MORE MONEY, MORE PROBLEMS
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.