Black tax

The Black Tax is a phrase used to describe the price that people of African descent pay, economically, socially, and emotionally for the color of their skin. The term “Black-tax” is often used in instances where African Americans are mistreated, or misrepresented, in society when it come to allotting them they same opportunities in America that their white counterparts have.
Socioeconomics
According to the State of Working America, black households' home equity accounts for 63 percent of total average net worth. Home equity represents only 38.5 percent of average 08/2009, black homeownership rates dropped a full percentage point between 2005 and 2007 -- the largest decrease for any racial or ethnic group. African Americans who qualified for conventional mortgages were steered to riskier, and more profitable, sub-prime loans.
Although this statement is quite harsh, the proof is in the numbers. According to NAEP National Mathematics/Reading results, white students in the 4th, 8th, and 12th grade score on a national average 15% -18% better than black students on this academic exam. In the math portion of the same exam, which tested key skills like addition, subtraction, multiplication, and division, 62% of Black children in the 4th grade scored below basic.
As of the new millennium, only 16.4% of African American had actually received a 4-year college degree. This alarming statistic is the main reason that African Americans have problems acquiring wealth in society. With no quality education, no aide from the rest of society, and the government over looking this “error”, black people continue to be marginalized as the lower class of society by being systematically forced to educate themselves on less means and living in areas where there are very little opportunities to change.

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