Here’s how the tax code worsens the racial wealth gap in America

 

Source: Michelle Singletary, Washington Post ( Paid Registration )

Follow the lines of the IRS Form 1040, and a picture emerges of an America divided economically by race and ethnicity.

Although high-income Americans pay a larger share of their income in taxes, they nonetheless have a significant financial advantage over African Americans, Hispanics and low-income families, according to a newly released analysis by the nonpartisan Tax Policy Center.

Read Full Article: Here’s how the tax code worsens the racial wealth gap in America

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