50 Cent infuriated a large percentage of his fanbase on Monday (October 19) when he encouraged his 26.2 million Instagram followers to “vote for Trump.” The television mogul was disheartened by Joe Biden’s proposed tax plan, which includes a 62 percent top tax rate for New York and New Jersey residents — something Fiddy didn’t like.
On Tuesday (October 20), the multi-millionaire doubled down on his Trump endorsement via Instagram, sharing a Fox News clip about his Trump endorsement the previous day.
“Yeah, i don’t want to be 20cent,” he captioned the post. “62% is a very, very, bad idea. i don’t like it !”
According to CNBC, the 62 percent tax rate would only apply to those who make over $400,000 annually. The Biden campaign said what matters to taxpayers and the economy are the “effective rates,” not the statutory rates. Very few (if any) taxpayers pay the full statutory rates, which excludes deductions, credits, offsets, loopholes and lower tax rates on other sources of income.
Under Biden’s plan, the effective tax rate for the top one percent would increase from 26.8 percent to 39.8 percent, meaning top earners in California and New York City would pay effective state and federal tax rates of around 53 percent — compared with the approximately 40 percent they pay in effective rates now.
50 Cent Says 'Vote For Trump' After Seeing Joe Biden's Tax Plan: 'I Don't Care Trump Doesn't Like Black People'
50’s initial post received approval from conservative commentator Tomi Lahren, Trump’s senior campaign advisor Katrina Pierson, Candace Owens and countless Trump supporters on social media. But many of Fiddy’s previous supporters had no problem dismissing his existence.
As author Frederick Joseph pointed out on Twitter, anyone making less than $400,000 a year — which, let’s face it, is most people – taxing the wealthy helps the working class.
“I’m happy @oldmanebro is talking about 50 Cent endorsing Trump on the radio,” Joseph wrote. “A lot of you are aligning with 50 because of the implications of Biden’s tax plans. 1. Y’all don’t make enough to be taxed more 2. Taxing the wealthy more helps YOU 3. The wealthy are gaslighting you.”
Frederick Joseph is another example of the enslaved mind. Which billionaires are gassing us…???? The ones on the right or the left??
Fuck the rich 62% sounds good to me if you make over $400,000 a year. WTF you doing for me ? Why should I should give a fuck if Biden taxes your ass to death. This guy dont even make music no more. Tax the shit out of athletes too. They can use the taxes to finance all this reform they are always calling their fans to protest for.
Uhhhh you’re hating on more successful people out of pure jealousy and greed. You poor asses act like everyone owes you something just because they’re smarter than you. Figure out how to make money and you wouldn’t be so dumb to vote for a pedddddoooofile named Joe Biden. Besides, dummy, in today’s world $400k a year isn’t excessive wealth. So when Biden comes for them, he will come for you next.
If it’s not excessive how come 98.2% do not earn it ? If it’s not excessive how come the vast majority do not even make one quarter of that? (100,000). Ppl are starving, homeless, dying from corona, unemployment massive, ppl need hospitals and schools. Surely those who have the most spare cash should help suffering humans. They keep the first 400k. The testis statutory up from 57 now to 59% under biden. But in reality it will be about 30% same as obama. Eisenhower top tax rate was 91%. The top 2% wealthiest ppl can easily afford it unlike ppl suffering who literally have no food etc.
The same Eisenhower who had to tax after a massive world war which killed 100 million? You don’t know how lucky you are.
Never thought I’d say this, but Fifty need to shut the fuck up. The trolling over the years is funny and all, but we can’t play games this close to election day. Trump might “appreciate” Fifty cause he’s rich, but he despises black people. His followers hate black people, so to hear this from him supporting Trump shows that fifty has fallen the fuk off. I was on the fence about watching Power book 2, but he just made my mind up.
You getting nervous there, Princess? You see corrupt Joe’s pay-for-play scandals can’t be hidden any longer and it’s scaring the nanny state dependents. Don’t worry, your Dem party will crash and burn like always. A billion dollars couldn’t buy Killary the White House.
50 has always been a republican. i remember him talking about it a decade ago.
my god to the clowns in government who can blame him.
What this Frederick Joseph character said is absolutely untrue. That’s some serious gaslighting from yet another “blue check mark”. So-called moderates and leftists will believe anything that either make them feel virtuous, or might benefit them in some Kingdom of Narnia type of way. It’s funny we like talking about strong black men, or women. What you really mean is strong black men or women who believe exactly what you believe. The gig has been up for quite awhile. The problem is these kind of blue check mark people, and the mainstream media (same difference really) gaslighting you into believing narratives that have no real basis. It’s actually quite remarkable.
@ UnPopularOpinion – But yet you fail to mention why his statement was untrue, seeking to cause confusion. At least the man laid out why he believes that this tax plan will help whereas you don’t and just say it’s untrue. Great rebuttal (sarcasm).
Wow you’re really funny. Explain how the tax plan will help? Please say Green New Deal.
Going against the current. I am impressed 50.?
50 is right. Trump also lowered taxes for the middle class as well. Also, increasing taxes on the wealthy doesn’t automatically help those with less if the government wastes it on dumb sh1t.
Trump 2020! its time for y’all to leave the plantation
I feel for the people of this great country. They are faced with two bad choices.
ikr? this is 2016 all over again
50 just signed a big hollywood deal to produce three horror movies. Hollywood tends to blacklist pro-Trumpers. I thought for sure he would walk back on his statement, good for him sticking to his principles. I still wouldn’t be surprised if he eventually disavows Trump though, just to protect his brand.
Good for him. I’m so happy to see that he hasn’t caved in to the angry Twitter mobs. Twitter does not represent reality. I’m gonna stream some 50 Cent music today!
Now what you will em say about that?
What about Ja? What’s Ja got to say about this?