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Al Sharpton Had Past Tax Bill Cut In Half

From the New York Post:

(Click to enlarge)

REV. AL’S HALF-PRICE DEAL ON $1.8M TAXES

March 28, 2009

The Rev. Al Sharpton owed at least $1.8 million in back taxes before striking a sweetheart deal with the feds last summer that chopped the bill almost in half and kept him out of the slammer, The Post has learned.

A series of federal liens — the most recent of which was filed earlier this month — provide a window into the massive tax debts the firebrand activist incurred since 2002 as he remade himself into a millionaire media personality, newly released documents show.

Treasury Department officers say Sharpton owed $351,798 from 2007, according to a document filed March 3 with the New York County Register Office.

This unpaid balance — a potential mix of back taxes and penalties — comes on top of a federal lien filed last Nov. 13 for $1,367,521 covering tax years 2005 and 2006.

All the liens are filed as "1040" or personal income tax and listed his address as 680 Madison Ave. — the uber-swanky Helmsley Carlton House where Sharpton resides.

Last July, Sharpton cut a deal with federal prosecutors in Brooklyn to end a longstanding criminal probe of his finances that reportedly encompassed his personal fortune, his quixotic 2004 presidential campaign spending and the National Action Network, his advocacy group.

Sharpton said he’d personally pay back $1 million, including $500,000 upfront, as part of the settlement. But, the liens show his debts ran much deeper…

So far, only two additional liens worth $90,753 were released since the settlement, records show. IRS protocol allows tax debtors to immediately remove paid debts from their record by calling a toll-free 800 number.

Liens, which are a claim on property to cover a debt, are the last step the IRS will take before seizing a debtor’s assets.

Sharpton also was hit with a $19,914 lien filed on Dec. 31, 2008, from unpaid taxes in 1996.

Meanwhile, Sharpton also owes the New York State Department of Taxation and Finance, which was not part of the July settlement, $884,669, according to two liens covering years 2002 through 2006…

Sharpton reportedly earns $750,000 a year hosting a syndicated radio talk show. He also collects anywhere from $15,000 to $20,000 per lecture and $2,000 per church sermon. On top of that, Sharpton does "consulting" work for corporations.

And mind you, he’s not even an Obama cabinet nominee.

At least not yet.

Sharpton does "consulting" work for corporations.

Also known as “shakedowns.” (Which is where his real money comes from.)

So why does this notorious race baiter and thug get special favors?

This article was posted by Steve Gilbert on Saturday, March 28th, 2009. Comments are currently closed.

13 Responses to “Al Sharpton Had Past Tax Bill Cut In Half”

  1. So why does this notorious race baiter get special favors?

    Because corporations are run too often by weak-knee’d cowards more concerned doing what’s profitable than what’s right. They cave in to knuckle-dragging bullies like Al Sharpton and Jesse Jackson because they aren’t bothered by what it all means for America–they can’t see past the end of this fiscal quarter.

    • pdsand

      Exactly, there’s no particular reason for Sharpton to get special favors, but think of the source of his millions in shakedown money. Surely those luminaries and titans of industry get more than a few favors.

    • Reality Bytes

      Goin out on a limb here…CAUSE WHITE FOLKS ARE SCARED OF BLACK PEOPLE?!!!

      Just take a look at the white press pool during the last presidential “press conference.”

      And Emanual knows it too by the way.

  2. Members of Congress should have their income over the amount of their Congressional salary or their income at the time they took office (whichever is greater) taxed at 90%. A side effect of this would probably be to limit the number of terms one serves or attract people who aren’t in it for the money.

  3. wardmama4

    Treasury Department officers say Sharpton owed $351,798 from 2007, according to a document filed March 3 with the New York County Register Office.

    This unpaid balance — a potential mix of back taxes and penalties — comes on top of a federal lien filed last Nov. 13 for $1,367,521 covering tax years 2005 and 2006

    Excuse me – forget all the other stuff from this article – but I can not even get my head around how much Al Shyster had to have made to owe those kinds of taxes! Race baiting appears to be a very lucretive career.

    • proreason

      Jesse Jackson is reputed to be worth over $100 million dollars.

      Go figger.

    • TwilightZoned

      Seems to me a shakedown was how ‘ol Jesse’s son gained a beer distributorship in the Chicago area.

  4. canary

    maybe Sharpton got deal after filing discrimination suit, that Obama’s whitie picks got favortism and jobs for not paying their taxes, or recieved advice from Wesley Snipes attornies.
    Sharpton should not have dogged oOllabma during elections, because the after Obama’s election timing, the feds went after unpaid taxes in 96.
    Now that’s a brother dissing another brother. And to think Sharpton ran for pres in 2004 with unpaid taxes. lol. Acorn won’t be helping him.

  5. TwilightZoned

    “So why does this notorious race baiter and thug get special favors?”

    Rhetorical, I know. But let’s just get it out into the open…it’s because of his color. It goes back to Alinsky’s rules: “Pick the target, freeze it, personalize it and polarize it.” (Trent Lott comes to mind.) OR “The enemy properly goaded and guided in his reaction will be your major strength.”
    (Dems always label conservatives as racists.)

    • TwilightZoned

      These reasons are why no one is willing go after what everyone knows is nothing but corruption; the fear of being labeled something that doesn’t apply. No one is willing to show some back bone and say is pure nonsense. The far left loves to stir the race pot knowing it will get a reaction. How can you reason with minds who’s mode of operandi is emotion?

    • proreason

      “the fear of being labeled something that doesn’t apply.”

      It’s more than that TZ.

      These people will come and destroy your property and your business and put your family in danger.

      If it was just fear of being labeled, they wouldn’t get anywhere.

  6. Liberals Demise

    Not to worry…..once he pulls the race card on the IRS, they will bow down and bend over. He be keepins his monies!!




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