Friday, May 09, 2008

Slim Shady Sharpton Still Owes Back Taxes

Once again, Al Sharpton shows that he's not willing to play by the rules and pay taxes like everyone else. This time, it's to the tune of more than $1.5 million:
Government records obtained by The Associated Press indicate that Sharpton and his business entities owe nearly $1.5 million in overdue taxes and associated penalties.

Now the U.S. attorney is investigating his nonprofit group, a probe that an undeterred Sharpton brushes off as the kind of annoyance that civil rights figures have come to expect from the government.

"Whatever retaliation they do on me, we never stop," he told the AP. "I think that that is why they try to intimidate us."

Over the past year, Sharpton's lawyers and the staff of his nonprofit group, the National Action Network, have been negotiating with the federal government over the size of his debt, which they dispute. The group has also been trying to pay off tens of thousands of dollars it owes for failing to properly maintain workers compensation and unemployment insurance.

Charlie King, the organization's interim executive director, said both Sharpton and the group he leads were unprepared for their rise in stature in recent years and had trouble dealing with big jumps in donations and income.

"The infrastructure was trying to keep up with that pace, and it was not a perfect fit," he told the AP on Friday. "The National Action Network may not have been perfect, but nothing was going on that was untoward."

He said the organization has new accountants and a new administrative team, and the group recently finally filed long-overdue tax returns.

Sharpton's own debts include $365,558 owed in New York City income tax and $931,397 in unpaid federal income tax, according to a lien filed by the Internal Revenue Service last spring. His for-profit company, Rev. Al Communications, owes the state another $175,962 in delinquent taxes.

As for Sharpton's personal tax debt, King said Sharpton has started paying it off but contends that faulty record-keeping by the National Action Network led the government to overestimate his tax liability.

Tax headaches are nothing new for Sharpton. The 53-year-old minister has been assailed over his career for running up big tax debts and failing to abide by rules governing his charities and election committees. He is perpetually being sued for failing to pay his bills.
He and his cronies are brushing it off as nothing more than the Man trying to keep him down, and that he and his organization were unprepared for the growth in donations to his group. Rubbish. Record keeping is straight forward.

He's known that he's had to repay state and federal taxes, and done nothing to repay both.

He's made it a habit to flout the rules and not pay taxes. And yet, he's managed to avoid serious convictions. That explains his nonchalance over the latest investigation, but overconfidence may end up working against him.

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