Resist Paying Taxes We Much
Posted by Jammie on Dec 11, 2011 at 8:48 am
Earlier this year we noted how Barack Obama’s good buddy, MSNBC star Al Sharpton, was $3.7 million in arrears to the IRS. Well, it doesn’t appear that his financial situation has improved much even though he’s got that gig at MSNBC, especially with his National Action Network.
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.
Sure they are. So why do we see stories like this every year?
Good thing he’s a Democrat kingmaker. Otherwise people might become suspicious.
http://www.jammiewf.com/2011/resist-paying-taxes-we-much/ |
