Cardi B Wants To Know What The Government Does With Her Taxes

Grammy-nominated rapper Cardi B makes “money moves” — and she wants to know what the government does with them.

The 25-year-old singer, who sang in her hit “Bodak Yellow” that she makes money move, said in a recent Instagram FB, -3.34%  video that the government is taking 40% of her income and she wants to knows what it does with that money. “When you donate to a kid from a foreign country, they give you updates on what they’re doing with your donation,” she said.

See: Filing your tax returns online? Watch out for these surprises that bump up your fees

She mentioned a few places where her taxes don’t seem to be going, in her opinion: Her home town — New York City — and prisons. “I’m from New York and the streets is always dirty, we were voted dirtiest city in America,” she said. Prisoners only get a couple of pairs of underwear and one jumpsuit for months at a time, she added.

The national state prison population has jumped 700% since the 1970s, according to data from the Vera Institute of Justice. The annual cost per inmate in New York City was $96,232 in 2014, up from $67,565 in 2007, according to the City Comptroller’s office. That’s more than three times the $30,619 average cost of incarceration for federal inmates in 2014. U.S. prisons are at more than 100% occupant capacity, the World Prison Brief found.

So where do our taxes actually go? In 2017, the biggest share of federal tax dollars went toward social safety net programs like Medicaid, Medicare and Social Security, with defense spending representing the second biggest chunk. In her home state of New York, nearly half of all tax money went toward public education and Medicaid.

Also see: Beware, the IRS is looking for these red flags this tax season

Cardi B has talked taxes to her audience before. In December, she posted a video telling people who owe her money to hold it for the following year so she wouldn’t have to pay taxes on it. The Bronx-born rapper once worked as a stripper, a job that she says helped her become financially independent enough to leave an abusive relationship.

RECENT NEWS

The Penny Drops: Understanding The Complex World Of Small Stock Machinations

Micro-cap stocks, often overlooked by mainstream investors, have recently garnered significant attention due to rising c... Read more

Current Economic Indicators And Consumer Behavior

Consumer spending is a crucial driver of economic growth, accounting for a significant portion of the US GDP. Recently, ... Read more

Skepticism Surrounds Trump's Dollar Devaluation Proposal

Investors and analysts remain skeptical of former President Trump's dollar devaluation plan, citing tax cuts and tariffs... Read more

Financial Markets In Flux After Biden's Exit From Presidential Race

Re-evaluation of ‘Trump trades’ leads to market volatility and strategic shifts.The unexpected withdrawal of Joe Bid... Read more

British Pound Poised For Continued Gains As Wall Street Banks Increase Bets

The British pound is poised for continued gains, with Wall Street banks increasing their bets on sterling's strength. Th... Read more

China's PBoC Cuts Short-Term Rates To Stimulate Economy

In a move to support economic growth, the People's Bank of China (PBoC) has cut its main short-term policy rate for the ... Read more