A community of 30,000 US Transcriptionist serving Medical Transcription Industry

Rev Sharpton


Posted: Apr 18, 2012

Fair is fair.  Come on, Rev. Al, pay your fair share!  Occupy Rev. Al Sharpton!

 

http://freebeacon.com/more-money-more-problems/

More Money, More Problems

MSNBC host Al Sharpton’s 2004 campaign owes nearly $1 million to creditors and federal government, records show

BY: - April 18, 2012 12:41 pm

MSNBC’s Al Sharpton is reeling in debt and back taxes.

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.

Sharpton, who has endorsed President Barack Obama’s calls for taxing the rich, has his own tax issues. He owed the IRS $2.6 million in income taxes in December 2011, as well as almost $900,000 in New York state taxes.

Sharpton financed his presidential run, in part, by borrowing large sums of money from his struggling nonprofit.

Sharpton borrowed more than $181,000 from NAN—money that is now supposed to be refunded. Sharpton also loaned $145,000 to the campaign to finance a fundraising push.

His largest creditor is the federal government; the campaign owes the Federal Elections Commission and the U.S. Treasury Department more than $225,000.

Sharpton could not capitalize on his national reputation as a rabble-rouser in the 2004 Democratic primary, losing out to Sen. John Kerry (D., Mass.). But he did make waves in the race, slamming then-frontrunner Howard Dean for not having enough minorities on his campaign—a charge that has also dogged the Obama campaign—during an Iowa debate.

Sharpton skipped out on debts big and small. In addition to the six figure sums he borrowed from his nonprofit and leveraged from campaign consultants, he has not paid a $0.33 charge to a group called Xpedite, as well as a $2.50 ATM fee to Amalgamated Bank.

Sharpton’s presidential committee owed more than $900,000 to creditors late in 2011, according to Politico, after paying down the $208,000 in civil penalties the campaign owed the FEC for “failing to report accurately all receipts and expenditures, receiving excessive and prohibited in-kind contributions and accepting impermissible corporate contributions,” according to the FEC. The campaign has established a payment schedule to address the fines for campaign violations and other federal charges, according to the FEC.

“Now that the civil penalties have been satisfied, the campaign is contacting vendors to construct a debt resolution plan that must be submitted to the FEC for approval,” spokeswoman Rachel Noerdlinger told Politico in November. “While Rev. Sharpton, as candidate, helped to raise the money to resolve the civil penalties, the additional debt will be reviewed by the campaign and remedied in accordance to FEC’s rules and regulations.”

Calls to Sharpton’s creditors have not been returned.

 

;

Who cares? He is not a candidate. - nm

[ In Reply To ..]
.

That was my reaction also - mbmt

[ In Reply To ..]
nm.

Then why chastise every other millionaire - not a candidate ??

[ In Reply To ..]
Double standard rampant AGAIN!
Olympic star - owes taxes too!
[ In Reply To ..]
Olympic star Lindsey Vonn also owes 1.7 million in taxes. WHO CARES?

And no one is chastising millionaires. We just think they should be paying a wee bit more in taxes than the disappearing middle class who is struggling to make ends meet.
Exactly! - nm
[ In Reply To ..]
.
Can't prove by what is written on this board - Why no outrage over the millions OBAMA WHITE HOUSE
[ In Reply To ..]
Any rich Republican or conservative is villified on this board. Try reading down the posts. Not all those people are running for an office, but that did not stop the onslaught of lib manufactured outrage, yet Tax-Cheat Geithner who was actually GIVEN the money to pay his taxes and still didn't; he pocketed it..not a peep from the libs. What about the millions outstanding just from the White House staff and cabinet members. What makes them so "special" they don't have to pay taxes...cause they're in the BO regime?
ALL people should pay their fair share of - taxes no matter the party. nm
[ In Reply To ..]
.
Agree - Conservative
[ In Reply To ..]
No matter what someone does for a living, no matter what someone makes, whatever they are legally required to pay should be ponied up. If someone does not like the tax structure, then petition your congressman for reform; that is a whole different issue though. I do think it is very deceiptful of those always saying that Buffett only paid 15% (only capital gains rate; not the percentage he paid on the original income when he first made the money. All total, the tax rate was approximately 45% total, huge difference). If any of us just "forgot" to pay our taxes, we would never get by the IRS without paying interest, penalties and who knows what other fees.
Not true. The 15% tax was only on the profits earned not... - sm
[ In Reply To ..]
on the original investment of money which he had already paid taxes on. All his income was gains from investments and he was only taxed 15% on those gains.
I think what Conservative was trying to say... - Zville MT
[ In Reply To ..]
and I may be wrong, but he had to make the money first, which he would have been taxed on at somewhere around 30% or so, depending on how much it was. He then made the investment of that money and is now being paid by the profits of those investments, which is being taxed at 15%,
Thanks ZVille-that is what I explained again in my post below - Conservative
[ In Reply To ..]
x
Correct. But he is not paying taxes on the money - sm
[ In Reply To ..]
he orignally invested that he had already paid taxes on, just 15% on the the gains/interest. So that equates to say 30% x 1 on the earnings that were the original investment and then 15% every year only on the gains, or not, for that year making his tax debt 15% yearly on his earnings.
Why should anyone, including all of us - Conservative
[ In Reply To ..]
Continue to pay tax on money we already paid tax on? This makes no sense. Just to simplify it. If you put $1000 in a savings account that you already paid tax on, why should you have to pay any additional tax on the $1000? If you had to pay interest at a reduced rate on what the account actually earned, over and above the initial $1000, that makes sense. Why should it be any different for anyone else?

Buffett also, most likely will have to pay approximately 50% (his heirs will) on money that he has already been taxed on twice.
That is exactly the way it is. You have already paid - sm
[ In Reply To ..]
taxes on the original $1000 and will NOT be taxed on it again, only being taxed on the gains over and above the $1000.
You can't explain simple math to a conservative - Math challenged syndrome
[ In Reply To ..]
This why they are so easily convinced that by giving the rich tax breaks it somehow makes the poor richer.
This is just one example of how people cling.. - sm
[ In Reply To ..]
to their comfortable misbeliefs, staunchly believing that the "poor" rich people were being unfairly taxed on their principle every year. It is interesting that most times when facts are presented with verification contradicting a republican claim, those posts go unanswered.
This is just one example of how people cling.. - - to attempts to insult those with different POV
[ In Reply To ..]
x
You can't explain anything to a liberal - Unable to comprehend anything simple syndrome
[ In Reply To ..]
hehehohohaha Bwhahahahahah
You are misrepresenting what I posted - Conservative
[ In Reply To ..]
The 15% tax rate is the capital tax rate for capital gains made on investments.

Buffet, when he had received income initially, paid a much higher tax rate; approximately 25 to 30% tax on his income. After investing the money, which Buffett already paid tax on at 25 to 30%, he paid an additional tax of 15% on the capital gains that initial income reaped him.
No, I think we agree. That said, why should....sm - sm
[ In Reply To ..]
a millionaire not pay the normal rate on income just because it is capital gains? Maybe this is where we disagree?
If they are legally paying - Conservative
[ In Reply To ..]
what is stipulated by the tax code and laws, I have no problem with that. I am not one of those that begrudges anyone what they have; and I am certainly not saying that you do. However, if someone is paying all of what they owe legally, I see no problem with the capital tax rate of 15%. It has been documented for decades, when that tax goes up, investments go down, money tightens, and jobs are eliminated. These investments fund a lot of growth in many income sectors. Not sure if you are into the research aspect or not, but if so, check out what the taxes rates were between late early 1900s and into 1950s. There are some great graphs available that explain the detriment of taxing the capital gains at high rates and the way it affects everyone, not just the ones paying it. It has also shown that higher capital gains tax rates, significantly decreases what the Treasury takes in because the investors stop investing, causing another set of problems economically.
The highest tax rate on the wealthy was in the - sm
[ In Reply To ..]
40s through the early 60s, the beginning of a time of great growth and prosperity. FDR was responsible for putting our country back on its feet after the great depression and WWII, promising a chicken in every pot to people who were literally starving. He did that by taxing the weathiest Americans and investing in America's infrastructure, putting veterans back to work and sending them to school on the GI Bill. It was the first time in our country's history that a president stood up for the poor, encouraging them to move into the middle class. The second time was in the 60s when the Civil Rights Bill and SS/Medicare were passed. Since then, nadda, only the rich profiting from the middle class and pushing them back down into the poverty level.
Highest tax rate - Conservative
[ In Reply To ..]
I do not agree with all you stated here; so, I guess we will have to agree to disagree. My prior post covered a lot of points I thought you might be interested in. Obviously, this board is not large enough to go into great detail about all of the intricacies with the economy. I am not a big fan of FDR for many reasons, but there is room for everyone. :)
paying capital gains is not being taxed twice - you know that, right?
[ In Reply To ..]
30% on principal plus 15% capital gains does not equal - 45% total
[ In Reply To ..]
scary
that's right...the Obama regime strikes again (!) - can you give us a break?
[ In Reply To ..]
Sure, as soon as Obama Lovers wake up - which is probably NEVER
[ In Reply To ..]
:)

Just another example of - Trigger Happy

[ In Reply To ..]
a democrat who says the rich should pay their "fair share" in taxes when he hasn't paid his own. Just another example of hypocrisy on the left. Not really surprising...although it is rather pathetic. Of course...those on the left will ignore this like it isn't news.

Similar Messages:


Al Sharpton Said It Best....Mar 22, 2010
Al Sharpton: "The American Public Overwhelmingly Voted for Socialism When They Elected President Obama" ...

What's Up With Al Sharpton?Apr 09, 2014
Holy Cow! Where was I in the '80s? I don't remember him being a snitch or a rat for the FBI, or an informant, or a drug dealer? How that did get swept under the rug? ...

Al SharptonSep 05, 2014
ROFLMBO!!!!!!!!!!!! ...

Sharpton's ThreatMar 30, 2012
I'm now convinced that Sharpton is a race-baiter who is inciting violence.  This is a definately a scary guy.  Why aren't the leaders in this country trying to calm this down?  And they said the Tea Party was violent and scary (I believe Biden called them terrorists)??    Al Sharpton: Civil disobedience will escalate if Zimmerman remains free If George Zimmerman is not arrested in the shooting death of Trayvon Martin soon, theRev. Al Sharpton will call for a ...

Sharpton Says You Want SocialismMar 22, 2010
FINALLY SOMEONE tells it like it is.  B.O. is a flaming socialist, and Sharpton goes on to say that THAT is why Americans overwhelmingly elected hiim -- because YOU WANTED socialism.  EVERYONE warned that this guy was a socialist (Fabian style if you ask me, but that's debatable).  All one had to do was look at his voting record (available online) and his "comrades" all around him.  Or stop a second and LISTEN to what the clown was saying.  But no, libs, moderates, ...

We Will Soon See A Much Leaner Al Sharpton (sm)Apr 15, 2015
He's staging a hunger strike until Loretta Lynch is confirmed.  OMG, I'm dying laughing here.  This is the funniest thing I've heard all week.   ...

Looks Like Al Sharpton Has A New BuddyApr 25, 2015
Is he laying low because of the tax controversy and people getting wise to his race baiting? The new agitator is Malik Shabazz. He's heading up the Baltimore protests. When are people going to get some smarts and realize that these guys are just inciting for the purpose of keeping hate alive ? Those protesters dont' realize who Shabazz is and if they did, would they still act like animals? Shabazz is now head of a racist group, the "Black Lawyers for Justice," but he is better kno ...

Al Sharpton Is A Huge Fraud. (sm)Oct 13, 2014
You can't even call him Reverend with a straight face.  He is a criminal, plain and simple.   Link ...

Al Sharpton Is Obama’s Whipping BoyJan 01, 2015
As more and more racially-motivated attacks against police and private citizens are occurring as a result of the recent and unfortunate deaths of two black men at the hands of police, the blame for all of this racial division needs to be squarely placed on the laps of President Obama and race-baiters like Rev. Al Sharpton. Let’s be very clear. This so-called “man of God” Rev. Al Sharpton is nothing more than President Obama’s whipping boy, who does the president’ ...

Buh-bye Bryan. Maybe Al Sharpton Can Take Your Place.Feb 07, 2015
...

Al Sharpton Wants To Help Search For Holder's ReplacementSep 26, 2014
I can't think of a more qualified person to help in the search for a fair-minded attorney general...ROFL... ...

Rev. Al Sharpton Owes Millions In TaxesNov 18, 2014
An investigation by The New York Times found that Rev. Al Sharpton owes more than $4.5 million in current state and federal taxes. The figure includes taxes from Sharpton's personal income as well as from his for-profit company, Raw Talent and Revals Communications. Sharpton apparently owes more than $3 million in personal federal tax liens and $777,657 in state tax liens. Raw Talent and Revals Communications, meanwhile, owe another $717,329 in state and federal tax liens. ...

Did A Little Research This Morning. Love That Sharpton Guy! (long)Jul 14, 2013
Tawanna Brawley. Remember her case?    http://www.youtube.com/watch?v=T78DwdFUq0c   Note at around 6:50 where Sharpton called the investigators ‘crackers’ (they’re white). This shows his racism. The sad part is the suicide by the accused young policeman because of the horrendous race baiting/hating Sharpton and his colleagues.   If you think I’m showing only one side, see the below link (not a video, but just a story):   http://www.ebony ...

Black Women Let Fly On Sharpton, Jackson, BLM, ObamaJul 11, 2016
One gets down on black Christians who get tangled up with BLM.  She talks about reverse racism in the black community, the failures of Obama, Sharpton, etc.  See link below.  She says something to the effect of "What have they (liberals) done for you?  Let's put it to the test.  Get in your car and drive around the black community....what do you see, hmmm?  I was in the hood last week and it looked like death.  But you keep voting for them.  Insanity ...

Finneran: On Sharpton, Kareem, And Uncle TomsJan 02, 2015
Friday, January 02, 2015 Tom Finneran, GoLocalProv MINDSETTER™ Writing about race relations in America became decidedly more difficult in August. The nation which elected its first black president more than six years ago and which reelected him quite comfortably two years ago seems to have slipped a substantial racial gear or two since August 9th. It was on that date that Ferguson Missouri police officer Darren Wilson shot and killed Michael Brown an unarmed black teenager, triggering a ...

Fires Destroy Sharpton's Financial Records, Twice!Mar 11, 2015
How convenient. ...

Sanders Kissing Racist Sharpton's Feet....Feb 10, 2016
x ...

Sharpton Passes Threatening Collection Bucket At RallyApr 02, 2012
I must have missed the part where he called for the escalation of violence and denounced all the white supporters who showed up at the rally and march.    It’s been an eventful weekend for the Trayvon Martin case.  Two independent voice analyses found the voice calling for help on the 911 tapes was not that of George Zimmerman.  Fire Department records show the call for a second ambulance for GZ was cancelled, casting further doubt on his claim to have sustained l ...

Comcast And Al Sharpton Hit With $20 Billion Racial Discrimination LawsuitFeb 23, 2015
http://closedpress.com/comcast-and-al-sharpton-hit-with-$20-billion-racial-discrimination-lawsuit/ ...

Sharpton Calls For Black Churches To Lobby On Iran DealAug 19, 2015
BO's buddy, Charlatan, is at it again. I guess desperate times call for desperate measures. ...