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The federal tax code ([link removed]) does not explicitly benefit one race over another. Yet historical racism and continuing racial prejudice and discrimination have helped to shape factors that determine households’ tax liability, such as their income, wealth, and consumption.
Racial barriers to economic opportunity have played a substantial role in determining today’s income and wealth distribution, in which households of color are overrepresented at the bottom of the scale while white households are heavily overrepresented at the top.
In a new paper ([link removed]) , we highlight how racism has helped shape the tax code’s historical development in ways that continue to influence tax policy today, as in the current debate over a wealth tax and direct taxation.
As we explain, the tax-cut law ([link removed]) enacted in 2017 widens income and racial disparities.
Read the Report ([link removed])
Download the PDF (39pp) ([link removed])
** Additional Resources
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› Want a short summary? We have a Twitter thread that lays out the most important points ([link removed])
› Watch the authors of this report dissect the main points & what polices we can implement to help promote racial equity in the tax code in this video ([link removed])
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Contact: Caroline Anderson-Gray (mailto:
[email protected]?subject=CBPP%20Email%20Response) , 202-408-1080, Director of Digital Strategy
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