Episode 7: Tax Knowledge with J.B. Stradford
Published 2024-05-23
Ray'Chel Wilson!
In this episode, we delve into the tax knowledge and financial empowerment of J.B. Stradford, a renowned civil rights activist. Born on February 4, 1913, and passing on October 24, 2005, Stradford made significant contributions to financial literacy and economic justice.
Our host introduces Stradford's insights on the importance of tax knowledge in her activism.
Stradford shares her wisdom:
- Understanding Taxes: Stradford highlights the role of taxes in supporting essential social services like education, healthcare, and infrastructure. Being informed about tax regulations helps in advocating for fair and equitable policies.
Stradford provides a practical tip for taxpayers:
- Tax Savings: If you're self-employed or don't have taxes withheld from your paycheck, set aside around 25-30% of your income for taxes. This ensures you can cover your tax obligations and avoid surprises during tax season.
Stradford explains how tax knowledge empowers individuals and communities:
- Compliance and Advocacy: By understanding tax concepts and regulations, individuals can ensure compliance, minimize tax liabilities, and advocate for fair treatment. This knowledge promotes financial empowerment and a more just and equitable society.
Key takeaway: Understand how taxes support social services and advocate for fair tax policies. Save around 25-30% of your income for taxes if you're self-employed or don't have taxes withheld.
Join us to learn how J.B. Stradford's insights on tax knowledge can inspire your financial journey and empower your community.
Raise the Bar Investments: rtbinvestments.org/
The Black Wall Street Times: theblackwallsttimes.com/