Rapper and media mogul 50 Cent went to Instagram Monday (October 19) to share his feelings about former Vice President Joe Biden's proposed tax plan. "WHAT THE F***! (VOTE ForTRUMP) IM OUT," 50 Cent said. "F*** NEW YORK The KNICKS never win anyway. don’t care Trump doesn’t like Black people 62 percent are you out of ya f****** mind." The Democratic presidential candidate's plan proposes raising taxes on households with more than $400,000 in income, which also includes a higher income tax.
Experts said that Biden's proposal could see over 60 percent tax rates for residents of New York City and California. New Jersey and New York State were also among the potentially top-taxed states. Since 50 Cent in a multimillionaire, he and other wealthy celebrities could be giving up more of their wealth to the U.S. government. CNBC said that Democrats must take hold of the White House and Senate while maintaining their majority in the House of Representatives for Biden's tax proposal to take place.