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A Word: Taxes, Death, and Trouble

Slate News

Slate Podcasts

News, News Commentary, Politics

4.56K Ratings

🗓️ 10 April 2022

⏱️ 26 minutes

🧾️ Download transcript

Summary

It’s tax season, a stressful time for millions of Americans. But for many Black Americans, financial issues are complicated year-round by the “Black Tax;” that’s the complex web of structural bias in finance, banking, and housing policy that can make it harder for African Americans to build wealth. On today’s episode of A Word, Jason Johnson is joined by financial advice author Lynnette Khalfani-Cox to discuss the biggest tax and financial hurdles for African Americans, and how to overcome them. Guest: Lynnette Khalfani-Cox, a personal finance expert and author of several books on financial planning and strategy. Podcast production by Sam Kim and Jasmine Ellis  You can skip all the ads in A Word by joining Slate Plus. Sign up now at slate.com/awordplus for just $1 for your first month. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

There's something so romantic about winter and I don't know whether that's just because

0:05.4

I'm a bit of a homebody and I love a 5.

0:08.0

But I think it's just the holiday period, it's just for me, it's the most romantic period.

0:14.1

And I think anyone who's listened to my records will know that I'm quite a big fan of romance.

0:18.8

Joy in every sip with red cups now back at Starbucks.

0:28.8

This is a word a podcast from Slate, I'm your host, Jason Johnson.

0:32.7

It's April, Spring is sprung, flowers are blooming and procrastinators like myself

0:37.7

who've been planning to get started any minute now on filing their taxes are running out of time.

0:43.8

In For African Americans, navigating a tax system that historically has a workforce

0:48.6

can come with extra challenges.

0:50.8

For a lot of middle class black folks, a lot of people who have more complicated affairs

0:56.1

who may itemize their tax deductions, etc, they absolutely should have professional help.

1:02.3

Surviving the black tax and thriving financially coming up on a word with me, Jason Johnson.

1:07.5

Stay with us.

1:18.1

Welcome to a word a podcast about race and politics and everything else, I'm your host, Jason Johnson.

1:23.5

It's tax season, a time when many of us are sorting through shoe boxes of receipts,

1:28.8

searching kitchen drawers for forms and generally freaking out about money management.

1:33.6

It's also a good time to talk about America's financial systems,

1:36.3

how they've been structured to work for some people and to work against others.

1:41.0

The black tax is a name for the complex web of discriminatory,

1:44.8

social and financial policies that can make life more expensive for African Americans than for

1:50.0

whites, everything from redlining to banking bias to the tax code itself.

...

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