Kerry M. Kerstetter, CPA (referred to as The Tax Guru by other CPAs around the country) helps capitalists, investors & small business owners win the tax game. See www.TaxGuru.org for much more detailed info.
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Tax Guru-Ker$tetter Letter
Wednesday, November 08, 2000
No Slavery Tax Credit
Among the tax questions posted to me and the other experts on AskMe.com, a recurring one has to do with the urban myth floating around that there is such a thing as a special tax credit for African-Americans as reparations for their time as slaves. This is as bogus as the rumor a few years ago advising blacks to claim the value of 40 acres of land and a mule as a tax credit on their 1040s. Although film director Spike Lee named his production company after this, there is no truth to that tax break. The current hoax is well described here on the snopes.com site, which I highly recommend you consult any time you receive one of the countless email alerts about viruses or get rich quick schemes.
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 11/08/2000 06:20:00 PM Send this post:
