JOURNAL ARTICLE

How the US Tax System Stole $600 Billion From Black Americans.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Butler, Kelsey 3 of 3

Abstract

The article discusses how the US tax system has contributed to the racial wealth gap and economic inequality experienced by Black Americans. It highlights historical examples, such as the seizure of the town of Edmonson, Arkansas, through unfair taxes, and the overvaluation of Black-owned property for tax purposes. The article also mentions the long-term impact of these policies, including the loss of 11 million acres of land by Black people and the overtaxation of Black Americans by more than $275 billion. It concludes by proposing solutions, such as a federal fiscal equity program and taxing the wealthiest individuals. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/04, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2024
  • Accession Number:176807146
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