As a financial consultant, Shawn Rochester helped his clients develop plans to dramatically increase their household cash flow, eliminate their debt, and set aside enough resources to maximize their income-generating assets during retirement. He also started Good Steward University, where he developed online courses to help Black Americans manage their resources based on a mindset and a set of actions focused on stewardship, ownership, and legacy. Within Good Steward University, Shawn developed a course called The Black Tax: The Incremental Cost of Being Black in America. The course was created based on reviewing 25 years of research on the cost of implicit bias on African-Americans.
This tax is insidious in many ways because it reduces Black Americans’ cash flow, thereby reducing our ability to leave a legacy for our children and their children.
In The Black Tax: The Cost of Being Black in America, founder of Good Steward LLC, Shawn Rochester, examines the various costs associated with being Black in America. He describes The Black Tax (which is the financial cost of conscious and unconscious anti-black discrimination), creates a massive financial burden on Black American households that dramatically reduces their ability to leave a substantial legacy for future generations.