[AlpacaTalk] Re: [alpacapolitics] Re: AOBA fees
There is no "surplus" money. There continue to be the same AOBA revenue
streams (dues, Alpacas Mag, F&RG and auction at Nationals) that have existed
for several years. The only change is that the present (new) CPA firm
admonished that AOBA was liable for income tax on the portion of funds
generated by the magazine, F&RG and the auction.
Same old AOBA revenue, minus some income tax, does not equal surplus funds,
It equals a decrease in AOBA funds. This is Kindergarten math:
$ XXXX (AOBA Funds)
- $ X (income tax)
= $ XXX (less AOBA Funds)
If your personal income tax liability goes up, do you have "surplus" funds?
Only if the increase in tax is due to an increase in your income itself.
There has been NO increase in AOBA income, just a determination that a
portion of that income must be paid to IRS.
It is possible to eliminate your personal income tax by merely reducing your
income to a level that does not accrue tax liability. That would prevent
having personal "surplus funds". Side benefit... easy weight loss when you
can't buy groceries.
AOBA can eliminate the taxes on the "Unrelated Business Income" by
eliminating the "Unrelated Businesses". Side benefit...No Alpacas Magazine
cluttering members' mailboxes, no breeders giving up one of their females to
the auction, and elimination of those annoying Alpaca commercials on TV.
Additional side benefit... elimination of those pesky ranch visitors and the
paperwork involved with selling an alpaca to them. Best of all, a reduction
of your personal income taxes as a result of the reduction in your alpaca
sales. Farm workload and expense will also decrease... no need for stud
fees or work involved with breeding your females as there will not be a
market for their offspring. Looks like a real winner all the way around.
Once AOBA eliminates this "Unrelated Business" income they'll also be able
to realize other savings. No F&RG will mean no need for a telephone at HQ.
No phone, no one needed to answer the phone. Won't need that pricey copy
machine either, nor the overpriced display. Matter of fact, no need for
AOBA, so we can save an additional $125 per year.
Yep... we definitely need to stop generating and using those "surplus
funds"!
Jess
Jess & Cookie Bowers
Acres of Love Alpaca Ranch
Acres of Love Alpaca Transport
11006 N 92nd East Ave
Owasso, OK 74055-6531
(918) 327-3519
Fax (918) 272-0969
WWW.Acresoflove.
----- Original Message -----
From: <LunarStruck@
To: <alpacapolitics@
Sent: Tuesday, January 01, 2008 4:58 AM
Subject: Re: [alpacapolitics] Re: AOBA fees
> Maybe I'm just naive as I'm new to breeding and AOBA, but wouldn't it be
> better to just lower AOBA fees instead of having a surplus and having to
> worry
> about paying additional taxes? How can you have a surplus of money and
> then
> raise the fees the following year? This doesn't make much sense to me.
>
> SUSAN OLSON
> Alpaca Loco
> Riverside, CA
Earn your degree in as few as 2 years - Advance your career with an AS, BS, MS degree - College-Finder.net.
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch format to Traditional
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe
__,_._,___
posted by Chaddo at 8:47 AM
0 Comments:
Post a Comment
<< Home