TAXATION: Foxy Reynard

Creator of such familiar personalities as The Toonerville Skipper, The Terrible Tempered Mr. Bang, Aunt Eppie Hogg, The Powerful Katrinka, and Mickey (Himself) McGuire is a mild-mannered little newspaper cartoonist named Fontaine Fox. Last week the U. S. Board of Tax Appeals handed down a decision on a less familiar but equally profitable creation of Cartoonist Fox known as Reynard Corp.

In 1924 Mr. Fox formed Reynard Corp., with himself as president, his brother Barton and his lawyer, C. E. Kelley, as fellow directors, and $60,000 of his own cash and bonds...

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