N.Y. Post: Sharpton, Businesses Owe $4.7 Million in Tax Debt

Nina Schutzman, Poughkeepsie Journal, August 3, 2014

The Rev. Al Sharpton, along with his nonprofit National Action Network and two for-profit firms, have $4.7 million in outstanding debt and liens, according to federal and state tax records, the New York Post reported on Sunday.

Among the debts include $806,875 that Sharpton owes the state, along with $2.6 million in federal liens against him for unpaid personal income taxes, the Post stated.

Recent filings showed the National Action Network owed $813,576 to the federal government at the end of 2012, and his company Rev-Al Communications owes $447,826 to the state, while the Bo-Spanky Consulting firm has $18.21 in outstanding debt, according to the Post.

Sharpton told the Post he’s paying down the debts according to negotiated agreements.

“It’s significantly less. It’s nowhere near the millions of dollars. We have totally lived up to our agreement with them,” Sharpton the Post. “It’s being paid down.”

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Over the years, Sharpton endured tax evasion charges; disclosures of his work as an FBI informant; and allegations that his rhetoric about “white interlopers” incited an arson attack on a white-owned Harlem business that left eight people dead, according to Poughkeepsie Journal archives.

The Post reported that Sharpton’s recent Federal Election Commission filing shows an outstanding balance of $208,000 with the Federal Election Commission for improperly taking campaign money and government matching funds during his 2004 presidential bid.

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