Why Black Wealth Matters in White America 3
July 16, 2020
…and what blacks must learn to survive this new economy
By Solomon Ali, Private Equity Investor
It is important for Black Americans to understand that if you invest some money for 13 months you will pay less on that investment income in the form of capital gains tax than you will on your earned salaried income. The more that pyramid flips in the favor of investment income or passive income, the less tax you will pay. “The Borrower is Slave to the Lender” – Proverbs 22:7 As Black Americans, we are a spiritual people and always have been. It is ironic that one of the most repeated a...