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When the tax man cometh, where goeth our Black dollars?

James Clingman | 12/20/2013, 1:32 p.m.

In keeping with my theme of economic empowerment, this is about Black business in general, not just one individual business. This is about doing what every other group in this country does in a “competently unconscious” way. They support one another and grow their businesses to the point of being able to provide jobs for their own children. What many of us do is simply get mad and complain about them instead of doing what they are doing.

The more we pass our dollars around to one another, the more empowered we become and the stronger we will be, even to the point of building and maintaining a solid unshakeable economic foundation for our young people. We will also provide them with the proper examples of what they, in turn, should do.

So, while this is not entirely about Compro Tax, I do encourage you to seek them out, as well as other Black-owned tax preparation firms in your city. You will develop relationships with some great people, and you will be exposed to an opportunity to open your own tax preparation business. Taxes comprise a recession-proof industry, as you well know, because no matter what the economy does, the tax man will cometh; and your tax dollars, preparation fees and refunds, will goeth to someone. Make every effort to make them goeth to a Black business.

(Note: Ironically, while writing this I received a call from a White friend of mine asking for the number of “that tax firm you told me about.” It was Compro Tax in Cincinnati, Robin Lewis, owner. I encourage everyone to use Black-owned businesses; their success is America’s success.)

Jim Clingman, founder of the Greater Cincinnati African American Chamber of Commerce, is the nation’s most prolific writer on economic empowerment for Black people. He is an adjunct professor at the University of Cincinnati and can be reached through his website, http://www.blackonomics.com.