Is Rev. Al Sharpton Swimming in Debt?
Black Like Moi reports.
The New York Post is reporting that Rev. Al Sharpton is deep in debt. According to public records, Sharpton’s non-profit organization, The National Action Network, paid him $242,000, even as it stands on $1.6 million in debt. Public records also show, according to the Post, that Sharpton and his organization have a combined debt level of $5.3 million.
The post is also reporting that Sharpton has $880,000 in unpaid federal payroll taxes, interest and penalties. Additionally, NAN was forced to pay $100,000 to settle two lawsuits related to unpaid bills. Sharpton also allegedly owes $2.6 million in income tax and nearly $900,000 in state taxes.
Sharpton and his team say that payment plans have been worked out with the federal government.
The New York Post, a conservative newspaper, has a few credibility problems when it comes to Sharpton. The company is owned by Rupert Murdoch, the man who also owns Fox News. Murdoch’s news organization, News of the World (in Britain), was accused of hacking phones and engaging in other unethical behavior to obtain news stories. Some speculate that they have a vendetta against Al Sharpton, particularly as the 2012 elections approach.