50 Cent has beef with President Biden’s proposed tax hikes for those who make more than $400,000 a year.
The successful rapper and TV producer has been critical of Biden’s proposed tax hike and spoke out recently on The Beat With Ari Melber.
The Queens native spoke out about the planned tax hike and how it will drastically affect his salary as a New York resident.
“His tax plan— I didn’t realize I would be paying 62 percent of my income back to the IRS,” 50 said. “So, that does change a lot. New York City will change dramatically. Like, they are going to end up moving to different territories. You look at Silicon Valley, it is now in Austin, Texas,” he warned.
50 predicted that people were going to start moving in order to keep their hard-earned money. “So, you’ll start to see people moving from these places to new places that make sense for them to hold on to just what they are earning,” he explained. “Not to have it just taken from them by the government.”