The IRS and NHRA, you gotta see this.

Jim Wahl · 01-20-2011, 04:38 PM

Quote:

Originally Posted by chris3racing

The whole press release is posted on Moparts site. "non-profit" right. I would like to have a amount of money shown on there that Graham light received for "1-hour of work". This is not going to end good at all.

Yeah, Light gets over $6,000 an hour! I would do his job AND wash the windows for that amount! How do you defend that kind of pay? Jim

Greg Hill · 01-20-2011, 04:51 PM

This complaint should trigger a detailed audit. I think the bunch in charge might have a tough time surviving a thorough IRS audit. I don't think there is any way that Compton,et.al will be allowed to steal the company. They are only employees not owners. They don't have any money invested in NHRA and don't own any stock in the company. I do know also there has been a complaint filed with the CA attorney General and they may be waiting to see what happens with the IRS. It's going to be really interesting to see where all the expense money goes [$120 million in 2008].

01-20-2011, 04:51 PM	#2
Greg Hill VIP Member Join Date: May 2006 Location: Louisville , KY Posts: 1,995 Likes: 68 Liked 279 Times in 68 Posts	Re: The IRS and NHRA, you gotta see this. This complaint should trigger a detailed audit. I think the bunch in charge might have a tough time surviving a thorough IRS audit. I don't think there is any way that Compton,et.al will be allowed to steal the company. They are only employees not owners. They don't have any money invested in NHRA and don't own any stock in the company. I do know also there has been a complaint filed with the CA attorney General and they may be waiting to see what happens with the IRS. It's going to be really interesting to see where all the expense money goes [$120 million in 2008]. __________________ Greg Hill 4171 STK