50 Cent just pledged his allegiance to President Donald Trump in the upcoming race for the White House, and it’s all about the money.
The Queens rapper took lit up social media after he went on Instagram to announce his support for President Trump and to denounce President Joe Biden, over his plan to tax rich people in New York.
👀WHAT THE F###! (VOTE ForTRUMP) IM OUT, 🏃♂️💨F### NEW YORK The KNICKS never win anyway. 🤷🏽♂️I don’t care Trump doesn’t like black people 62% are you out of ya f###### mind. 😤
https://www.instagram.com/p/CGiai3nHu9f/
According to CNBC, people living in New York, New Jersey, and California earning more than $400,000 could end up paying more than 60% in income taxes when the state and local statutory rates are combined under Biden’s plan.
But the same report also said most taxpayers never pay the full rate, when factoring in write-offs, deductions, and credits for their income.
CNBC’s report also said the richest people will pay even less if Republicans and Democrats agree to remove the $10,000 cap on local and state deductions.
However, as it stands, Biden’s policy would be the highest wealthy citizens have faced in over three decades, which is enough for 50 to throw his weight behind President Trump.
It is unclear if 50 was just trolling, based on his follow up post. “I just remembered i’m bankrupt, so i’m looking for a gracious loan can anyone help a brother out. LOL.”
https://www.instagram.com/p/CGidVMsH7Fd/