Tax breaks and tax enforcement are not agnostic when it comes to race, according to a pair of recent studies. White taxpayers disproportionately benefit from five studied tax breaks versus Black Americans, in many cases when adjusting for income, according to a Treasury study from the Office of Tax Analysis. And even when Black taxpayers benefit more than their white counterparts from one credit, they are then subject to more audits because of it, a second study from Stanford University found. The findings, which confirm previous research on tax disparities, underscore how supposedly race-neutral tax systems and policies can actually magnify racial disadvantages and perpetuate bias. “The recently released working paper from the…

I was excited to host and moderate Business Insider’s Master Your Money: How to Create Generational Wealth with Echo Huang and Kelly Lannan as panelists. If you missed the webinar, you can watch the recording on YouTube. It starts at the 12:50 mark.