According to News Week
50 Cent apparently endorsed President Donald Trump and vowed to move away from New York City while sharing an analysis finding that Democratic presidential nominee Joe Biden’s tax plan could be costly for wealthy New Yorkers.
The rapper and entrepreneur, also known as Curtis Jackson, made the remarks as he shared an image from the CNBC program Power Lunch to social media on Monday. The image included figures from a Tax Foundation analysis of Biden’s plan, finding that the top 1 percent of earners living in New York City could face a combined, federal, state and city statutory tax rate of 62 percent.
“WHAT THE F*CK! (VOTE ForTRUMP) IM OUT,” tweeted 50 Cent. “F*CK NEW YORK The KNICKS never win anyway. I don’t care Trump doesn’t like black people 62% are you out of ya f***ing mind.”
👀WHAT THE F*CK! (VOTE ForTRUMP) IM OUT, 🏃♂️💨F*CK NEW YORK The KNICKS never win anyway. 🤷🏽♂️I don’t care Trump doesn’t like black people 62% are you out of ya fucking mind. 😤 pic.twitter.com/uZu02k2Dlz
— 50cent (@50cent) October 19, 2020
The top federal income tax rate, for those earning more than $400,000, would go from 37 percent to 39.6 percent under Biden’s plan, the highest level under former President Barack Obama. In addition, a new 12.4 percent payroll tax, evenly split between employers and employees would apply for those earning more than $400,000.