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[Young boy lying on the floor reading "The Simplified Income Tax, 1945"]
[Young boy lying on the floor reading "The Simplified Income Tax, 1945"]

[Young boy lying on the floor reading "The Simplified Income Tax, 1945"]

Artist (American, 1900 - 1974)
Date1945
ClassificationsCartoon
MediumCrayon and ink
DimensionsObject: 6 × 7 3/4 in. (15.3 × 19.7 cm) Sheet: 8 × 8 7/16 in. (20.3 × 21.5 cm)
Credit LineMary Petty and Alan Dunn Bequest
Keyword/Subject
Object number1979.0947
" '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
Image Not Available for “The anti-windfall tax is excess of the amount due in 1942 and 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 excess of the amount due in 1942 and 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
"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
"They've simplified it. All you've got to remember is..."
"They've simplified it. All you've got to remember is..."
Alan Dunn
1947
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
no date
"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
"You can pay for it out of income."
"You can pay for it out of income."
Alan Dunn
1941
Income Tax
Income Tax
Constantin Alajalov
1938
"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
"Just think of it, dear! This time last year we were living on the floor below."
"Just think of it, dear! This time last year we were living on the floor below."
Alan Dunn
1930