NHRA sold!

tgriffith · 05-31-2007, 06:30 PM

just speculation but....... what of Nhra was on the verge of not being a non profit organization any longer and had to do something to avoid paying a ton of taxes.??? What if Bruton was so angry about not getting his way about buying Nhra that he raised the issue to the IRS on how they could be such a power,,,,,membership holders have no say and still be "non Profit"......Personally,,Id like to know the same ,,,How do you own so much property,,,pay yourself a large salary,,,,live the high life ,,own alot of property and membership dont have **** to say in it and still be non profit???.........Dollar to a Doughnut says ,,,,(if it ever comes out) there was some tax related issue that caused this,,,,,,,the original mission of nhra has long been abandoned and a multi million dollar money makin machine is what it is today.........IMO,,the split will allow the powers that be,,, cash in on the multi million dollar cash cow and the donation of the 100 million will allow the sportsman side to operate for years to come under the original mission statements of safety and fair play, and not raise any Irs questions,,,only time will tell I guess!!!

05-31-2007, 06:30 PM	#27
tgriffith Member Join Date: May 2002 Posts: 187 Likes: 0 Liked 0 Times in 0 Posts	just speculation but....... what of Nhra was on the verge of not being a non profit organization any longer and had to do something to avoid paying a ton of taxes.??? What if Bruton was so angry about not getting his way about buying Nhra that he raised the issue to the IRS on how they could be such a power,,,,,membership holders have no say and still be "non Profit"......Personally,,Id like to know the same ,,,How do you own so much property,,,pay yourself a large salary,,,,live the high life ,,own alot of property and membership dont have **** to say in it and still be non profit???.........Dollar to a Doughnut says ,,,,(if it ever comes out) there was some tax related issue that caused this,,,,,,,the original mission of nhra has long been abandoned and a multi million dollar money makin machine is what it is today.........IMO,,the split will allow the powers that be,,, cash in on the multi million dollar cash cow and the donation of the 100 million will allow the sportsman side to operate for years to come under the original mission statements of safety and fair play, and not raise any Irs questions,,,only time will tell I guess!!!