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" 'The anti-windfall tax is the excess of the amount due in 1942 or 1943, whichever is the lower, over the tax on the highest income of the years 1937, 1938, 1939, or 1940 plus $20,000 figured at 1942 Revenue Act rates'...Well, that much is clear."
" 'The anti-windfall tax is the excess of the amount due in 1942 or 1943, whichever is the lower, over the tax on the highest income of the years 1937, 1938, 1939, or 1940 plus $20,000 figured at 1942 Revenue Act rates'...Well, that much is clear."

" 'The anti-windfall tax is the excess of the amount due in 1942 or 1943, whichever is the lower, over the tax on the highest income of the years 1937, 1938, 1939, or 1940 plus $20,000 figured at 1942 Revenue Act rates'...Well, that much is clear."

Artist (American, 1900 - 1974)
Date1943
ClassificationsCartoon
Mediumcrayon ink
DimensionsObject: 8 11/16 × 10 9/16 in. (22 × 26.8 cm) Sheet: 8 11/16 × 10 9/16 in. (22 × 26.8 cm)
Credit LineMary Petty and Alan Dunn Bequest
Object number1979.1908
"How much did you say we'd save under the new tax rate, dear?"
"How much did you say we'd save under the new tax rate, dear?"
Alan Dunn
1945
"How much did you say we'd save under the new tax rate, dear?"
"How much did you say we'd save under the new tax rate, dear?"
Alan Dunn
1945
"He has no faults whatsoever to find with the administration, he approves the conduct of the war without reservations, he likes the OPA and the way they do things, he thinks the WPB and the OWI are O.K., he made out his income tax with no difficulty..."
"He has no faults whatsoever to find with the administration, he approves the conduct of the war without reservations, he likes the OPA and the way they do things, he thinks the WPB and the OWI are O.K., he made out his income tax with no difficulty..."
Alan Dunn
1944
"No income tax in Russia by 1965! That was really hitting below the belt!"
"No income tax in Russia by 1965! That was really hitting below the belt!"
Alan Dunn
1960
Income Tax
Income Tax
Constantin Alajálov
1941
The 15th Income Tax
The 15th Income Tax
Boris Artzybasheff
circa 1952
Income Tax
Income Tax
Constantin Alajálov
1938
George, the most wonderful thing happened today! We got a $130 refund on our income tax!
George, the most wonderful thing happened today! We got a $130 refund on our income tax!
Don Tobin
n.d.
No caption (young boy lying on the floor reading "The Simplified Income Tax, 1945")
No caption (young boy lying on the floor reading "The Simplified Income Tax, 1945")
Alan Dunn
1945
Formulation: Articulation, Portfolio I, [ A development through 6 years (1936, 1941, 1942)] Folder 13
Formulation: Articulation, Portfolio I, [ A development through 6 years (1936, 1941, 1942)] Folder 13
Josef Albers
1972
"I hear you fellows are going to raise the phone rates."
"I hear you fellows are going to raise the phone rates."
Kindl (Alan Dunn)
n.d.
"Now look - International has a net quick of $15 per share. Its market price is $10, book is $36.65. Our net quick is $8; our book is$22, and at market we are selling for $25. So to start with we offer them one share of ours for two of theirs. That's five bucks premium. Can they turn it down? So they turn it down. Then we say, O.K., we'll buy the assets. We'll give you $1 million for your plant, which stands at $3,900,000 net. That wipes out all the water, gives them a fine tax carry-back. Then we give them 80 per cent of net inventory and accounts receivable - that's another $4 million. Another nice tax loss for them. So we pay 'em $5 million. There's nothing complicated about this except - say, where do we get the turn-around money"
"Now look - International has a net quick of $15 per share. Its market price is $10, book is $36.65. Our net quick is $8; our book is$22, and at market we are selling for $25. So to start with we offer them one share of ours for two of theirs. That's five bucks premium. Can they turn it down? So they turn it down. Then we say, O.K., we'll buy the assets. We'll give you $1 million for your plant, which stands at $3,900,000 net. That wipes out all the water, gives them a fine tax carry-back. Then we give them 80 per cent of net inventory and accounts receivable - that's another $4 million. Another nice tax loss for them. So we pay 'em $5 million. There's nothing complicated about this except - say, where do we get the turn-around money"
Alan Dunn
1954