Race, Wealth and Taxes Report Resources

Explore and share infographics, shareable images and social media posts for the Race, Wealth and Taxes: How the Tax Cuts and Jobs Act Supercharges the Racial Wealth Divide.

 

Infographics

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Shareable Images

 

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Social Media Posts

Hashtags

  • #TCJA
  • #RacialWealthDivide
  • #RaceWealthTaxes

 

Twitter

[Report link: https://prosperitynow.org/resources/race-wealth-and-taxes]

  • Quantitative analysis of racial implications of 2017 tax law by @prosperitynow @iteptweets examines how TCJA rewards existing white wealth at the expense of the economic security of poor, middle-class, and households of color. #RaceWealthTaxes [link]
     
  • New report from @prosperitynow @iteptweets finds on average, white households receive $2,020 from Trump tax cuts. Latino households receive $970, while Black households receive $840. [link] 
     
  • In just one day, millionaires get a larger tax cut than the poorest families receive over an entire year. #TCJA [link] 
     
  • Tax Cuts and Jobs Act rewards wealth over work, ensuring the #RacialWealthDivide remains a defining feature of American life for generations. [link]
     
  • Tax Cuts and Jobs Act rewards the wealthiest Americans, leaving middle-class and lower-income families behind and exacerbating the #RacialWealthDivide. Even among the super wealthy, the disparity is alarming. [link] 
     
  • The #TCJA were touted by its proponents as being a boon to middle class households. The benefits they receive are a tiny fraction of what the wealthiest do. 
     
  • White families are 3x more likely than Latino and Black families to be among the nation’s top earners. As a result, households of color have been largely excluded from accessing the Tax Cuts and Jobs Act’s benefits. [link] 
     
  • Of $275 billion in tax cuts to individuals in 2018, $218 billion, or 80%, goes to white households. @prosperitynow @iteptweets look at the racial implications of TCJA in a first of its kind quantitative analysis. [link] 

Thread

  • At its best, U.S. tax code is an effective vehicle by which the government helps families build wealth and create financial security. At its worst? A powerful tool that drives income and wealth inequality. 
     
  • The 2017 Tax Cuts and Jobs Act doubled down on the worst aspects, showering benefits on the wealthy and leaving middle-class and low-income families behind, particularly households of color. 
     
  • Even among the top 1% of earners, there are enormous racial differences in benefits from the #TCJA. That is because among the rich, white families receive a greater share of their income from gains on already existing wealth, which the tax cuts rewards.
     
  • In #RaceWealthTaxes, @prosperitynow @iteptweets look at the racial implications of TCJA and how the 2017 tax law rewards existing white wealth at the expense of the economic security of households of color, poor households, and a stalling middle class. [link]

 

Facebook

  • White families are 3x more likely than Latinx and black families to be among the nation’s top earners. As a result, households of color have been largely excluded from accessing the Tax Cuts and Jobs Act’s benefits, leaving them with little support from one of our nation’s largest systems for improving the economic outcomes of American households. [link]
     
  • In the first quantitative analysis of the racial implications of the TCJA, @prosperitynow @iteptweets examine how the tax cuts reward existing white wealth at the expense of the economic security of households of color, poor households, and a stalling middle class. #RaceWealthTaxes [link] 
     
  • At its best, U.S. tax code is an effective vehicle by which the government helps families build wealth and create financial security. At its worst? A powerful tool that drives income and wealth inequality. The 2017 Trump tax cuts doubled down on the worst aspects of the tax code, showering benefits on the wealthy and leaving middle-class and low-income families behind, particularly households of color. In #RaceWealthTaxes, @prosperitynow @iteptweets look at the racial implications of TCJA and how the tax cuts reward existing white wealth at the expense of the economic security of households of color, poor households and a stalling middle class. [link] 
     
  • Its proponents touted it as a middle class tax cut, but a vast majority of the 2017 Tax Cuts and Jobs Act’s benefits go to the wealthiest households. In #RaceWealthTaxes, @prosperitynow @iteptweets look at the implications of #TCJA on rising economic inequality, including how the tax cuts reward existing white wealth at the expense of the economic security of households of color, poor households, and a stalling middle class. [link] 
     
  • A new report from @prosperitynow & @iteptweets provides shocking new numbers showing how the 2017 tax cuts will widen the #RacialWealthDivide, further concentrating wealth among already wealthy white households at the expense of everybody else. #TCJA #RaceWealthTaxes [link] 
     
  • Far from being the boost to the middle class they were supposed to be, the 2017 tax cuts actually function as a giveaway to already wealthy people. #RaceWealthTaxes from @prosperitynow & @iteptweets gives you the shocking numbers. #TCJA [link] 
     
  • Even among the already wealthy, the 2017 tax cuts overwhelmingly reward white households over other groups, further intensifying the #RacialWealthDivide. [link] 
     
  • The 2017 tax cuts in a nutshell: It will take middle class families 50 years and low-income families over 500 years to receive the benefit families in the 1% make in 1 year. #RaceWealthTaxes shows how the #TCJA intensifies wealth inequality when the priority should be to narrow it. [link]

 

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