Brooklyn Law School professor Steven Dean’s recent piece “A Plea to President Biden to Stop Perpetuating Racist Tax Policy” declares that failure to address racist domestic and international tax policies, like the disparities between the majority Black countries among blacklisted countries and tax havens such as Ireland and Switzerland, would prevent the fulfillment of President Biden’s promises to rid our nation of systemic racism.
This makes it harder for Black people to benefit from the tax law’s $500,000 of tax-free appreciation upon the sale of their homes.
