Human Events Blog

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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  • Guest

    Al Sharpton, America’s first illiterate news anchor! Hilarious!

  • GomeznSA

    Those are what are known as resume enhancers for a possible post as one of barry’s czars.

  • Dan the TEA Man

    It’s a requirement to be in OweBowMao’s cabinet!

  • Dan the TEA Man

    The real news is that PMSNBC is still in existence. Bill Gates’ money goes a long way, I suppose.

  • Dan the TEA Man

    Apparently, you’d get off the hook if you were a race-baiter.

  • Niniane

    I also think that Soros watches to see if Chris Matthews gets another tingle up his leg.

  • Biganhung

    You can’t put an American icon in jail keep the good work al

  • dba_vagabond_trader

    Going after law abiding Christians and tea partiers takes precedence over a tax dodging race pimp.

  • MMinCC

    Typical REgressive hypocrite-also a murder inciting liar.

  • susan higgins

    I stopped watching msnbc, except for Chris, because of this troublemaker, can’t believe they gave this guy a show. really stupid.

  • susan higgins

    you sound like a lunatic.

  • boerboelicious

    For him being in the race business he obviously sucks at it. If he were any good he would have a flush bank account and all his businesses would be in the black instead of red.