Al Sharpton sells his life story rights for $531G — to his own charity
S E E D E D C O N T E N T
The Rev. Al Sharpton has found an eager buyer for the rights to his life story — his own charity.
The National Action Network agreed to pay the activist preacher $531,000 for his “life story rights for a 10-year period,” according to the non-profit’s latest tax filing, which was obtained by The Post.
NAN can apparently turn around and sell those rights to Hollywood or other takers at a profit, but neither the reverend nor the charity would identify what producers are waiting for such Sharpton content.
The document does not indicate when Sharpton, who is president of NAN, gets the cash, which is above and beyond the $244,661 he already pulled down in compensation from the group in 2017.
Nonprofit experts said the transaction could be troubling because NAN — whose mission includes criminal justice reform and police accountability — was doing business with its president.
If NAN paid too much it could run afoul of IRS rules regarding excess benefits given to a nonprofit’s key officials, which might put its tax-exempt status in jeopardy, Marcus Owens, a former IRS official and a partner with the Loeb & Loeb law firm in Washington, DC.
“When I see this kind of thing, it just makes me roll my eyes because there’s so much potential for funny business,” said Linda Sugin, a Fordham University Law School professor and associate dean.
The organization’s tax filing noted that the board’s unnamed “executive committee independently approved” the deal.
But Sugin questioned such how such independence was achieved.
“In this case, it’s really difficult because of his role in the organization and just because of his overall influence,” she said.
The nonprofit took in $6.3 million in revenue last year, up from $5.8 million the year before, according to its tax filings. Its years of outstanding taxes were paid off in 2014.
Sharpton, who hosts the “PoliticsNations” show on MSNBC, managed to pay off a chunk of his tax debt to the state and feds in the last year.
He paid $172,112 to the state, but still owes $736,375 in personal income tax and taxes for three of his companies to Albany.
City records show a $1.3 million tax lien to the IRS was satisfied in February, but records show he still has $2.5 million in outstanding federal liens against him and one of his companies.
NAN has maintained that Sharpton is paying taxes on an installment plan. The liens don’t reflect partial payments.
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This guy is a joke. He another of the despicable darlings of the left.
He is almost as corrupt as the Clintons...….almost.
Al must be envious of those prosperity gospel boys since they are raking in the dough by the millions. The top dog of this band of societal parasites (Ken Copeland) claims to be worth $1 billion.
And sadly people keep falling for this nonsense because they believe.
According to NPR, "Reverend" Al was ordained when he was 9-years-old but I've never seen him walking a Christian path. He's now 64 and has been a race pimp and media whore for most of his adult life. One would think that in 55 years he could have amassed at least several millions ... if not one billion ... like other religious radicals have done.
Are you making an argument that Sharpton has more personal integrity than the societal leaches pushing prosperity gospel or that Sharpton is less competent of a businessman?
I have no idea how you could have possibly come to any of those conclusions about what I stated in comment 5.1 .
Why would you even attempt to assume that I think that Sharpton has integrity when I clearly said that Sharpton is a race pimp and media whore and then mentioned other religious radicals.
My first exposure to thie hoaxster was when he hit the press as the protector of Tawana Brawley in Wappingers Falls (I was born and raised in Hyde Park, whihc is about 20 miles form Wappingers Falls). Turns out she was a liar, he knew she was a liar but kept pushing the story, which only gave him borader name value. He was named in and lost several lawsuits directly out of the Brawley crap fest, now the charity he controls buys the biography rights from their leader......sounds like he can now pay back his whole debt to the IRS and State Tax offices.
Nothing but a race-baiting dickwad.
I asked a question. That is the very opposite of assuming.
What is your answer? Incompetence or something else?
Note: having more integrity than the societal leeches does not mean Sharpton has integrity.
I'll not play a petty semantics game with you, TiG, except to say that although you asked me questions in comment 5.1.1 , you wrongly assumed that I was arguing with you. That comment indicated that you wished to turn my seed into a religious debate, and I will not allow that to happen. This seed is about Al Sharpton's NAN shady deals/possible continuation of tax evasion.
It is not a game Jasper, it is a question. Drop the presumption (and the ugly attitude).
I asked you a question. You presumed wrong.
WTF are you talking about? Get a grip.
I am nicely asking that you tone down what seems to be open hostility in your comments. I have answered your questions; however, it is not my fault that you do not like my answers.
Furthermore ... this seed is not about your perception of me, so please discuss the seeded topic and refrain from issuing orders. Thank you.
Not true. I quite seriously asked if you were arguing that Sharpton has more integrity than the societal leaches pushing prosperity gospel or if you were arguing that Sharpton is less competent of a businessman? You offered this and call it an 'answer':
Having more integrity than a societal leach is not saying Sharpton has integrity so clearly no assumption was made by me. Sharpton is going after a relatively low amount of money compared to the societal leaches (prosperity gospel). He could have refrained from the prosperity gospel game because his personal integrity is higher than the scum of the Earth (i.e. he is not as bad as the Ken Copelands of the world) or because he has not been sufficiently competent to pull it off.
Which is it? (That is a question of your opinion.) Is prosperity gospel so low that even Sharpton cannot stomach it or is Sharpton incompetent to make it work for him?
Question exactly in line with the topic and (at the time) I actually was interested in what you had to say.
I have got to admit this sounds positively Trumpian plus he and Trump are friends.
I'm sure you have a current, fact-based source that supports your claim. Please make sure your citation is accurate, because I already researched your claim.
Only somebody with a full blown case of TDS could find any similarities between Trump and Sharpton.
I'm still waiting for evidence that Trump and Sharpton are friends.
Here is one. They both use their charities for themselves.
How does your comment prove JBB's assertion that Trump and Sharpton are friends (see comment 6 ) ?
Sharpton and that other trash the Clintons?
It'll be a miracle if Sharpton pays any taxes on it too.