New York Amsterdam News: To dismantle white supremacy we must tax the rich

To further compound racial inequality, other parts of our tax code essentially function as giveaways to the wealthiest white households. Take the tax deduction for income earned from pass-through businesses. Over half of the savings from this deduction alone accrues exclusively to the top 1% of households, who are mostly white. Similarly, the Institute on Taxation and Economic Policy found that 80% of the savings from Trump’s Tax Cuts and Jobs Act ultimately flowed to white households, with only about 5% of the savings benefiting Black households. Read more