The Black Tax: The Cost of Being Black in America

The Black Tax is an extraordinary analysis of how anti-Black bias has created a detrimental tax that Black Americans pay in the auto, housing, online, job and lending markets and how that tax has suffocated our entrepreneurial spirit; restricted our ability to develop healthy families; decreased the number of communities that provide quality education, safe neighborhoods and gainful employment; and significantly reduced our ability to leave a sizable inheritance to our children. The Black Tax, however, does not focus on this injustice. Instead, it quantifies the fiscal impact of the tax, provides the data to support it, and then offers ways that Black America can offset the effects and create 6 million jobs and 1.4 million businesses in the Black community.
 The Black Tax examines the staggering financial cost from emancipation to the present day to answer the question of how, after 400 years, more than 40 million African-Americans own only 2% of U.S. wealth. The book then lays out a plan [...]based on the concept of Purchasing, Hiring, and Depositing (PHD) in Black banks, businesses and communities that will empower us and create much-needed jobs and businesses in the Black community.