50 CENT appeared to endorse Donald Trump for president on Monday, taking aim at Democratic nominee Joe Biden's tax proposals.
The rapper, whose real name is Curtis Jackson, made the announcement on social media by sharing a news report of Biden's top tax rates by state.
The screen showed Biden's proposed rates for top earners in California (62.6 percent), New Jersey (60 percent), New York State (58 percent), and New York City (62 percent), citing the Tax Foundation and the Biden campaign.
The rapper wrote: "WHAT THE F**K! (VOTE ForTRUMP) IM OUT…. FUCK 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."
Biden's tax proposals for top earners would only apply to those earning $400,000 or more – but it appears Jackson does not approve.
Experts told CNBC that the rapper, who reportedly lives in New York City, could be hit with a 62 percent tax rate increase under Biden’s plan.
The report did acknowledge, however, that few, if any, taxpayers pay the full statutory rates, which don’t include deductions, credits, offsets, and other loopholes.
Following the rapper's post, Fox Nation host Tomi Lahren commented: "Welcome to the Trump Train! Amen!!!!”
During the 2016 presidential race, Jackson appeared not to back Trump, tweeting: "Let us pray, lord please don’t let Trump into office. We will spin out of control.”
The rapper also took aim at Trump earlier this year, slamming his approach to the novel coronavirus back in March.
In a post to his Instagram account – which has more than 26.2 million followers – the rapper shared a picture that stated: "You wanted a reality show host as president. Well, now you’re on Survivor."
He continued in the caption, stating, “Yeah we f**ked up big time, but we gonna be alright watch. LOL.”
BIDEN’S TAX PLANS
50 Cent took aim at Biden’s taxes on top earner on Monday. But what does the Democratic nominee’s plan look like?
- Nonpartisan analysis has said that Americans earning less than $400,000 would, on average, receive tax cuts under Biden's plan.
- High earners, however, could face double-digit increases in their official tax rates.
- In California, New Jersey and New York City, high earners could face a combined state and local statutory income tax rates of more than 60 percent, according to a CNBC report.
- Under Biden’s plan, the effective tax rate for the top 1 percent would increase from 26.8 pecent to 39.8 percent, according to the Tax Policy Center.
- A combined tax rate of more than 60 percent for high earners would be the higest in more than 30 years.
- Top earners in California and New York City could, in effect, pay state and federal tax rates of around 53 percent — compared with what they currently pay, which is roughly 40 percent.
- Few taxpayers, however, pay full statuatory rates, which don't include deductions, credits and other loopholes.
The news comes days after fellow rapper Ice Cube sparked a backlash for saying he had collaborated with Trump on his "Platinum Plan," which included initiatives such as replacing "failing schools."
Cube told CNN he had been contacted by both the Trump and Biden campaigns.
He added: "Both campaigns wanted to talk to me about the Contract with Black America. One campaign said, ‘We love what you have, but let’s really dig into after the election.’ And one campaign said ‘We love what you have, do you mind talking to us about it?’ And that’s what I did, so I didn’t run to nobody.”
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