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"You can pay for it out of income."
"You can pay for it out of income."

"You can pay for it out of income."

Artist (American, 1900 - 1974)
Date1941
ClassificationsCartoon
Mediumcrayon ink
DimensionsObject: 9 3/4 × 13 3/4 in. (24.8 × 34.9 cm) Sheet: 9 3/4 × 13 3/4 in. (24.8 × 34.9 cm)
Credit LineMary Petty and Alan Dunn Bequest
Object number1979.0794
"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
"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
"I'm sure you can get a few months' wear out of it before opinion crystallizes."
"I'm sure you can get a few months' wear out of it before opinion crystallizes."
Alan Dunn
1940
"I tried to commission him in the field as you ordered sir, but he wants to know what about base pay, rental and..."
"I tried to commission him in the field as you ordered sir, but he wants to know what about base pay, rental and..."
Alan Dunn
1944
"I'd like to hear more about you "Go Now--Pay Later" plan."
"I'd like to hear more about you "Go Now--Pay Later" plan."
Alan Dunn
1955
"Oh, please, please, Dad, give me a church wedding! I'll pay for anything I break out of my allance."
"Oh, please, please, Dad, give me a church wedding! I'll pay for anything I break out of my allance."
Alan Dunn
1930
"Don't worry. It's perfectly safe if used as directed. Just don't breathe the vapor or spraymist, avoid contact with the skin, keep the mist from your eyes, do not spray near a fire or open flame, store under a hundred and twenty degrees and out of the sun's rays, keep the can out of reach of children, and do not incinerate or puncture."
"Don't worry. It's perfectly safe if used as directed. Just don't breathe the vapor or spraymist, avoid contact with the skin, keep the mist from your eyes, do not spray near a fire or open flame, store under a hundred and twenty degrees and out of the sun's rays, keep the can out of reach of children, and do not incinerate or puncture."
Alan Dunn
c 1966
No Caption (letting air out of tires so truck can enter tunnel)
No Caption (letting air out of tires so truck can enter tunnel)
Alan Dunn
1951
" '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."
Alan Dunn
1943
"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
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
"Here's the one - The Coming Armageddon - I wrote it four years ago - I remember I delivered it on a day that rained and only three people came. Why don't I change the wording a bit substituting 'atomic might' for 'military might' and let it solve my problem for next Sunday? After all, Dr. Blahr does it all the time - suppose I just read it to you - you can go right on sewing..."
"Here's the one - The Coming Armageddon - I wrote it four years ago - I remember I delivered it on a day that rained and only three people came. Why don't I change the wording a bit substituting 'atomic might' for 'military might' and let it solve my problem for next Sunday? After all, Dr. Blahr does it all the time - suppose I just read it to you - you can go right on sewing..."
Alan Dunn
1948