MSNBC Star Host Al Sharpton Owes IRS $2.6 Million

It looks like Sharpton used his “resist we much” approach to paying taxes, too.

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. 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.

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  • avery

    If I owe $2.60 i would be in prison for a couple life times.

  • Eriah

    Looks like Al has his own personal welfare system and it’s in the red. Imagine that!

  • MurphyB

    Taxes for thee but not for me.

  • Granny

    #1 December 11, 2011 at 10:04 am
    avery commented:

    If I owe $2.60 i would be in prison for a couple life times.

    Probably not prison, but they definitely would have emptied your bank accounts, attached your paycheck, seized your cars and houses and charged you several thousand extra dollars in fines, penalties and interests. Just ask millions of normal Americans who have been in this boat.

  • listingstarboard

    He must use the same accountant as Charlie Rangel. These absolute immoral bastards make me sick!! Here they denigrate hard working taxpayers that faithfully do the right thing while lying and cheating and working the system.

  • olm

    Maybe Michelle is having an affair with Rev Al.
    Seriously, good point, I have owed the irs a few thousand (very few). What is up with these people owing enormous sums and there are no consequences?
    We really need to clean house, there is no such thing as equality in this country.
    Corzine “I honestly don’t know” is really getting to me this week.
    I want to know how you “lose” 1.2 B or owe the IRS thousands and thousands and are not in jail.
    Can average citizens just put a D after their names and commit crimes without consequences?

  • Patty

    What happens with the elite and the common guy walking the street when it comes to owing taxes, is like apples and oranges. The little guy won’t get a break the the rich one can get a gig on MSNBC.

    Doesn’t seem possible but what has in this day and age of impossibilities has left us shaking our heads. No one could imagine that Charlie Rangel, Kathleen Sebelius, Tim Geithner, and haven’t we heard this:
    Another Obama pick owes back taxes, but it’s OK because, now caught, he’ll pay up.

    Yes, once caught they will pay up. The IRS seems to be looking the other way with all celebrity times and this won’t be the first one and working at one of the most left wing establishment ever. Doesn’t that sound wrong. You bet ya!

  • Tom Whitcomb

    This poves that the IRS is a bunch of racist white guys going after brother Al, a brother cant get a break

  • dba…vagabond trader

    A sure sign that Al is going to become our next treasury sec.

  • woodchuck

    Another story you wont hear from the MSM.

    To bad the show he’s on doesnt allow people to call in. He would be bombarded with racists (according to him) asking him about this.

    Looks like ole Al is one of the rich! Only difference between Al & the rich is, THE PAY ACTUALLY PAY THEIR TAXES!

    I have never watched the show but have heard, MSNDC finally has a comedy show. What makes it funny is the watchers dont laugh with the host, they laugh at the host.

  • Mike

    Vagabond, I don’t think the tax woes were limited to Geithner. That means Rev. Al can be in any Cabinet office!

    Al’s on a payment plan the same way Michael Moore is on a weight loss plan.

  • JR

    This doof is now, finally, going to learn why the tea partiers are sick of the govenrments’ (federal, state, local) wild spending sprees. Doof here will soon be trying to join the tea party.

  • NeoKong

    He doesn’t seem to want to pay his fair share.

  • Buffalobob

    It’s called reparations. He may be a crook but he is their crook. Sticken it to da man.

  • kato

    Aside from the amount owed, he isn’t different from millions of other black deadbeats in this country.

  • mrt721

    “Hey Republicans, resist taxes we much”.

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  • Syble

    $2.6 M ??? Isn’t this the sort of number, The ONE wants to raise taxes on?? Humm I guess if they are not paying the $2.6M they sure will pay a lot more once the taxes are raised..Sort of like
    the more you owe, the more important you are.. so that’s not a tax increase but rather a raise in But then the Big Al will tell you when you are doing wrong.. just saying

  • Molon Labe

    This qualified him to be Obama’s next czar. Give him the keys to Ft. Knox.

  • Pingback: The Culture of Corruption: Al Sharpton’s Nonprofit $1.6 Million In Debt, Yet Pays Himself $242K … Owes IRS $2.6 Million | Scared Monkeys()