Tarik Moody’s Post

A new book by Andrew W. Kahrl exposes how the U.S. unjustly took $600 billion from Black Americans through discriminatory taxes, leading to enduring economic disparities. "The Black Tax: 150 Years of Theft, Exploitation, and Dispossession in America" delves into systemic racism in tax policies that stripped Black landowners of their property and perpetuated poverty. Kahrl offers solutions like a federal fiscal equity program and universal home tax exemptions to rectify historical injustices and pave the way for a more equitable future. https://lnkd.in/gZ96u6EB

With this kind of evidence, how could the United States of America not provide a long term #reparations program for the descendants of former slaves? When the leaders of this country commit to doing the right thing, only then will this country be respected globally, and thrive. #book #newbook #racism #economicoppression #inequity #thieves #thievery #economicpolicies #policy #uspolicies #economics #economicterrorism #economiccorruption #corruption #unfairtaxes #taxes #money #blacks #blackpeople #africanamericans

A new book by Andrew W. Kahrl exposes how the U.S. unjustly took $600 billion from Black Americans through discriminatory taxes, leading to enduring economic disparities. "The Black Tax: 150 Years of Theft, Exploitation, and Dispossession in America" delves into systemic racism in tax policies that stripped Black landowners of their property and perpetuated poverty. Kahrl offers solutions like a federal fiscal equity program and universal home tax exemptions to rectify historical injustices and pave the way for a more equitable future. https://lnkd.in/gZ96u6EB

Educational opportunity and literacy equity are facilitated, or frustrated, by broad and complicated systems of public financing. Andrew Kahrl's work, _The Black Tax: 150 Years of Theft, Exploitation, and Dispossession in America_ presents a story to be reckoned with, and some thinking about how these systems can be improved toward the goals they ought to serve. Recommended reading. https://lnkd.in/g_z8m_9V

"Understanding what led us to this point means acknowledging the brutalization of Black Americans through slavery. This inhumane institution included the taxation of Black people as property. This was no minor issue. Slave taxes were a massive revenue source that paid for public investments that benefited white slaveholders and non-slaveholders alike. For example, these taxes financed the Louisiana Purchase which resulted in material and economic gain that built the foundation for the racial wealth gap we see today." "Slavery remains America’s greatest sin and the tax policy stemming from it undermined Black people’s attempts to climb out of poverty, build wealth, and become truly free. Lawmakers cannot undo the past, but they can surely learn from it. A key philosophy behind the American story is justice. Lawmakers must use that ethos for Black taxpayers in this latest section of the narrative. Juneteenth provides us with a chance to reflect on this history and begin writing a new chapter toward tax and racial justice." Please read Institute on Taxation and Economic Policy full Juneteenth piece from Brakeyshia R. Samms! https://lnkd.in/gypF-wG4

https://lnkd.in/gnQarzKJ Eye opening discussion on Black wealth killer. Homeownership for Black Americans works differently from whites. #racialwealthgap #studentdebt #taxreform #housinginequality #racialdisparities

Today, on #Juneteenth, we're honoring the holiday by “boosting awareness of how the Internal Revenue Code denies Black Americans tax fairness. Racial disparities in the tax code aren't new. Studies have consistently shown that Black taxpayers fare worse than their non-Black peers with similar incomes, marital status & family size. In many ways, the #TCJA is no different, writes Roosevelt Senior Fellow Beverly Moran in Bloomberg Tax. In her piece, Moran lays out the racial and economic equity stakes of the upcoming fight over expiring TCJA provisions: https://lnkd.in/giCsUNCD

The Black Tax: The Cost of Being Black in America - https://blacktaxed.com/ In this highly acclaimed book, Shawn Rochester shows how The Black Tax (which is the financial cost of conscious and unconscious anti-black discrimination), creates a massive financial burden on Black American households that dramatically reduces their ability to leave a substantial legacy for future generations. While Black Americans have long felt the devastating effects of anti-black discrimination, they have often had great difficulty articulating and substantiating both the existence and impact of that discrimination to an American public who is convinced that it no longer exists. Professionals in academia, the media, and the business community, along with people in the general public have struggled to explain the significant and persistent gaps (in wealth, employment, achievement and poverty) between Black and White communities in what they perceive to be a post racial America.In his new book The Black Tax: The Cost of being Black in America, Shawn Rochester shows how The Black Tax (which is the financial cost of conscious and unconscious anti-black discrimination), creates a massive financial burden on Black American households that dramatically reduces their ability to leave a substantial legacy for future generations. Mr. Rochester lays out an extraordinarily compelling case which documents the enormous financial cost of current and past anti-black discrimination on African American households. The Black Tax, provides the fact pattern, data and evidence to substantiate what African Americans have long experienced and tried to convey to an unbelieving American public.Backed by an exceptional amount of research, Mr. Rochester not only highlights the extraordinary cost of the discrimination that African Americans currently face, but also explores the massive cost of past discrimination to explain why after 400 years Black Americans own only about 2% of American wealth. He then establishes a framework that Black Americans and other concerned parties can use to eliminate this tax and help create the 6 million jobs and 1.4 million businesses that are missing from the Black community.The Black Tax takes the reader through a complete paradigm shift that causes the reader to evaluate all forms of spending and investment in terms of the number of jobs created or businesses developed within the Black community.The Black Tax is immensely informative, thoroughly engaging and makes one of the most compelling and effective cases to commercialize Black businesses since the founding of the Negro Business League in 1910. #BlackInAmerica #BlackTax #exploitation #dispossession #Black #AfricanAmericans #history #JimCrow #NewJimCrow #taxation #antiblack #discrimination #Racism #whitesupremacy

Have you ever experienced black tax? The internet defines black tax as money that Black workers, especially professionals and others with higher income, give to their parents, siblings, or other family members, often out of obligation or a deeply ingrained sense of familial responsibility. Black tax is a very integral part of our experiences, but how does it impact on our lives? Last week, I wrote about it in my newsletter, 20 Something, and tried to provide some solutions we can use when dealing with it. Read here: https://lnkd.in/dPFUBNtc #blacktax #articles

💡Black tax. It is not a formal or legal tax but rather a term used to describe the financial responsibilities and obligations placed on individuals who have succeeded in improving their socio-economic status, often through education, career advancement or any income earning profession or talent. The concept of black tax arises from the fact that many black individuals who achieve higher education or better job opportunities often become a primary source of financial support for their extended families and communities. They may feel a responsibility to provide financial assistance to family members who are less fortunate, struggling with poverty, or unable to access the same opportunities. The support can take various forms: 1. Fiscal assistance - Paying for medical expenses, family members education or other necessities. 2. Basic needs – Paying for housing, bills and food. 3. Social obligations – Covering cost of funerals, weddings, crowd-funding and other events. While the intention behind providing this support is often rooted in a sense of duty, love, and responsibility towards family, it can place a significant financial burden on the individual who is already dealing with personal financial commitments. ✨It is wise to separate emotional attachment to funds earned by an individual towards family, investments or any economic stride. One must ensure that his/her home is in order before going for making a fiscal decision towards anything or anyone. 🔄