That’s a full four years before Mike Rotunda came into the WWF with the very similar I.R.S “evil Taxman” gimmick!
Do you suppose someone in WWF Creative was a Mad Magazine fan in the late 80’s and remembered this parody a few years later?
They did a really great job capturing the layout, fonts, and color scheme of a typical WWF Magazine cover, didn’t they?
All credit goes to Doug’s Mad Magazine Covers Site for the image above.
Please check out his site– it’s an excellent resource and trip back through time if you grew up reading Mad Magazine like I did!