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2w ago

50 Cent Offers $258,750 and First-Class Flight to Oppose Zohran Mamdani’s Millionaire Tax Plan

The move responds to Mamdani’s plan to raise $10 billion through matching New Jersey’s 11.5% corporate tax with a 2% surcharge on seven-figure earners following his Democratic primary win

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Overview

  • Zohran Mamdani’s proposal would increase the corporate tax rate from 7.25% to 11.5% and add a 2% levy on incomes above $1 million to fund city services.
  • He projects the millionaire surcharge would cost top earners about $20,000 per year while generating roughly $10 billion in revenue.
  • Rapper 50 Cent countered on Instagram by offering Mamdani $258,750 and a first-class one-way ticket out of New York.
  • President Donald Trump weighed in on Truth Social by branding Mamdani a “100 percent Communist Lunatic” after his nomination win.
  • The backlash follows 50 Cent’s 2020 endorsement of President Trump in opposition to proposed 62% tax rates on New York’s highest earners.