MSNBC Star Host Al Sharpton Owes IRS $2.6 Million

[Geee]

Human Events:

MSNBC star Al Sharpton owes the IRS $2.6 million... But he did finally pay the Peabody Hotel in Memphis the $106,981 that he owed for a 2008 conference.

The New York Post reported:

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.

[RandyM]

What a role model him be much.

[Casino67]

Still don't know how he manages to hide his income from MSDNC. Must be going to a shell company he has set up or his NAN.

[Pepper]

Casino67! RandyM! It will be deducted from the # reparation $$ he is owed.

 

 

 

# the ones that Obama is trying to extort under the name of social justice and fairness.

[Argyle58]

Casino67! RandyM! It will be deducted from the # reparation $$ he is owed.

 

 

 

# the ones that Obama is trying to extort under the name of social justice and fairness.

 

I dunno........$2.6 million is a lot for 40 acres and a mule, but then we are talking the U.S. government.

[Pepper]

Argyle58!

 

I would concede that point but your are forgetting the gosh awful injustice and that special confounded compounded interest rate applicable to the old, young, minority, the union, the female, the oppressed.