Analysis in Shapiro's "The Hidden Costs of Being African American" An Analysis of the Racial Class Divide of the Capital Gains Tax in the Current Economic Recession For Thomas Shapiro, the primary problem with the capital gains tax in current federal legislation are defined through economic polices that favor the most wealthy (mainly the white upper classes) and prevent middle and lower class African Americans from homeownership. Shapiro provides information as to how the exemption from capital gains allow the sustenance of wealth for white upper class persons as an incentive to drive down the availability of tax incentives for middle to lower class African Americans. A class divide is one aspect of this study that will provide information...The end:
.....s during the current economic recession. Works Cited Conley, Dalton. Being Black, Living in the Red: Race, Wealth, and Social Policy in America. Los Angeles: University of California Press, 2009. Freund, David. Colored Property: State Policy and White Racial Politics in Suburban America. Chicago: University Of Chicago Press, 2010. Jackson, Derrick. “An Elusive Payoff: Gains Elsewhere Belie a Wealth Gap for Black Families. 2010. Boston Globe. Boston.com. November 1, 2010. < http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2010/05/18/gains_elsewhere_belie_a_wealth_gap_for_black_families/> Shapiro, Thomas. The Hidden Cost of Being African American: How Wealth Perpetuates Inequality. Oxford: Oxford University press, 2005.