Sunday, April 14, 2019

E. Simms Campbell: Dependent Exemptions

E. Simms Campbell's Harem Girls cartoon from the April 1937 Esquire may seem a tad dated today. Now, as a result of our new tax law, after the 2017 tax year dependents are no longer subject to an income tax exemption, although the standard deduction has been increased. Someone is going to have to inform the sultan.

"You mean I can claim an exemption if I have children?"
E. Simms Campbell
Esquire, April 1937, page 42

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