For years it was rumored that the U.S. was going to forgive the federal taxes owed by Black Americans as a form of reparations. It’s a scam.
“The ‘Slave Reparations Act’ (also called the Slavery Reparation Tax Credit, Black Tax Credit or Black Inheritance Tax Refund) is a tax fraud related to the concept of reparations for slavery. It claims that African Americans are entitled to a $5,000 slavery reparation tax credit, per Wikipedia. The scam claims that African Americans born in the U.S. between 1911 and 1926 can receive $5,000 or increased social security payout.
The goal of the scam is to get the victim to send all of their information to the scammer. In April 2002, the Internal Revenue Service (IRS) received more than 100,000 attempts to claim reparation tax credits and paid out more than $30 million in erroneous refunds. The IRS continued to report false tax credit scams and claims in 2003 and 2004.
