Sharpton get 1million in pay still owes 4million to IRS!

The Rev. Al Sharpton was paid over $1 million by his own charity, the National Action Network, in 2018, according to a Saturday report from the New York Post.

Sharpton received $1,046,948 from NAN, the organization’s tax filings revealed.

That windfall broke down into three categories.

Nearly a third of the sum — $324,000 — went to Sharpton’s “salary.”

Another $159,596 constituted the activist’s preacher’s “bonus.”

The rest of the money — well over half a million dollars — was categorized as “other compensation.”

Sharpton is NAN’s president and CEO. According to the organization, the extra sum accounted for a period between 2004 and 2017 during which Sharpton did not receive his full pay.

NAN cited an executive compensation firm that concluded Sharpton deserved $1,252,000 in return for the years-long gap in payment.

The organization said in a statement that Sharpton and the NAN board agreed that “he has now been fully compensated for all the years he was underpaid and received no bonus,” the Post reported.

Sharpton defended the payout at a recent rally.

“It’s a six-day-a-week job and several hours a day and when [the compensation firm] compared it to other companies, other nonprofits, that’s the salary that they would get,” he said, according to the Post.

While Sharpton received no salary in 2008, he has been well-compensated in recent years.

In no year since 2008 has Sharpton been paid less than $250,000, the Post reported.

The paper’s revelations are not the first instance of Sharpton’s earnings making headlines.

In 2018, the preacher sold the rights to his life story to NAN for $531,000, the Post reported.

Sharpton claimed at the time that the organization could simply turn around and sell the rights at a profit.

Read the rest at: Sharpton’s Taxes

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