New York Times: Al Sharpton Owes $4.5 Million In Taxes And Steals From His Charities – Downtrend
Man, I really thought the race hustle was a lucrative line of work. You make up racism and guilty liberal assholes send you money. There’s really no overhead; just profit. It may be that race hustling is a good line of work, but apparently Al Sharpton sucks at it or at least the money management side of it. The New York Times is reporting that Big Al owes a ton in back taxes and “borrows” from his various charities to support his lavish lifestyle.
Last month I reported on Sharpton’s birthday bash, which was really just a fundraiser to pay down his debt. At the time, Sharpton’s people said they had a handle on the money he owed, but the NYT paints a much different picture:
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.
Then there’s the stealing:
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.
Oh, and even more stealing:
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.
Sharpton is also likely guilty of campaign finance fraud:
With Mr. Sharpton focused on the 2004 presidential race, National Action Network’s finances were reaching crisis levels, tax documents and other public records show. The group’s revenues totaled just over $1 million in 2004, about half of what they had been two years earlier. Nevertheless, it picked up expenses from Mr. Sharpton’s presidential bid: $181,115 in consulting and other costs that should have been charged to his campaign, the Federal Election Commission later found.
The group also faced court judgments for several hundred thousand dollars in unpaid office rent and hotel bills.
And tax fraud:
To stay afloat, the nonprofit became reliant on money that was supposed to go to payroll taxes, according to its financial statements. The amount National Action Network underpaid the federal government in taxes went from about $900,000 in 2003 to almost $1.9 million by 2006, records show.
In addition, Sharpton is constantly being sued by his landlord for not paying his rent. Since 2006 he’s been sued for hundreds of thousands of dollars on properties he occupies but doesn’t pay for.
It’s probably not shocking to most who are reading this that Al Sharpton is a POS schemer and charlatan, but it is kind of surprising that the liberal PC New York Times has published a piece critical of him. Especially considering that Sharpton is a White House consultant and Obama’s go-to guy on race relations.
This article makes you wonder why anyone would donate to an Al Sharpton charity. As far as I can tell, the only purpose of his National Action Network is to keep him in the lap of luxury. You never hear about Sharpton feeding people, sending kids to college, or building homes for the underprivileged; just about him jetting across the globe to condemn the latest instances of made-up racial injustice.
So not only is Sharpton a race hustler, he’s a regular hustler too: defrauding his charities and the government for personal gain. It’s lucky for him he has friends in high places because anyone else in his position would be in jail by now.