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Cardi B talks taxes and more with Joey B

August 17, 2020
Screen shot of Cardi B Joe Biden convo Elle magazine sponsored

Rapper Cardi B quizzes Democratic presidential candidate Joe Biden on taxes (and more) in Elle magazine video chat.

The 2020 Democratic Convention kicks off today, but former Vice President Joe Biden, who later this week will be formally nominated by his party to take on Donald J. Trump, got a media head start.

Biden's recorded video chat with music superstar Cardi B was posted this morning.

No, the nearly 17-minute video wasn't put out by the Joe Biden/Kamala Harris campaign. The conversation was sponsored by Elle, where Cardi's visage graces the fashion/lifestyle magazine's September cover.

And no, Cardi's not coming for the jobs of Axios' Jonathan Swan or Fox News' Chris Wallace, both of whom recently went head-to-head with Trump. But the 27-year-old woman was earnest and authentic in expressing her concerns to a man 50 years her senior.

Informal, topical talk: Between the swapping of personal anecdotes — Joey B is the nickname Biden's daughter gave him; Cardi faced financial challenges as a commuting New York City college student; both relied on family for child care help — the Bronx rapper asked the former Veep about topics of interest to her, and undoubtedly millions of other Americans, as the Nov. 3 election day nears.

They included the cost of higher education, ways to expand medical insurance coverage and efforts to fight systemic racism and achieve greater racial equality.

At the end of the Zoom chat, they pair also touched on taxes.

"Can you provide college education, this Medicare plan without a big chunk of taxes coming out of our checks?" Cardi B asked the candidate.

Biden said it's possible by taking practical approaches to taxation. He cited his proposal for a 15 percent minimum tax on all profitable businesses.

Prior political conversations: It's not surprising the Grammy-winning millennial musician was willing to chat with a career politician who likely represents the end of the Baby Boomers' hold on U.S. campaigns.

In the upcoming Elle cover story, Cardi talks about politics and activism, including her outrage at Breonna Taylor's death and her encouragement of her fans to become more civically engaged at all levels of government.

She's also spoken of the possibility of running for public office.

The Biden talk also is not the first time she's discussed politics and policy with someone seeking the highest office in the land. A year ago, Cardi spoke with Bernie Sanders, who then was battling Biden for the Democratic presidential nominate.

That talk was produced by the Sanders' team covered some of the same topics as today's with Biden.

Still not a tax fan: It's also not the first time Cardi B has had some thoughts on taxes.

Just before Tax Day in April 2018, she took to her Instagram account to describe, in her own inimitable and uncensored way, her thoughts on paying taxes.

In case you didn't get the hint in her tax question to Biden, she's not a big fan of income taxes.

Cardi B is not a fan of income taxes

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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