PWC & SITM PodcastsIs the "black tax" a cultural blessing or a financial curse? We get brutally honest about the pressure to support family, setting boundaries, and the cost of saying "yes."
New episode of Palm Wine Central is LIVE! 🎙️ 🔗 https://youtu.be/sbUZ9Bhp1I8,
Africa EventsHow Young Nigerians are Coping with Black Tax
For Young Nigerians dedicating a portion of their income to supporting their family, the will isn’t the problem, it’s the means.#nigerianeconomics #africaneconomics #blacktax #youngafricans #youngnigerians #familysupport #africanculture #nigeria
Do You Pay a Black Tax?
BongolianJustin Phillips: The ‘Black Tax’ is an enduring feature of #homeownership in the U.S. and #California: When it comes to the housing market, Black Americans have been cheated for decades, especially in California.
"The terms “property tax” and “property value” appear more than 90 times in 2023 reports from San Francisco’s African American Reparations Commission and California’s Reparations Task Force, which speaks to the brutal, long-lasting disparities in the U.S. housing market.
Homeownership is key to building generational wealth, and reparations advocates have pushed property-focused legislation this year, including a bill granting property tax relief to descendants that failed to pass out of the Senate Appropriations Committee on May 16."
#blacktax #propertytax
https://www.sfchronicle.com/bayarea/justinphillips/article/black-tax-property-tax-prop-13-california-19460330.php
Steve Dustcircle 🌹Yes, #BlackTax Is a Real Thing, And It's Even Worse Than You Can Imagine
https://www.theroot.com/yes-black-tax-is-a-real-thing-and-its-even-worse-than-1851435306
#blackhistory #taxes #taxlaw #racism
CelloMom On Cars"We found clear evidence of a '#BlackTax' in the #MunicipalBond market, that cannot be explained by bond structure, bond rating, or socioeconomics. We also found that #ClimateRisk is not yet priced in the market, and together these findings point to a greater burden that communities of color face in paying for #climate resilience, even without a current climate risk pricing signal."
https://www.sciencedaily.com/releases/2023/08/230809164657.htm
US municipal bond market pricing may be biased by race, unphased by climate risk: Communities with larger shares of Black residents pay more in bond insurance costs, while those with higher physical climate risk do not
New research suggests that the US municipal bond market systemically misprices risk, as the pricing of municipal debt does not account for local physical climate risk, but does demand larger credit spreads from communities with a larger proportion of Black residents.