View Single Post
Old 09-23-2010, 02:01 AM   #11
Sean Kennedy
Member
 
Sean Kennedy's Avatar
 
Join Date: Oct 2003
Location: Seattle, WA
Posts: 182
Likes: 0
Liked 1 Time in 1 Post
Send a message via AIM to Sean Kennedy
Default Re: Whose interests does NHRA represent?

Quote:
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.
__________________
2002 Division 6 High School Champion
2007 Division 6 Pro Champion
2007 Division 6 National Open Series Stock/Super Stock Champion
Sean Kennedy is offline   Reply With Quote