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THE BLACK TAX, THE INCREMENTAL

COST OF BEING BLACK IN AMERICA, CREATES A MASSIVE FINANCIAL BURDEN

ON BLACK AMERICAN HOUSEHOLDS

THAT DRAMATICALLY REDUCES

OUR ABILITY TO LEAVE A SUBSTANTIAL LEGACY FOR FUTURE GENERATIONS.

This tax greatly reduces Black people’s ability to invest in new business development, education, housing, employment and other activities that lead to wealth accumulation. Through a strategic partnership with Shawn Rochester; BBEC seeks to bring awareness to this 'Black Tax’ that Black people are subjected to and unknowingly paying.

 

FACT: CHATTEL SLAVERY WAS A 100% TAX ON THE LABOR OF ENSLAVED BLACK PEOPLE! SOURCE - THE BLACK TAX BY SHAWN ROCHESTER

 

FACT: IN 1860 ENSLAVED AFRICANS WERE VALUED AT 16-20% OF TOTAL U.S. WEALTH. IN 2016 DOLLARS, THAT WAS APPROXIMATELY $15.5 TRILLION. SOURCE - THE BLACK TAX BY SHAWN ROCHESTER

 

FACT: CHATTEL SLAVERY, JIM CROW, SEPARATE BUT EQUAL, THE NEW DEAL AND A HOST OF OTHER LAWS, PROGRAMS AND POLICIES CHANNELED BILLIONS OF DOLLARS OF GOVERNMENT-SPONSORED ECONOMIC SUPPORT TO WHITE FAMILIES. SOURCE - THE BLACK TAX BY SHAWN ROCHESTER

 
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Shawn in his ground-breaking book— The Black Tax, continues the tradition of the Nation of Islam and Garvey’s UNIA with his PHD strategy. PHD is an acronym for Purchase, Hire, and Deposit. Rigorous purchasing, hiring, and depositing within the Black community on consumer, corporate, and public-sector levels are crucial to the Black community’s economic survival.

Public and private entities interested in the economic development of the Black community must have, as a core part of their strategy, a focus on purchasing products and services from Black enterprises, hiring Black people into well-paying jobs, and depositing funds in Black financial institutions. 

A focus on PHD addresses the pervasive and devastating problem of Black people continually spending and depositing 98% of our resources outside of Black-owned business and financial enterprises. This persistent outflow of funds undermines financial and political independence by impeding local employment, entrepreneurship and home ownership. Instead, Black dollars must remain within the Black community to generate independent, self-sustaining revenue streams within the Black community.

Reducing the impact of the Black Tax and creating an environment that will facilitate the closing of the 6 million jobs gap and 1.4 million businesses gap in the Black community and $8 trillion of missing net worth, requires a foundation based on economic development and employment driven by the concept of "getting" your PHD. Getting your PHD is about facilitating trade and commerce with Black employees, businesses, and financial institutions to create a solid foundation for wealth accumulation in the Black community.

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COST OF THE BLACK TAX

TO BLACK AMERICA  

Data Source: The Black Tax by Shawn Rochester

 1619-1865 

 Chattel Slavery                            

............$50 Trillion 

Present value of 

 Black Labor in 1860                      

.............$22 Trillion 

 1862-1935 

 Homestead Act                         

.................$1.6 Trillion 

 1870-1935 

 Sharecropping/Jim Crow               

.............$15 Trillion 

 1935-1965 

 Great Economic Expansion                  

.........................

Labor 

Education

Housing

$4.4 Trillion

$2 Trillion

$1.75 Trillion

Present 

 Continuing Costs                                 

......................

  • $317 billion per year- current cost of lost equity value.

  • $20 billion per year- current cost of 350,000 missing Black teachers.

  • $30 billion per year-current lost income from Black prison population.

  • $80 billion per year-persistent six-decade Black/White employment gap.

  • $72 billion to $93 billion lost in 2005 to foreclosures from discriminatory subprime lending.

  • $94 billion to $123 billion-cost of work place discrimination in 1970.

 1960-Present 

 Post Civil Rights Era                            

......................

60 yrs. of B/W Employment Gap           

Missing Inter-generational Inheritance

$3.3 Trillion

$4.2 Trillion

 GET THE 

   BLACK TAX   

Please secure a copy of Shawn's book and read it cover to cover.

We promise you, it will be one of the best investments in

time and money you will ever make!

 
 
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“…it is obvious today that America has defaulted on this promissory note insofar as her citizens of color are concerned. Instead of honoring this sacred obligation, America has given the Negro people a bad check, a check which has come back marked “insufficient funds.” But we refuse to believe that the bank of justice is bankrupt. We refuse to believe that there are insufficient funds in the great vaults of opportunity of this nation. As so we’ve come to cash this check, a check that will give us upon demand the riches of freedom and the security of justice.”
– Rev. Dr. Martin Luther King, Jr.

BBEC DOES NOT CARE TO BE ELOQUENT, POLITICALLY CORRECT OR SOFT SPOKEN...BLACK BUSINESSES ARE DYING!

Black Business Empowerment Commission®

Email: info@BBECommission.org

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