Scanning the headlines, I came across a name I haven't seen in what seems quite a while: Al Sharpton. And maybe I'm not the only one who's forgotten that he exists, because according to Isabel Vincent and Melissa Klein of the The New York Post, he's got some financial troubles so the extortion business must be down.
According to documents obtained by the paper, Sharpton’s nonprofit paid him nearly $242,000 last year although it had $1.6 million in debt. And as far as his "empire" goes, including the National Action Network (NAN) and two for-profit companies, the entities were $5.3 million in the red.
But what I thought most interesting was where the debt arose from. Public records indicate that most of NAN’s money woes rest in more than $880,000 in unpaid federal payroll taxes, interest and penalties. More than another $100,000 is to settle two lawsuits, byproducts of the unpaid bills.
Aside from that, it still owes $206,252 in loans to Sharpton’s for-profit Bo-Spanky Consulting Inc. and Sharpton Media LLC.
Tax filings show that Sharpton himself drew a $241,732 salary and perks, including first-class or charter air travel. Yet he also owes the IRS $2.6 million in income tax, and nearly $900,000 in state tax.
His entity, Rev-Al Communications Inc., is defunct but still owes the state almost $176,000, and Bo-Spanky is $3,500 behind on state-tax liens. Sharpton has said he is on a repayment plan with state and federal-tax authorities
I mention him because he's another guy who has the answers to everybody's problems, and is the first to point fingers, make accusations , and slam anyone he can if he thinks there's something he can gain for himself. But when you take the screen away and see the real Reverend Al, you've got nothing but a fraud and failure ducking out from under his bills .
So perhaps the answer for him is to form some kind of joint venture with Donald Trump. They probably still won't make a quarter, but they'll likely produce an awful lot of worthless noise.
That's it for today folks.
Adios
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