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'I don't care Trump doesn't like black people'-50 Cent endorses Trump/Rejects Biden's 60%+ tax plan
Daily Mail UK ^ | 10/19/20 | Dailymail.com Reporter

Posted on 10/20/2020 4:09:33 AM PDT by sevinufnine

Rapper 50 Cent has endorsed Donald Trump for president because of his favorable tax policies for the rich - and said he doesn't care if the Republican 'doesn’t like black people'. The 45 yr. old tweeted a shot of the tax rates proposed by Democratic candidate Joe Biden and running mate Kamala Harris. Biden's proposals could see those earning more than $400K a year hit with rates of 62.6 % for California residents, and 62 % for people who live in NYC. The rapper wrote: 'WHAT THE F***! (VOTE ForTRUMP) IM OUT. F*** NEW YORK The KNICKS never win anyway.'

He added: 'I don’t care Trump doesn’t like black people 62% are you out of ya f***ing mind.'

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: 50cent; election; trump
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The Biden campaign has responded by saying that the 'effective rates' are more significant than statutory rates. The statutory tax rate is the rate imposed by law on taxable income that falls within a given tax bracket while the effective tax rate is the percentage of income actually paid by an individual or a company after taking into account tax breaks, including loopholes, deductions, exemptions, credits and preferential rates.

Biden's plan would see the effective tax rate for the top 1% increase to 39.8% from 26.8%. The highest earners in California and New York City would be lumbered with effective state and federal tax rates of around 53%. Currently they pay around 40% in effective rates.

If Democrats manage to win the Senate they may also be able to pass legislation that would remove a $10,000 cap on state and local tax deductions enabling the tax rate for the highest earning members of society to be even lower.

Despite such promised, it would still see combined tax rates at their highest level for more than 30 years, according to MSN.

The top marginal tax rate would rise from 37% to 39.6% with an additional 12.4% payroll tax according to Jared Walczak of the Tax Foundation. In California the highest income tax rate for those earning the most would be 62.64%. New Jersey would see a combined rate would be 58.2% while in New York it would be even higher at 62%.

The rates could rise even further if tax hikes placed upon employers are passed along to their workers. Walczak suggests that the top combined rates might soar to more than 65% in California, 62.9% in New Jersey and 64.7% in New York. 'These rates would be the highest in about 3½ decades,' said Walzcak, 'and imposed on a broader tax base than was in place previously.'

1 posted on 10/20/2020 4:09:33 AM PDT by sevinufnine
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To: sevinufnine

2 posted on 10/20/2020 4:10:31 AM PDT by sevinufnine
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To: sevinufnine

Who told him Trump doesn’t like Black people?
This is the BS we have to deal with.


3 posted on 10/20/2020 4:11:07 AM PDT by Mr. K (No consequence of repealing obamacare is worse than obamacare itself)
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To: sevinufnine

Turdy scent still doesn’t get it right with the hate black people comment.


4 posted on 10/20/2020 4:11:36 AM PDT by HighSierra5
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To: sevinufnine

bookmark


5 posted on 10/20/2020 4:12:16 AM PDT by GOP Poet
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To: sevinufnine

What astounds me is all those Hollywood elites who live on the West Coast fall into the $400K or more a year bracket. Yet they still support Biden/Harris. WTH????


6 posted on 10/20/2020 4:12:48 AM PDT by sevinufnine
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To: Mr. K

I’m sure Mr. 50 Cent knows better, but his comment got the attention it was meant to!


7 posted on 10/20/2020 4:14:14 AM PDT by sevinufnine
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To: Mr. K

I think he meant he does not care if people think Trump does not oije blacks. But that is too complex a thought for a street poet to formulate.


8 posted on 10/20/2020 4:18:27 AM PDT by freedumb2003 ("Do not mistake activity for achievement." - John Wooden)
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To: sevinufnine

“What astounds me is all those Hollywood elites who live on the West Coast fall into the $400K or more a year bracket. Yet they still support Biden/Harris. WTH????”

Don’t worry, they will be taken care of, as they always have. It won’t impact them as there will be carve outs in the law that their tax accountants will use.


9 posted on 10/20/2020 4:19:40 AM PDT by Susquehanna Patriot
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To: sevinufnine

“What astounds me is all those Hollywood elites who live on the West Coast fall into the $400K or more a year bracket. Yet they still support Biden/Harris. WTH????”

Don’t worry, they will be taken care of, as they always have. It won’t impact them as there will be carve outs in the law that their tax accountants will use.


10 posted on 10/20/2020 4:19:42 AM PDT by Susquehanna Patriot
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To: sevinufnine

Yeah, cuz nothing says you hate people of color like fostering an economy with record low unemployment rates for them.


11 posted on 10/20/2020 4:22:16 AM PDT by mewzilla (Break out the mustard seeds.)
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To: Mr. K
Who told him Trump doesn’t like Black people?

Fiddy cent isn’t the brightest bulb in the box. Invincible ignorance.

12 posted on 10/20/2020 4:26:22 AM PDT by PGR88
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To: HighSierra5

The guy has to add that in order to not lose a multi multi-million dollar contract with the shows he is executive producing.

So he gets to say don’t vote for Biden and still doesn’t have to sweat the ridiculous left.

We’re all tough talkers on this board but I have agreed with things to hold a job that I would never have outside of there.

Because nobody out there was going to pay my mortgage or for my food.

Even Trump has made statements from the past that don’t fit what he is all about.

And that I don’t think he meant at the time.

It’s easy to talk. Not so easy to deliver. 50 cent may have delivered a bunch of votes to us. I’ll take it


13 posted on 10/20/2020 4:26:48 AM PDT by dp0622 (Tried a coup, a fake tax story, tramp slander, Russia nonsense, impeachment and a virus. They lost.)
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To: Mr. K
Who told him Trump doesn’t like Black people?

I don't know if he was serious or not, but I find it both ironic and tragic that the great strides in eliminating white anti-black prejudice over the past 5 decades, and after America elected a black President, the accusations of white anti-black racism are escalating.

The best thing for anyone who is lower on the socioeconomic ladder (whatever their race, color, background etc.) is to have the ability to be upwardly mobile via your efforts. That will be eliminated by people like Biden, Sanders, AOC, etc. No ambition, no aspirations, no dreams, but you will have government-sponsored dependency and mediocrity.

14 posted on 10/20/2020 4:27:39 AM PDT by neverevergiveup
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To: mewzilla

Yes, but as a previous poster so brilliantly stated:

“But that is too complex a thought for a street poet to formulate.” :>)


15 posted on 10/20/2020 4:29:03 AM PDT by sevinufnine
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To: dp0622

I get your drift.


16 posted on 10/20/2020 4:31:34 AM PDT by HighSierra5
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To: neverevergiveup

“That will be eliminated by people like Biden, Sanders, AOC, etc. No ambition, no aspirations, no dreams, but you will have government-sponsored dependency and mediocrity.”

Sort of like “every kid gets a trophy” that basically slaps the one or ones who did the best right in their little faces and takes the wind out of their sails. Terrifying actually.


17 posted on 10/20/2020 4:31:47 AM PDT by sevinufnine
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To: dp0622

I will happily take it as well!


18 posted on 10/20/2020 4:32:34 AM PDT by sevinufnine
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To: sevinufnine

He doesn’t like the idea that he will be 26cents after Joe’s election.


19 posted on 10/20/2020 4:34:51 AM PDT by hardspunned (MAGA, now more than ever)
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To: sevinufnine
Sort of like “every kid gets a trophy” that basically slaps the one or ones who did the best right in their little faces and takes the wind out of their sails. Terrifying actually.

Yes. I totally agree. The only people who are able to 'distinguish' themselves under socialist/Communist governments are those IN government, and whatever lackeys they have that support them (e.g. the compliant media, the fawning entertainment industry, attorneys who benefit from having government inundated with attorneys in elected office, and pseudo-intellectual academics).

20 posted on 10/20/2020 4:38:52 AM PDT by neverevergiveup
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