11.18.2014

Al Sharpton's Tax Dodge

Questions About Sharpton’s Finances Accompany His Rise in Influence

Excerpt:


Mr. Sharpton has regularly sidestepped the sorts of obligations most people see as inevitable, like taxes, rent and other bills. Records reviewed by The New York Times show more than $4.5 million in current state and federal tax liens against him and his for-profit businesses. And though he said in recent interviews that he was paying both down, his balance with the state, at least, has actually grown in recent years. His National Action Network appears to have been sustained for years by not paying federal payroll taxes on its employees. With the tax liability outstanding, Mr. Sharpton traveled first class and collected a sizable salary, the kind of practice by nonprofit groups that the United States Treasury’s inspector general for tax administration recently characterized as “abusive,” or “potentially criminal” if the failure to turn over or collect taxes is willful. Mr. Sharpton and the National Action Network have repeatedly failed to pay travel agencies, hotels and landlords. He has leaned on the generosity of friends and sometimes even the organization, intermingling its finances with his own to cover his daughters’ private school tuition.
Comment: If NYTimes artcile won't load, also here. Image source.  Just for fun ... images of Al and Obama together.

2 comments:

  1. I have to wonder what would happen to anyone else with the same issues who was not a civil rights activist. I'm thinking "graybar hotel" for both him and Jesse Jackson.

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