By Tripping over Lot lines. on Friday, November 3, 2000 - 04:14 am:
Overtaxed,
Not too long ago the issue of taxes and CFR land was raised.
Rich (bass-tids) have always figured a way around taxes. There's a local lawyer not too long out of whatever law school who helps rich retired hide their money from Uncle Sam.
All perfectly legal, of course.
But the difference you pay in taxes and what the Academy pays is a drop in the bucket compared to the tax break afforded owners of CFR. (read rich )
In fact, one chunk of CFR land I came across has the small, 4" diameter plat/lot surveyor markers on its shoreline acreage. Used to be wooden stakes by the 4" diameter concrete stumps with words like Plat 13 and an arrow, plat 14 and an arrow. Platbook says it is CFR.
Now what in the does 4" concrete shoreline lot markers have to do with CFR!!!!
Like I said, rich have found a way around taxes. Always have, always will.
The point on CFR? If CFR in platbook can have 4" shoreline lot markers, what the else is labelled CFR and how's about EVERYONE get interested in THAT and let's find out of they have their ducks in a row. I believe they also need some type of timber management plan.