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Old 09-23-2010, 02:01 AM   #1
Sean Kennedy
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Default Re: Whose interests does NHRA represent?

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Originally Posted by Alan Roehrich View Post
Looking at a tax return for any one to three year period can be extremely misleading.

For example, there are a ton of corporations that will show a profit this year, whether they actually made one or not, and have already decided to show a loss for 2011 in order to avoid the anticipated sunset of the "Bush tax cuts for the rich". They'll move profits and losses on paper, legally, to show whatever they need to show.

Further, the corporation "NHRA" may show a net loss, while every board member and silent shareholder takes home a nice hefty salary paycheck and bonuses.
Fair enough. Well put as always Mr. Roehrich.
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Old 09-23-2010, 09:23 AM   #2
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Default Re: Whose interests does NHRA represent?

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I beleive per the tax returns that get posted on DRO that the NHRA lost money in 2008. I haven't been paying attention so I don't know if they released the return for 2009, but if you want to know if they are turning a profit that is the best place to look.
Uh... what?

http://www.dragracingonline.com/anal..._12-tax-1.html

2008 revenue was greater than expenses by over $1.8 Million. (didn't want to use the word "profit" here)

2009 returns will be released in December.
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Old 09-23-2010, 09:30 AM   #3
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Angry Re: Whose interests does NHRA represent?

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let the Flaming begin > I don't agree with most about NHRA not paying attention to the sportsman , right now I suspect NHRA is trying just to stay alive and every time I have talked to them they are always concerned about every class. heck the one element we don't know is NHRA making any Money in this economy? and we don't know about the rest of the story,so how can anyone make a true assumption about how NHRA is doing??
If NHRA isnt making any money its only because the current crop of crooks running it are robbing it blind while they can.
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Old 09-23-2010, 10:06 AM   #4
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Default Re: Whose interests does NHRA represent?

X-Tech man said
"If NHRA isnt making any money its only because the current crop of crooks running it are robbing it blind while they can."
.

I don't agree one single bit about NHRA Executives being what you are calling them I have talked with them and they all have always been up front with me in nearly every single situation so far, so in my opinion what you are saying is unfounded
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Old 09-23-2010, 10:30 AM   #5
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Thumbs down Re: Whose interests does NHRA represent?

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Originally Posted by Don Kennedy View Post
X-Tech man said
"If NHRA isnt making any money its only because the current crop of crooks running it are robbing it blind while they can."
.

I don't agree one single bit about NHRA Executives being what you are calling them I have talked with them and they all have always been up front with me in nearly every single situation so far, so in my opinion what you are saying is unfounded
They make "HOW MUCH" for "HOW MANY HOURS " they call work ! They are NOT worth it ! Wow...have they ever got you fooled ! They are talking and acting just like politicians.
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Old 09-23-2010, 10:39 AM   #6
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Default Re: Whose interests does NHRA represent?

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They make "HOW MUCH" for "HOW MANY HOURS " they call work ! They are NOT worth it ! Wow...have they ever got you fooled ! They are talking and acting just like politicians.

No They don't have me fooled
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