The rapper first expressed his opposition to the tax hike during the 2020 election
50 Cent brought up his concerns with President Joe Biden’s tax plan during an appearance on “The Beat with Ari Melber” on Thursday.
Biden has repeatedly promised to raise taxes Any American earning more than $400,000 per year. The president said last week that he believed he would get enough Democratic votes to pass his resolution through the Senate.
“Their tax plan, I had no idea I would return 62% of my income to the IRS,” 50 Cent told Melber. “So it changes a lot. New York City will change dramatically. Like they’re going to be known in different areas. You look at Silicon Valley, it’s in Austin, Texas now.”
The rapper then emphasized that people are moving to “hold” what they are earning.
“So you’ll start seeing people move from these places to new places, which for them is exactly what they’re earning,” he said. “No, it is just taken from them by the government.”
50 percent drop in protest against Joe Biden’s tax plan: ‘I don’t want to be 20 percent’
50 Cent then revealed that it plans to move to Texas if the tax hike takes effect.
Click here to sign up for Entertainment News
“I’ll go ahead, Ari,” he told Melber. “I’m moving to Texas. I have my cowboy hat on and all. Everything’s bigger in Texas. Really beautiful people, nice people in Texas.”
50 Cent expressed his opposition to Biden’s tax plan when now running for president.
“Yeah, I don’t want to be 20cent. 62% is a very, very, bad idea. I don’t like it!” The rapper said on social media ahead of the 2020 presidential election after encouraging voters to vote for former President Donald Trump.
Granthshala News’ Yale Halone contributed to this report.