How the "Black Tax" Reinforces Poverty – Mother Jones
“You’ve got to help think…all the ways that a rule might unintentionally hurt some groups.”
Source: motherjones.com
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Why it costs more for Black towns to borrow money
A new study details how "the Black tax" in municipal bonds forces Black communities to pay more for infrasture.
Source: grist.org
Racism's historical impact on the municipal market: Part I
The bond market is not an inherently racist market but, it does not exist in isolation from society at large. As a result, it has acted against the financial interests of municipalities whose residents are predominantly Black.
Source: bondbuyer.com
A 'Black tax' costs U.S. cities millions they can't afford
Scholars in the vanguard of finance, accounting, history and geography are seeing the impact of racial bias and property tax disparities in the $4 trillion U.S. municipal bond market.
Source: accountingtoday.com