Saturday, May 25, 2013
How Much Does Al Sharpton owe The IRS and Everybody Else?
The Rev. Al Sharpton’s nonprofit paid him nearly $242,000 — even as it carried $1.6 million in debt, according to documents obtained by The Post.
In all, the controversial activist and his empire, including the National Action Network and two for-profit companies, were $5.3 million in the red, public records show.
Most of NAN’s money woes stemmed from more than $880,000 in unpaid federal payroll taxes, interest and penalties. It also paid more than $100,000 to settle two lawsuits, byproducts of the unpaid bills.
And it still owed $206,252 in loans to Sharpton’s for-profit Bo-Spanky Consulting Inc. and Sharpton Media LLC, the records show.
Sharpton drew a $241,732 salary and perks that included first-class or charter air travel, tax filings show. He owes the IRS $2.6 million in income tax, and nearly $900,000 in state tax.
The defunct Rev-Al Communications Inc. owes the state almost $176,000, and Bo-Spanky is $3,500 behind on state-tax liens.
Sharpton has said he is on a repayment plan with state and federal-tax authorities.
NAN last year took in more than $3 million in donations, which allowed it to chip away at its tax burden. This year, its board of directors voted to resolve the tax issues and paid all back state taxes, said Executive Director Tamika Mallory.
The civil-rights group is also addressing the $883,503 it owes in federal payroll taxes, she added.
And it is close to finished repaying the Peabody Hotel in Memphis $106,981 owed since 2008, when NAN skipped out on its bill after its annual convention, according to its 2010 audited financial statements.
Plus, it paid $5,500 to a Phoenix developer to settle a legal dispute over the rental of chapter offices.
Reported by: The NY Post
Popular Posts 30 Days
The Rev. Al Sharpton’s nonprofit paid him nearly $242,000 — even as it carried $1.6 million in debt, according to documents obtained by ...
"Where is the Godamn flag? I want the Godamn fucking flag up every morning at fucking sunrise." From the book "Ins...
Want to influence a casino bid? Polish your corporate image? Not be labeled a racist? Then you need to pay Al Sharpton. For more than...
President Obama’s trusted senior advisor, Valerie Jarrett, was a key player in the effort to cover up that Attorney General Eric Holder ...
by Elliott A Green Whitewashing the Arab historical record has long been the practice not only of Arab spokesmen but of the Arabs...
Have you ever wondered what it would be like to be close, personal friends with the Clintons? The nice cars, big houses, and all the gre...
For years, pushers of global warming have been saying that the seas will soon be inundating the world’s sea shores, but a new calculati...
Some Things Just Don't Change
Global warming is socialism by the back door. The whole point of global warming is that it's a rationalization for progressives to do w...
Hard to believe, but it was a mere six years ago the Goracle descended from on high to warn mankind that global warming would inevi...