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May 10, 2008
Records show Sharpton owes overdue taxes, other penalties
AP
DAVID B. CARUSO
Big corporations give him money. Presidential candidates seek his endorsement. He has influential friends in Congress and the governor's mansion.
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But he still carries baggage from his early days as a fire-breathing agitator: Government records obtained by The Associated Press indicate that Sharpton and his business entities owe nearly $1.5 million in overdue taxes and associated penalties.
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Since the late 1990s, his civil rights group has grown from a small outfit, with a few hundred thousand dollars in annual revenue, to an organization that now routinely takes in $1 million to $2 million per year, thanks partly to corporate support.Donors have included beer giant Anheuser-Busch, which gave more than $100,000 last year, and Forest City Ratner, a real estate development company that courted black leaders for support of a plan to build an NBA arena in Brooklyn.
Posted by amy at May 10, 2008 12:59 PM