Evan Knoll what a loser!

[cal]

Originally Posted by Charlie A

x2

Well now get ready.
Every IRS agent out there will be scritinizing all Drag Racer tax returns.
Thinking we are all crooks.

Cal
HR 1177

[cicero819]

I do not condone what Knoll did, just another person taking advantage of honest system for his own personal self, no worse than all those Wall Street Bankers and schemers.Basically this is the same scheme that Organized crime organizations were involved in during the late 90's and early 2000 where billions was stolen and hardly no convictions ever ensued in the U.S. and Canada. Remember don't steal the Goverment doesn't like competition. Claude

[James Perrone]

At least he Wasted it on Drag Racing...Just like me ...LOL

[tj310]

Just a big tax evasion scheme. 80 million in refunds ? dosen't anybody check the story before they cut a cheque. Equating this scam to the BP disaster in which 12 people died is sad. ---Trevor

[Phillip marvetz]

Originally Posted by tj310

Just a big tax evasion scheme. 80 million in refunds ? dosen't anybody check the story before they cut a cheque. Equating this scam to the BP disaster in which 12 people died is sad. ---Trevor

I'm not comparing to the oil spill, Big oil get's billions of $$$$ in tax kick backs from the IRS every year. Sounds like Mr Evans was small potatoes in the fuel world to me. I wonder how much $$$ he would have gotten if he hadn't faked the returns. Too bad for everyone.

[Julie Jordan]

Originally Posted by Phillip marvetz

I'm not comparing to the oil spill, Big oil get's billions of $$$$ in tax kick backs from the IRS every year. Sounds like Mr Evans was small potatoes in the fuel world to me. I wonder how much $$$ he would have gotten if he hadn't faked the returns. Too bad for everyone.

Actually, Big Oil doesn't get "kickbacks", that's the way the media likes to word tax deductions that every business is entitled to....depreciation, amortization, intangible drilling costs, domestic activity production deduction, to name a few. Every business is entitled to those deductions. When the press is focused on Big Oil and gives them different terminology then they become evil deductions. lol

[Randall Klein]

Thanks, Julie for a voice of reason. We should thank the oil companies for the risks and regulations they endure to supply consumers with hydrocarbons for ALL products we use, from race and tow gas to the annoying plastic bags at WalMart rather than vilifying them

[CycloneFE]

Originally Posted by Julie Jordan

Actually, Big Oil doesn't get "kickbacks", that's the way the media likes to word tax deductions that every business is entitled to....depreciation, amortization, intangible drilling costs, domestic activity production deduction, to name a few. Every business is entitled to those deductions. When the press is focused on Big Oil and gives them different terminology then they become evil deductions. lol

So true. I work for Cat and we say the shortest lifespan of anything at Cat is the concrete, put in in one day and I have seen them take it out before the end of the week. Tax write offs, whatever, at least we are working.

Shame about Evan and how it may look to Drag Racing altogether.

[Michael Beard]

Originally Posted by Julie Jordan

Actually, Big Oil doesn't get "kickbacks", that's the way the media likes to word tax deductions that every business is entitled to....depreciation, amortization, intangible drilling costs, domestic activity production deduction, to name a few. Every business is entitled to those deductions. When the press is focused on Big Oil and gives them different terminology then they become evil deductions. lol

x2.... thank you!

You cannot operate from the premise that government owns all wealth and production, and they are merely haggling over how much you are "allowed" to keep.