Reality Times: Is a New Down Payment Tax Break in the Works?

Reality Times, October 16, Is a New Down Payment Tax Break in the Works?


Qualified tuition plans, also known as 529 plans, are among the most successful government programs ever.  The plans help families save money for college and private school tuition.  Parents can save up $10,000 per student by contributing to a qualified plan.  The earnings on the savings will are not taxed at the federal and state levels in many states.

Over the past 15 years, total investmentsin 529 plans have increased over 400 percent, to $373.5 billion.  By the end of June 2020, the 529 plans were helping 14.6 million students pay for school.


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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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