Should NHRA lower the entry fees & raise the payouts in '09 ???

[Sean Kennedy]

Will hell freeze over?

Will the Chicago Cubs win the world series?

Will Ed O'brien be the next stock world champ?

While this would be nice, if you think it's gonna happen you are suffering from hallucinations.

[bill dedman]

Just an aside here...
According to one independent online cost-of-living index inflation calculator, the difference in 1998 and 2008 is a little over 31-percent.

Food for thought....

[Bruce Noland]

Mayfield360,
Laughter is the only defense we have against these money grubbers. It's all about how much they can pinch from this tax contraption known as the nhra. They make no secret about it. One day a person on the bottom floor of the IRS in Washington will say - what'sthiscrap here??? and make a couple of calls to his/her bosses. Then all of us will be racing for/with Bruton.

[Mike Meier]

Originally Posted by Bruce Noland

Mayfield360,
Laughter is the only defense we have against these money grubbers. It's all about how much they can pinch from this tax contraption known as the nhra. They make no secret about it. One day a person on the bottom floor of the IRS in Washington will say - what'sthiscrap here??? and make a couple of calls to his/her bosses. Then all of us will be racing for/with Bruton.

Don't you wish, huh? Unfortunately it doesn't work that way. I work for an insurance company and I see people doing stuff that would make your head spin. 50% of the time I alert my higher-ups to something not kosher they will say "Well we've been letting them get away with it for XX years so I don't think we should make waves". The IRS is understaffed at this point and the few auditors I have run into didn't exactly strike fear into my heart. They are more inclined to negotiate than make mandates. Plus I don't think it would make the US Gov't any more money if they took away the non-profit status, the NHRA would just find enough deductions to cover any potential profit. Oh and the downside of taking away their non-profut status....we won't be able to see a copy of their yearly filing as easily as we had in the past. At least the way it is now we have some sort of transparency (not much, but some).

[Bruce Noland]

Mike,
You must have encountered some mild mannered IRS folks. They live all around my neighborhood (35 miles from DC), some of them should be put on leashes. I doubt the insurance industry is operated in the same fashion as the IRS.

Transparency and the nhra really don't mix very well. You think about 50+ years of tax "relief" and that adds up to a lot of OUR dollars.

[Mike Meier]

Originally Posted by Bruce Noland

Mike,
You must have encountered some mild mannered IRS folks. They live all around my neighborhood (35 miles from DC), some of them should be put on leashes. I doubt the insurance industry is operated in the same fashion as the IRS.

Transparency and the nhra really don't mix very well. You think about 50+ years of tax "relief" and that adds up to a lot of OUR dollars.

Ask one of them about getting me a job, I don't get to do enough ball-breaking over the course of the week.