial Findings Extractive Resources and Taxation Madison: University of Wisconsin Press, 1967. Volume One, Publications of TRED, The Committee on Taxation, Resources and Economic Development. Out of print; available micro. Includes 79 pages of “Editorial Findings” (item B, 2, hic), plus Introduction to the volume. . . . → Read More: Extractive Resources and Taxation: Introduction When should we cut a tree? Not only A) when the incremental value of growth no longer exceeds the cost of interest, but simultaneously B) when it’s time to free the land for a new crop–leading to a shorter cutting cycle than dictated by A) alone. . . . → Read More: Concepts of Financial Maturity of Timber and Other Assets |
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