The Will Smith Tax follows all the other burdensome taxes that exacerbate the financial-economic conditions of Black Americans. The role of tax in the life of Black America is a true horror film broadcast far too often with little regard for the poverty and incarceration that we over-index every day.
Will Smith is in a tax bracket like other rich white people, which increases the cost of comedy. A comedy ticket does negatively impact their personal economy.
The creation of a Black tax is not a new concept, but it deserves a renewal to this Black intellectual’s body of work and deserves a new mention in the impact of the new Black Will Smith Tax.
In speaking with the agent of a few comedians, suggested increased security for comedians and performers will start being added to comedian and entertainer contracts. This cost will be directly passed through to the Black consumer and others, but not Will Smith.
It’s the Will Smith Tax, but he will not pay it.
Instead, he will benefit from the creation of a tax because he has benefited in ways the average Black person never does.
If a Black person goes to prison or jail for an assault, he will be punished and taxed in ways the Black community knows too well.
According to Vera, the average cost per person in prison ranges from $14,000 to $70,000, with “most states” averaging $25,000 to $30,000 per incarcerated individual annually.
The Will Smith Tax will impact every Black marriage because we have to have a conversation regarding our playbook and maybe professional counseling will be necessary.
The Will Smith Tax is a burden and a regressive Black tax created by a Black Man on Black and white people.
Like many taxes, Black People will suffer the majority of the tax application.
In 2018, Black intellectual author Shawn Rochester in his book 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.
This book The Black Tax was pre-George Floyd, so many Black people slept on the book and ignored many of the statistics that spoke to the existence of a Black Tax on Black Americans.
The Will Smith Tax will negatively impact Hollywood.
Black professionals are just getting the Hollywood doors opened to Black talent in front and behind the camera. The rejection of Black ideas for Black shows, Black producers and Black content partners will point to the fact that Will Smith is associated and the Will Smith Tax is fewer of them, so we can control the situation.
The saddest economic part is Black children and Black families will pay a price for the violence that took a family member or friend who was killed or incarcerated for violent behavior that continues to play out on the screen. Will Smith’s Oscars performance created miseducation to the white community on the state of mind of the Black Community.
The workplace will see people ask, ‘Are you going to Will Smith me?’ To their Black co-worker, with the joke shared at the expense of the Black person.
The Will Smith Tax is leveraging a fractured relationship Black men have already had about conflict resolution and emotional issues, with the resolution to flight or fight.
The absence of great roles and Hollywood’s standards found reinforced the stereotype of respect requires violence always. The script found in the physiologic Will Smith Tax advocated violence upon a Black Man.
Black people should ask for their own tax of 10% of his production company be given to 50 HBCUs now.
If he loves that community, we’ll see an economic impact that will help defer the Will Smith Tax we will pay for the rest of our lives.
Lastly, this is also a historical Will Smith Tax.
Will Smith is receiving a benefit from white establishment. Chris Rock was working in his field. He was getting paid, but not enough to justify being punished by the house entitled light-skinned Black man who has been given everything and permission to write the punishing history on the Black skin.
Black people can’t remove themselves at any point in their lives.
The Black Tax and the Will Smith Tax must be addressed because it destroys the wealth and mental health of the entire Black community while being broadcasted to the world.