Rev. Al Sharpton Owes a Huge Pile of Money
April 19, 2012 - 7:43 am
He owes and owes and owes. But resist we much to laugh at his massive debt problem.
The liberal provocateur owes nearly $1 million to creditors and the federal government as a result of his failed bid for the 2004 Democratic presidential nomination.
His campaign’s unpaid bills exceed $888,000, according to federal filings.
It is unclear why Sharpton has not paid his creditors. He does not lack for income.
Sharpton has his own primetime talk show on liberal network MSNBC, a platform he used to drive the Trayvon Martin shooting story that rocked the nation and led to the arrest of Democratic neighborhood watchman George Zimmerman.
In August 2011, Sharpton took over the 6 p.m. slot from Keith Olbermann, who earned more than $4 million per year working in the same slot at the network. Sharpton also drew a $240,000 salary from his nonprofit group, National Action Network, in 2011 even as the group racked up nearly $1 million in unpaid federal payroll taxes, interest, and penalties.
NAN has dealt with major finance issues in the last few years. The nonprofit raised $3 million in 2010, and paid off its state back taxes in 2011, but still owed $883,000 in unpaid federal payroll taxes in December. The group also owed more than $200,000 in loans to one of Sharpton’s for-profit enterprises.
Maybe the IRS will get to revoke his passport.