Posted on 11/05/2018 6:34:19 AM PST by Enlightened1
Says She Worked Out Payment Plan With Feds
Democrat Stacey Abrams owes more than $50,000 to the Internal Revenue Service and about $170,000 more in credit card and student loan debt, according to personal financial disclosure documents the candidate for governor released this week.
The documents show Abrams, a former House minority leader, has a net worth of about $110,000 that includes a recent $150,000 advance for an upcoming book on leadership.
The campaign said in a statement that Abrams deferred her tax payments in 2015 and 2016 because she was helping to pay her family’s expenses and that she is on a payment plan with the IRS for the $54,000 she owes.
Abrams spokeswoman Priyanka Mantha said the candidate “has faced financial challenges while working to support her family” and that the experience will help her inform her decisions in the state’s highest office.
Abrams has highlighted the string of small businesses she’s started in her race to succeed a term-limited Gov. Nathan Deal. She’s also come under scrutiny for drawing a $177,000 salary in 2014 for her role as a part-time chief executive for the voter-registration project she started.
Most of the roughly $520,000 in assets she reported, though, were tied up in her Atlanta townhouse and her book advance. She had about $11,000 in cash and bank accounts.
Beyond her mortgage and the IRS debt, Abrams’ liabilities include $96,000 owed for student loans during her time at Yale Law School and about $76,000 in additional credit card debt.
(Excerpt) Read more at politics.myajc.com ...
Wow Stacy cannot manage her own budget, but she believes she can manage a State's budget?
Between this, the gun grabbing, raise taxes, taking down Stone Mountain, etc...
I would be surprised if Georgia elects her. The State of Georgia economy is booming. If she gets in, then expect a slow down.
I can “defer” paying my income tax for 3 years with no consequence? I never knew.
$177k for a part time gig, for some made up voter registration thingy?
Nothing but a scam for someone to funnel her money. WHO PAID THE TAB!!!!!
Oh and in the link below Stacet actually blames her debt on racism and the gender wage gap.
As a black woman she averages about 150k a year. But she doesn’t have enough left to pay off school loans, taxes, or credit cards.
http://fortune.com/2018/04/24/stacey-abrams-debt-georgia-governor/
$50,000 to the Internal Revenue Service and about $170,000 more in credit card and student loan debt.
If she got elected, that $220,000 would disappear in a hurry. She’s take dirty money as fast as Andrew Gillum does in Florida. And no one would go after them because they’re black.
The Democrat Party is a Criminal Enterprise.
I’m shocked someone hasn’t just given her the money already so the issue goes away during the campaign. She could say, paid the debt.
But you are right, if she wins, the debt disappears fast. In fact a GoFundMe account would raise 1M+ so she could have extra money to take a vacation.
First I’ve heard of Yale Law School...
guess Abrams didn’t finish or flunked out.
Abrams was never going to win. Sandblasting Stone Mountain and banning AR’s are not winning issues in GA. GA is a Republican state. Kemp will be the next Gover.
I bet all her debt has or will be paid off by the DNC and or Pelosi, Okra, obammie and the Hollywood trash.
Surprised the ajc published this.
She went to Yale yet she can’t pay her taxes?
She is probably expecting to find some slush funds and dip into them. What a plan!
Oprah could pay it all off for her.
Really Orpah (real name) this is the best you could find? Even you know how to manage your own money.
I can “defer” paying my income tax for 3 years with no consequence? I never knew.
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This is good information. My son and wife have cancer so I am taking care of them. So I can just blow off my taxes now??? Cool.
Is it because one can't criticize them for their criminality or total incompetence simply because they are a preferred minority (black)?
This Political Correctness is what got us 8 disastrous years of Barack Obama in the first place!
They know she is finished, so now they want to appear fair
I have worked in financial services industry for my entire career. Someone with these financial problems would be unlikely to be able to get a job as even a bank teller, due to the risks posed by her debt and the temptation of handling money.
I have to believe that there would be many ways to motivate a governor, using cash under the table.
Sounds like a situation ripe for extensive corruption.
I guess it is just as well that she is not writing a book on financial management.
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