Georgia 2018: Abrams Owes more than $50K to IRS Democratic Candidate For Governor

AJC ^ | 03/14/18 | Greg Bluestein

[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.

[Chode]

why wasn't this shouted from the rooftops two weeks ago???