The race-hustling Reverend Al Sharpton sure is making a nice living for himself off of his “non-profit” ventures. The companies may be in the red, but Sharpton’s profiting quite handsomely. Oh, and he’s also avoided paying his “fair share” of taxes.
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. (Read More)
Don’t you just love guys like Sharpton? They rail against people who get wealthy by actually producing something, while they exist by bilking money out of donors to their ginned up causes.
Scared Monkeys wonders why President Obama isn’t outraged over this abuse by a member of the 1%, and The Other McCain reminds us “Just because it’s “non-profit” doesn’t mean that people aren’t getting paid.” Isn’t that the truth?
Tags: 1, al sharpton, non profit, perks, salary, taxes
What’s good for the Democrats is definitely not good for the rest of us. Tax evasion seems to be a common thread among several of Obama’s friends in high places including his own cabinet.
A non-profit agency must maintain a good reputation in the community and with tax law to continue to receive the IRS tax-exempt status. A non-profit must also be providing a unique service to the community. The average citizen would not be able to continue to do business under similar circumstances.
It looks like a scam to me. It’s nice to have friends in high places.
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