Under Biden’s plan, people earning above $400,000 would see a tax rate increase of 37% to $39.6%.
Rapper 50 Cent on Monday told his followers to vote for President Trump after seeing a graphic of Democratic nominee Joe Biden’s tax plan broadcast on TV. The rapper, whose real name is Curtis Jackson, reacted to a CNBC graphic showing how much people earning more than $400,000 would have to pay in taxes under the Biden administration. According to CNBC, the combined federal and state tax rate for top earners in New York state would be 58%, New Jersey at 60%, California at 62.6% and New York City at 62%. The final stat apparently upset the hip-hop mogul. “WHAT THE F**K! (VOTE ForTRUMP) ” he wrote on Instagram.
