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50 Cent Endorses Trump after Allegedly Viewing Biden’s Tax Plans

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President Donald Trump and Rapper 50 cent. (Image via Getty/AP)
President Donald Trump and Rapper 50 cent. (Image via Getty/AP)

A recent trend of artists has seen them leaning towards President Trump this election. Last week, it was revealed that Ice Cube is working with the current administration to help Black communities. Now on Monday, rapper Curtis Jackson, better known as 50 Cent, reached out to followers telling them to vote for Trump after learning about Joe Biden’s tax plan that was broadcasted on TV.

What We Know:

  • The rapper reacted to the plan in a graphic broadcasted by CNBC displaying the tax increase which would affect those that earn more than $400,000 under the Biden administration. According to CNBC, the combined federal and state tax rate for high-income earners would be 58% for New York State, 60% for New Jersey, 62.6% for California at 62.6% and 62% for New York City alone.
  • The New York City stat seemed to have hit a nerve for 50 when the caption of an Instagram post read, “WHAT THE F**K! (VOTE For TRUMP) IM OUT, 🏃‍♂️💨F**K NEW YORK The KNICKS never win anyway. 🤷🏽‍♂️I don’t care Trump doesn’t like black people 62% are you out of ya f**king mind.”
  • He later followed that post up by reminding fans of his current financial state. “I just remembered I’m bankrupt, so I’m looking for a gracious loan can anyone help a brother out. LOL.” 50 Cent continued to criticize Biden’s plan on Tuesday, saying it’s a very bad idea.

  • Boiling it down, Biden’s tax plan would raise the individual tax rate for all taxable incomes above $400,000 from 37% to 39.6%, a rate that already existed before Trump came into office. According to the Tax Foundation, “Social Security payroll tax surcharge of 12.4%” would also be added to income over $400,000, of which half will be paid by employers.
  • As far as the income tax rate for living in the state of New York State, tax percentages range from 4% to 8.82% depending on income and marital status. If you live in the Big Apple, the income tax rate is already about 3% to 4% higher. The Biden campaign reiterated that any single earners making under $400,000 would not pay more taxes under the plan, only high-income individuals and businesses.

50 Cent reportedly sold a massive Connecticut mansion for about $2.9 million, which was 84 percent less than what he originally bought the home for. This questionable financial choice comes a few years after he filed for bankruptcy in 2015. Since then, he agreed to pay $23 million over the span of five years when the case ended in 2017.

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Javier Garay is a digital intern with Unmutedco. He graduated from the University of North Georgia with a Bachelor of Science (B.S) in Film/Digital Media with a concentration in Media Studies. He is a contributor and editor for Black News Alerts (BNA), a BNA and BossFM social media contributor, and is the lead of the BNA Daily Podcast Team.

Entertainment

‘Insecure’ star Issa Rae marries Louis Diame in the South of France

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Issa Rae married her fiancé, Louis Diame, in a private ceremony in the South of France this weekend.

What We Know:

  • The “Insecure” star and co-creator, 36, confirmed the news Monday on her Instagram.

“A) Impromptu photo shoot in a custom @verawang dress. B) My girls came to help me, but they all coincidentally had on the same dress! They were sooooo embarrassed. C) Then I took a few flicks with Somebody’s Husband,” she joked.

  • In the photos, Rae posed in a custom, strapless Vera Wang gown along with a floor-length veil and a bouquet of neutral-colored roses. Her businessman husband, for his part, wore a red velvet suit by Dolce & Gabbana.  Rae also shared picture of her five bridesmaids in matching mauve dresses. Each of them held miniature versions of the bride’s rose bouquet.
  • The photos were geo-tagged at Saint-Jean-Cap-Ferrat, a French commune overlooking the Ligurian Sea.  Engagement rumors sparked in early 2019 when Rae wore a giant diamond ring on the cover of Essence. Reps for Rae wouldn’t comment on the relationship at the time, but her “Insecure” co-stars confirmed the news shortly after.
Congratulations to the newly weds!

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Coronavirus

Live Nation Announces $20 All-in Tickets Summer Concert Campaign

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Live Nation announced its “Return to Live” summer concert campaign, offering fans $20 all-in tickets to nearly 1,000 shows this year.

What We Know:

  • In a statement via Livenation.com the company proclaimed “the time is here to get outside and catch live music with friends, family and loved ones at over 40 Live Nation amphitheaters all across the country.” There are country, latin, metal, pop, and rock shows for fans to choose from. Lil Baby, Rod Wave, Pitbull and Trippie Redd are among the hip hop artists participating in the promotion.
  • Two months after Live Nation CEO Michael Rapino held a conference call to discuss the company’s financial results for the first quarter of 2021. Live Nation’s quarterly revenues were decimated by 98% last summer and 95% in the fall. Rapino also mentioned Live Nation was communicating with artists about scheduling tour dates safely. According to Rapino, at the time, there were some acts comfortable with performing this summer, and others who preferred to wait until 2022.

“Artists are patient and smart, we’re not looking to cram three years into one. Spread [the postponed tours] over two years and you find enough weekends.”

  • Rapino revealed that the pandemic also allowed Live Nation time to discuss new products that will help the company think differently about the fan and the artist. An increased virtual approach is one of the methods the company plans to pursue. Rapino said he’s “very confident that the next couple of years” will include new models for subscription and ad-business ideas as well as NFTs becoming a big attraction.

T-Mobile and Sprint customers will receive exclusive 24-hour early access to grab the $20 all-in tickets beginning Tuesday, July 27th. Everyone else can get their tix Wednesday, July 28th on Live Nation’s website.

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Pop Smoke’s ‘Faith’ Debuts At No. 1 On The ‘Billboard’ Album Charts

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Pop Smoke has the No. 1 album in America.  The rapper died February 19, 2020.

What We Know:

  • A little over a year after the world received his posthumous debut album, Shoot For The Stars, Aim For The Moon, Pop Smoke’s team regrouped to unveil another one, entitled Faith. It arrived earlier this month, with 20 songs and appearances from Kanye West, Pusha T, Rick Ross, The-Dream, 42 Dugg, 21 Savage, Dua Lipa, and many more. A week and a half after its release, Faith just became the second No. 1 album for the late musician.
  • The album debuted atop the Billboard 200 for the chart dated July 31. Faith achieved this by selling 88,000 total album units, with 83,000 of that being streaming equivalent album units, thanks to over 113 million on-demand streams of the album’s tracks. Pure albums sales contributed an additional 4,000 units to its first week numbers. Faith joins Shoot For The Stars, Aim For The Moon as the No. 1 projects in Pop Smoke’s catalog, and it makes for his third album to enter the top 10 of the Billboard 200.

  • Faith debut atop the album charts comes days after a deluxe edition of the project was released. In total, four songs with guest appearances from G Herbo, OnPointLikeOP, Killa, Dread Woo, and Travi were added to the album.

Fans on social media have praised the album and continue to celebrate Pop Smoke as ‘one of the greatest rappers of our time.’

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