Yes, 'Black Tax' Is a Real Thing, And It's Even Worse Than You Can Imagine [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
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Source: Yahoo! Finance
In his new book , “The Black Tax: 150 Years of Theft Exploitation, And Dispossession In America,” Historian Andrew W. Kahrl reveals the myriad of ways that the tax system screws over Black Americans. And trust us, you're going to want to hear about it. Kahrl explains that as a result of a series of housing and tax policy decisions, Black Americans end up paying inflated property tax rates. And he isn't pulling this out of nowhere. In 2020, a working paper by economists Troup Howard of the University of Utah and Carlos Avenancio-León of Indiana University found that Black families consistently paid higher property taxes than similarly situated white families. According to the paper, property tax assessment of homes owned by Black people were consistently higher, relative to the final sale price, than homes owned by white families. In his book , Kahrl notes that not only do Black families pay more than their share of property taxes, they also receive fewer services. He argu
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