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"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?"

"How much did you say we'd save under the new tax rate, dear?"

Artist (American, 1900 - 1974)
Date1945
ClassificationsCartoon
Mediumcrayon ink
DimensionsObject: 5 5/8 × 9 3/4 in. (14.3 × 24.8 cm) Sheet: 5 5/8 × 9 3/4 in. (14.3 × 24.8 cm)
Credit LineMary Petty and Alan Dunn Bequest
Object number1979.0995B
"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
" '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
"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
"But if we couldn't save Wanamaker's and we couldn't save 277 Park, how can we possibly save Penn Station?"
"But if we couldn't save Wanamaker's and we couldn't save 277 Park, how can we possibly save Penn Station?"
Alan Dunn
1962
"You poor dear! Did you think I didn't love you enough to take an interest in fixing you up?"
"You poor dear! Did you think I didn't love you enough to take an interest in fixing you up?"
Alan Dunn
1933
"Oh, dear, we're just on our way out. I'm terribly sorry. I don't know any eight people we'd rather have seen."
"Oh, dear, we're just on our way out. I'm terribly sorry. I don't know any eight people we'd rather have seen."
Alan Dunn
1946
"Say, Dad, aren't you taking this recent swing to the right too much for granted?:
"Say, Dad, aren't you taking this recent swing to the right too much for granted?:
Alan Dunn
1969
"So you're a Save the Thirty-five-cent Fare! I'd like you to meet Mrs. Hawes. She's a Save Long Island Sound."
"So you're a Save the Thirty-five-cent Fare! I'd like you to meet Mrs. Hawes. She's a Save Long Island Sound."
Alan Dunn
1974
"Now, dear, you mustn't try to do too much in one day."
"Now, dear, you mustn't try to do too much in one day."
Alan Dunn
1939
"He figures that if he doen't pay the sales tax it'll save us book- keeping because he's on the dole and he'll just get it right back."
"He figures that if he doen't pay the sales tax it'll save us book- keeping because he's on the dole and he'll just get it right back."
Mary Petty
1935
"I'm telling you for the last time, Harwick. It's none of your business how much it costs the taxpayers. Your job is to find that gun."
"I'm telling you for the last time, Harwick. It's none of your business how much it costs the taxpayers. Your job is to find that gun."
Alan Dunn
1941
"Didn't you use to be Peggy Poole? My dear, I hardly knew you under 'G'!"
"Didn't you use to be Peggy Poole? My dear, I hardly knew you under 'G'!"
Alan Dunn
1934