Unlocking the Mystery: What is the Black Tax and How Does it Impact Economic Equality?|BSN Breakdown

🤔 What is the BLACK TAX? | Let's breakdown exactly what the #BlackTax is and how it is exacerbating #EconomicInequality, wrecking your finances and keeping you from generating wealth 🤯 ... 👀 #BSNBreakdown 👉🏾 #PressPlay
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[@meboy3513]

BEEN SAYING THAT THERE'S A BLACK TAX HERE IN KLANSAS AND NO ONE IS LISTENING!!! A FEW FAMILY MEMBERS WERE TAXED OUT OF THEIR HOUSES. IT'S. FACT. 🤬🤬🤬🤬🤬

[@user-vb3te3gd2v]

People of all races are being taxed out of their homes because the states they live in have spending problems. Most states now are taxing homeowners, not what they bought their homes for, but on the market value. In other words, on money you don't have. But the taxes are determined equally for all properties.

[@cherriwomack-vh2jk]

Yes we do

[@anthonyrose2232]

😂

[@kapilchhabria1727]

there are also some taxes that are not levied but indirectly experienced: mortgage interest and property taxes are deductible if you are a homeowner, though one could argue that is true only if you itemize, but that means that anyone paying more than $24k in property taxes and/or mortgage interest gets a break, whereas renters, and small homeowners, both categories of which are predominantly minorities, do not get to avail this benefit. level the playing field with the simplest of simple fixes: remove all mortgage interest and property tax deductions. or cap them at the standard deduction. that is one minor fix to address the lopsided taxation code. wanna go a step further? levy a road tax based on vehicle tonnage and value, and not through the purchase of gas. more expensive, and heavier vehicles like oversized SUVs, and big electric vehicles are the bailiwick of the rich but the disproportionately use the infrastructure paid for by the common person.

[@MsVictorie]

👍🏾😢😮😮😮👍🏾💪🏽💪🏽💪🏽💪🏽❤️❤️❤️❤️👏🏾👏🏾👏🏾😪😪I’ve been tryna explain this to blk ppl fa Yrs😢😢😢😢😮😮

[@clairegazzillo6775]

Black this black that black black black black it never ends

[@Lemetellya]

Agreed!! This constant whining and complaining is very tiresome!! 🤷‍♀️

[@iluvuvibez6644]

hahaha yeah i hear it all the time too...

[@robertridley9279]

I know. When will racism against black people finally end so that we can stop talking about it?

[@Lemetellya]

@@robertridley9279 👏 there is one of “the whiners “. Sack up Bobby! 🤦‍♀️

[@4u2cre8]

​@@Lemetellya And yet here the both of you are. Can't be but so tired of it since you clicked and watched the video 🤣

[@user-or1yn5rb4t]

Did you know that the promise of 40 acres and a mule was made by a general who had no authority, BUT that black people have been allowed to homestead on land for free since they were freed? Even today more than half the states offer homesteading.

[@user-pn6qd6zf8s]

And your last name...

[@roxeloggins]

So what are we going to do as a Black race to change it....🤔

[@MichaelWashingtonAE]

Buy assets, start/own and operate at least small businesses. Use tax advantages, pay taxes, pay bills (on time) invest in the family and invest back into assets 🤷🏿 Teach our children and family, pass on assets to our kids after they have learned the important lessons..

[@robertridley9279]

The answer is nothing, just like we're not doing anything to stop the police or people like George Zimmerman.

[@Mike1122.]

@@MichaelWashingtonAEabsolutely nothing? What have we done to get reparations?

[@demetricklouis5710]

​@@MichaelWashingtonAEwell it starts buy prioritizing black own businesses and shopping within your culture wherever possible. Find way to keep money in black community and raise up a generation that isn't so fixated with the appearance of but instead know to create their own wealth.

[@economicdevelopmentplannin8715]

Simple goals for 99% of kids from black American families... "double up on jobs and ideally only buy assets", within a long-term investment strategy Marriage and babies with someone similar No debt. Only buy what's affordable. Move to a city and State where it's easiest to do this. Aspire to live off long-term capital gains, zero federal taxes ❤

[@imthatbishhh5152]

And what are we doing about it? Good to know but what’s the plan…

[@maureencora1]

2024 Y'all Better VOTE or Else.