https://www.bloomberg.com/news/features/2021-03-10/america-s-tax-code-leaves-black-people-behind-dorothy-brown

MookieBlaylock said:

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Thanks for the summary
I love to click on random links

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I will give you a summary. "98% of all statistics are made up."

Without having read the article, I can just imagine what would happen if our government tried something to make the tax code more conducive to "black wealth".

It would either:
1) be blatantly racist by making tax rates or tax codes differ by ethnicity, or
2) make blatantly racist assumptions about the expected actions and motivations of "people of color", will have very negative unintended consequences and ultimately be blamed for making things worse for "people of color".

changes will be made in the code with more social engineering attempts, more negative unintended consequences, rinse and repeat.

MouthBQ98 said:

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BTHOB-98 said:

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https://www.bloomberg.com/news/features/2021-03-10/america-s-tax-code-leaves-black-people-behind-dorothy-brown

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The tax code is race neutral. It simply doesn't care. It is not behavior neutral.

If the author is implying race somehow dictates behavior, well, isn't that a pretty fundamentally racist assertion? Aren't those stereotypes the core of racism?

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No. Power is the core of racism.

At least according to the left.

Why is the selection category race? Considering it is not a self controllable factor, it's a **** category to use for assessing relative success in human populations. It should have a theoretically pretty comparable distribution of any trait within that population when compared to other races, in general terms. The differences would be cultural/behavioral traditions and standards in self selecting groupings.

Fore Left! said:

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Are we talking about the US tax code where the majority of black folks pay no income tax and get $$$ from other actual payers via credits? That tax code is racist?

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Boom goes the dynamite.

Fore Left! said:

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Are we talking about the US tax code where the majority of black folks pay no income tax and get $$$ from other actual payers via credits? That tax code is racist?

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Yep. Paying little to no taxes is not enough...not getting enough from the government is racist.

They want a tax code based on race

If you haven't figured it out, anything that isn't exactly what they want, be it reparations, socialism, guaranteed income, etc, is "racist". The word means nothing anymore. The only thing it means is "not socialist enough"

Standing by for someone to point out where one specifies their race on a tax return.

Is there going to be a box for "Black Irish"? Because I'd totally claim that if it means I get lower taxes.

The only way this could be true is if 2+2=5, if you are black, but 4 if you are white.

C@LAg said:

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CSTXAg92 said:

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Standing by for someone to point out where one specifies their race on a tax return.

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Line 37.

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Not line 37 of a 1040...



https://www.irs.gov/pub/irs-pdf/f1040.pdf

So the solution for racism is more racism, and this time they want it explicitly codified into law?

C@LAg said:

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CSTXAg92 said:

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C@LAg said:

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CSTXAg92 said:

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Standing by for someone to point out where one specifies their race on a tax return.

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Line 37.

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Not line 37 of a 1040...



https://www.irs.gov/pub/irs-pdf/f1040.pdf

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Yes. Line 37. Where one identifies themselves as a taxpayer subject to the whims of the wealth redistribution crowd.

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Ah yes. From that perspective I see your point.

She focuses on race, but in fact the tax code does penalize renters, who, regardless of race, have a difficult time building enough wealth to buy a home. What she doesn't focus on is why (generally) black people don't get more lucrative jobs. My take: disparate cultural value on quality education and criminal record/drug usage which severely limits job options. Our emergency plumber is a black guy who is as busy as a one-armed paper hanger with calls from early morning until evening. He works his tail off and earns big money.

More black people rent homes or buy in bad neighborhoods.
Renters should get a mortgage deduction, and if you buy in a bad part of town, you should be able to write off your loss...lol, let's not try to educate yourself and make better decisions. The writer is being intentionally obtuse. Lobbying congress for tax law changes.

Kozmozag said:

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More black people rent homes or buy in bad neighborhoods.
Renters should get a mortgage deduction, and if you buy in a bad part of town, you should be able to write off your loss...lol, let's not try to educate yourself and make better decisions. The writer is being intentionally obtuse. Lobbying congress for tax law changes.

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Yes, she is. When an academic "feels isolated" because white colleagues "don't get" how blacks are treated unfairly (and historically they have been) she could explain how Baltimore and northern cities intentionally built freeways into existing black neighborhoods while simultaneously convincing black voters to retain the same Democrats who forced them out of their neighborhoods in the first place. But building black wealth is important. Once you own some real estate, you have a vested interest in protecting its investment value. If there was a way to do that without just handing over wealth based on race ( violation of the 14th amendment) I would like to hear about it.

What's the penalty for renting?

Basically that you aren't getting property tax or mort interest deductions. That said, the limitations in those deductions + the significantly higher standard deductions now in place, that gap doesn't exist anymore for many folks.

And reality is that all costs and savings incurred by the landlord do tend to factor in rent in an indirect way. So I don't think it's ever been fair to call it a renters penalty. Eliminate expense deductions for landlords and rent will go up

Fore Left! said:

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Basically that you aren't getting property tax or mort interest deductions. That said, the limitations in those deductions + the significantly higher standard deductions now in place, that gap doesn't exist anymore for many folks

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Depending on your income and interest paid, with the Trump tax cuts and doubling of standard deductions, for many it wiped away much of the mortgage interest deduction. If you wanted mortgage interest deduction you had to itemize and even then make enough in wages to qualify.

It's funny, there were successful Black landowners 100 years ago in South Florida.
But we never hear people (especially leaders from the Black Community) celebrate people like Dana Dorsey.
We only hear that everyone is just like George Floyd.
It's sad that successful Blacks from the South aren't celebrated more.
https://www.wlrn.org/news/2019-03-07/home-of-miamis-first-black-millionaire-dana-a-dorsey-now-open-to-public

Right, which is my point as to why that difference no longer exists for many

The only way for libs to win is to lie to the public. The only way to do that is to own all media and exercise censorship as much as possible.

1. See MSM
2. See social media bannings

So, not they have that in place, the narrative is anything they don't like is racist.