Re: [AlpacaTalk] Re: [alpacapolitics] Re: AOBA fees
This is not kindergarten math. That's why CPAs are required. I wish you
would stop speaking down to those asking questions. Your tone is pretty
nasty, and on other discussion groups, would not be allowed. Why are
you so angry that people are asking questions? Is there something being
hidden?
What I'm seeing in those P&L statements and balance sheets is that
membership fees are under budget, advertising sales in the magazine is
way down. If the advertising were more affordable to more of us, more
people would buy ads, and therefore ad sales would increase. REg fees
for the national Conference are lower than expected. Again, fees were
too high to make it affordable to many members! Now that is
kindergarten math.
I can hear it now, "Well that's not the whole story, it's not that
simple." And why don't I know the whole story? Because we're not told
the whole story!
Amy McCroskie says "Oops, my bad! I dropped the ball and 'forgot' to
inform the membership of the subsidiary." Good grief. Forgot? Such a
major development is not something that anyone would forget!
Heather
On Jan 1, 2008, at 8:47 AM, Acres of Love wrote:
> 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
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posted by Chaddo at 10:07 AM
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