Monday, May 17, 2021
How tax laws disadvantage Black Americans but subsidize white Americans | PBS NewsHour Weekend
…The majority of white Americans own homes. The majority of Black Americans are renters. We don't allow a tax break to rent, but we allow a tax break for homeownership. White Americans own homes in predominantly white neighborhoods. Black Americans own homes in racially diverse or all Black neighborhoods. Most homeownership appreciation is in the all white neighborhood. We have a tax break for appreciation on our homes. If we sell our homes for a loss, no tax break. And what the research shows is Black homeowners are more likely to sell their home for a nondeductible loss...
Subscribe to:
Post Comments (Atom)
Click Older Posts above to see more.
No comments:
Post a Comment